The Croatian government adopted a National Reform Programme aimed at tackling structural imbalances. It supports overall EU objectives to sustain growth and jobs and to reach the Europe 2020 targets.
The reform programme has three targets: to boost competitiveness and growth, to correct weaknesses in the public sector, and to reinforce public finance management.
The National Reform Programme addresses specific recommendations which the EC made for Croatia last year, with emphasis on reforms to be undertaken in ten sectors, including public finances, expense rationalisation, pension schemes, the public healthcare sector, improvement of management of public companies, and the public sector.
Key reforms which the National Reform Programme focuses on are namely reduction of parafiscal levies, new bankruptcy legislation, reduction of the number of agencies and a 20% reduction of regional public administration units. Extra-budgetary beneficiaries are expected to save HRK 407 million. The ministries are expected to save HRK 435 million.
Contact:
Jelena Bilusic
Relationship Manager
Global Securities Services, Croatia
jelena.bilusic@unicreditgroup.zaba.hr