Croatia's foreign debt reaches EUR 31.4bn

Croatia's foreign debts increased by EUR 2.1bn in the first ten months of 2007 to reach EUR 31.4bn, reports say.

Izvor: Beta

Monday, 21.01.2008.

15:05

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Croatia's foreign debts increased by EUR 2.1bn in the first ten months of 2007 to reach EUR 31.4bn, reports say. The figure went up EUR 3.4bn on the annual level, compared to October last year. Croatia's foreign debt reaches EUR 31.4bn This puts the annual debt growth rate at 12.2, that country's central bank data shows. At the same time, experts say this means that the rate has slowed down, since it amounted to 14.3 percent in October 2006. Croatia owes the rise in the value of its debt to companies, who borrowed almost EUR 4bn in the first ten months of last year. The debt of the companies thus reached EUR 16.1bn, with a 51.6 percent share in the country's overall number.

Croatia's foreign debt reaches EUR 31.4bn

This puts the annual debt growth rate at 12.2, that country's central bank data shows.

At the same time, experts say this means that the rate has slowed down, since it amounted to 14.3 percent in October 2006.

Croatia owes the rise in the value of its debt to companies, who borrowed almost EUR 4bn in the first ten months of last year.

The debt of the companies thus reached EUR 16.1bn, with a 51.6 percent share in the country's overall number.

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