Raiffeisen Bank Austria

Research by Raiffeisen Bank Austria, RBA, on economies in Central and Southeas Europe suggests that Croatia and Serbia had negative GDP growth in 2014 and will not grow much in 2015, either.

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Croatia’s external gross debt has hit 46.4 billion euro, an all-time record, 108 per cent of the annual GDP, the country’s main bank reported.

Compared to the same period in 2013, the Croatian National Bank, HNB, reported a 3.3-per-cent rise in the debt in the first trimester of 2014.