Valdis Dombrovskis (Photo: HRT)

The Vice-President of the European Commission tasked with the Euro and Social Dialogue, Valdis Dombrovskis, applauded Croatia on Wednesday for its progress in terms of structural reforms and exit from excessive macroeconomic imbalances. Economy Branko Lozančić

“Although Croatia continues to have imbalances, they are not excessive. This is good news for Croatia, especially in the light of preparations for participating in the European exchange mechanism and in the end for membership in the Eurozone,” said Valdis Dombrovskis at a news conference presenting the winter package for the European semester.

In its regular annual report for Croatia, which is adopted within the framework of the European semester for 2019, the European Commission confirmed Croatia’s progress in implementing structural reforms.

After five years, Although Croatia still has macroeconomic imbalances it has moved out of the category of excessive macroeconomic imbalances.

Source: HRT