Croatia’s political crisis is not deterring investors, who are still attracted by the country’s improving economic situation since it became a member of the European Union, Bloomberg reported on Monday.
At a conference in Zagreb earlier the same day, the head of Siemens Croatia, Malden Fogec, told reporters: “This political situation will not be construed as an obstacle to investment for those who know Croatia.”
The country descended into political crisis last week after Prime Minister Tihomir Oreskovic urged his two deputies - Tomislav Karamarko and Bozo Petrov – to resign following months of in-house squabbles between the leaders in the ruling coalition.
Karamarko promptly responded to the call by announcing his party, the Croatian Democratic Union, HDZ, would withdraw its support for the government.
Despite this turbulence, Croatia’s economy recorded a 2.7 per cent expansion from January to March compared to this same period in 2015, making it the sixth consecutive quarter where growth has occurred.
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