Croatia’s tourism industry welcomes the new government and new tourism minister Veljko Ostojic with relatively high expectations, which include a tourism strategy, an adequate VAT rate, smart privatization, and labor rights.

Companies expect next year to be even more demanding. In statements given to the Croatian news agency HINA they said they were willing to work with the new government and minister to solve the issues that burden the sector and make it uncompetitive. The hotel industry has earlier requested the VAT rate to be reduced to 8 percent for all the services in tourism.
Author/Source PressCut - (Poslovni.hr)

The total value of outstanding payment orders of 68,489 businesses in Croatia exceeded HRK 40bn at the end of October (HRK 40.19bn). According to the data provided by the Financial Agency (FINA), 1-year liabilities or older account for more than 83 percent.

This represents a small increase compared with the month before, when total liabilities reached HRK 39.96bn. More than 76 percent of businesses have their accounts frozen for 360 days or more, while the amount of their outstanding liabilities account for 83.4 percent of the total debt (HRK 33.5bn). Among them, 35.7 percent have been frozen for 5 years or more.
Author/Source PressCut (www.liderpress.hr)