This special report from Horwath HTL looks at the Croatian Hotel and Investment Market
As a service-based economy that was hit hard by the global financial crisis, Croatia has recovered more slowly than other countries in the South East Europe region. While macroeconomic stability of the country has largely been achieved, structural reforms lag because of lack of strong governmental support. While the worst of the recession is over, Croatia is yet to see signs of a sustained economic recovery. Parliament elections at the end of 2011 and Croatia’s full EU membership as of 2013 are expected to accelerate fiscal and structural reforms.