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Croatia’s Foreign Debt Climbs by 780 Million Euros

 

Croatia’s total gross foreign debt at the end of June reached 46.5 billion euros, up 780 million euros from the end of last year, according to the latest data from the Croatian National Bank.

 

After a slight increase in foreign debt in the first quarter of this year, during the second quarter, foreign borrowing intensified, with an increment of about 600 million euros. Out of this increase, about 100 million euros were due to the weakening of the euro against the U.S. dollar.

Increased foreign debt in the second quarter mainly contributed to the increase in foreign liabilities of the central government of Croatia. In late June, the total external debt stood at 8.2 billion euros, which is 17.6 per cent of Croatia’s total external debt.

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