Croatian Economy to Feel Fallout from Coronavirus Crisis Next Two Years

Total Croatia News

ZAGREB, March 20, 2020 – Director-general of the Croatian Employers’ Association (HUP) Davor Majetić said on Friday that the economy would feel the consequences of the novel coronavirus for the next 1.5 to 2 years and perhaps even longer, adding that he expects the public sector to show solidarity with the private sector.

Commenting on the government’s 63-measure rescue package, Majetić said that defining the criteria to hand out HRK 3,250 per employee marks the start of the first and most important measure that the government has adopted for now to bail out the economy.

That measure is exceptionally important for micro, small and medium-sized businesses and for large companies too that are having problems due to the coronavirus, Majetić believes.

“The measures will begin to be implemented as of Monday already and after that we hope that money will be paid into the accounts of all those employers experiencing problems with paying March wages because of the virus,” he said.

Majetić added that it would no end with just that measure because it was certain that that would not be enough for all the challenges facing the economy.

“We are continuing with talks with the government primarily regarding the implementation of the remaining 62 measures which we expect to be very simple with smooth criteria whereby the speed of the implementation of each of those measures has to be important,” he underscored.

More coronavirus news can be found in the Lifestyle section.


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