The rating agency Dun & Bradstreet (D&B) is sceptical of Croatia’s ability to finish European Union negotiations in June as corruption, unsolved war crimes, problems with the return of refugees and ailing shipyards continue to undermine its deadline goal.
According to D&B’s report, Croatia is unlikely to enter the European Union in 2012 due to remaining issues that are in large part tied to one of the remaining open chapters - chapter 23 on judiciary.
The report also looks at the country’s blossoming "grey economy" that contributes 35 per cent to its gross domestic product (GDP).
Even lower estimates point to the fact that the share of the grey economy is considerably higher than the central European averages, the report states, adding that it is no wonder that the government has suggested laws that would ban unregistered activities.
According to D&B’s report, Croatia is unlikely to enter the European Union in 2012 due to remaining issues that are in large part tied to one of the remaining open chapters - chapter 23 on judiciary.
The report also looks at the country’s blossoming "grey economy" that contributes 35 per cent to its gross domestic product (GDP).
Even lower estimates point to the fact that the share of the grey economy is considerably higher than the central European averages, the report states, adding that it is no wonder that the government has suggested laws that would ban unregistered activities.
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