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Croatia's Q2 C/A Deficit Falls to 901.5 Mln Euro

Oct 1, 2009, 12:42:20 PMArticle by Kire Nedelkovski
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October 1 (SeeNews) - Croatia's current account deficit shrank to 901.5 million euro ($1.3 billion) in the second quarter of 2009 from 1.837 billion euro in the previous quarter, the country's central bank said.

Croatia's Q2 C/A Deficit Falls to 901.5 Mln Euro

In 2008, Croatia's current account deficit widened to 4.45 billion euro, from 3.2 billion euro in 2007.

The central bank issued the following details (in millions of euro):

Q2 2009 Q1 2009
- Croatia C/A balance -901.5 -1,837
- Import of Goods and Services -4,604 -4,299
- Export of Goods and Services 3,969 2,700
- Net income -561.6 -446.0
- Net current transfers 295.1 207.7
- Capital and financial transactions (including reserves) 585.2 2,137
- International reserves (change) -332.4 410.7
- Net Direct investments 438.7 412.3
- Portfolio investments 394.1 -445.8
- Other investments 76.8 1,756

($= 0.6857 euro)

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