June 6 (SeeNews) - Croatia does not face a Greek scenario and plans to issue government bonds on the domestic market before the summer recess, probably in the beginning of July, Zagreb-based media reported on Monday quoting the country's finance minister.
Last week the country postponed a planned 1.5 billion euro ($1.7 billion) Eurobond issue until political tensions calm down.
Zdravko Maric told news portal Poslovni.hr that he believes the current crisis will be resolved allowing Croatia to move forward with its plans, but admitted that it could be expected to have a negative effect on the economy, on the price of borrowing in particular.
Last week, prime minister Tihomir Oreskovic called on his deputies of the HDZ and MOST parties to resign after failing to iron out their differences centred around the opposition's claims that the HDZ leader Tomislav Karamarko serves corporate interests. Karamarko declined to resign and called for a cabinet reshuffle or early elections without current coalition partner MOST.
Also last week, Raiffeisen Research said that although Croatia postponed its Eurobond placement due to political wobbles, it is not sure that the country can really achieve a much more favourable pricing going forward.