|
As the country joined the EU in the middle of the year - July 1st - which is also the end of the European Semester for 2013, Zagreb participated in the exercise on a voluntary basis by presenting its economic programme in April. But the programme proved completely sufficient to trigger Brussels's alarm bells. According to the Commission, several indicators are with levels above the indicative thresholds, like, for instance, the net international investment position. This, by the way, is one of the problems for Bulgaria as well. A loss of market shares, high unemployment, negative net international investment position nearing 90 per cent of the gross domestic product for 2012, growing unit labour costs, accompanied by unfavourable product specialisation and geographic export orientation.
|