Economy and Sustainable Development Minister Tomislav Coric told the press on Thursday that Croatia's economy would expand by more than five percent in 2021 on the back of excellent results in the tourist sector so far this year.

“Considering the trends in the tourist season and results in July and in the first half of August, I can point out that we in the government expect that our forecasts of economic growth of more than five percent will turn out to be correct,” Coric told reporters after the government’s meeting.

If the positive trends in the tourist trade continue in the remainder of the season, the growth can be even higher, he said.

After a downturn of 8 percent in 2020, the Croatian economy is expected to rebound by 5.2 percent in 2021, according to the government’s projections.

Coric added that the government had today decided to allocate 30 million kuna for the completion of an entrepreneurial centre in prefab containers in Petrinja.