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Croatia's Economy Poised for Growth Amid Stable Energy Prices

4/14/2026

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Summary

Story summary

Croatian Finance Minister Tomislav Coric says Croatia's economy is more resilient to fuel-price rises and expects growth above the EU average.
ECB incoming vice president Boris Vujcic says energy prices are stable and less likely to drive inflation thanks to diversified supply.
Croatian National Bank Governor Boris Vujcic notes the energy shock is less severe and inflation is nearer the target.

History

Historical Context

The 1973 oil crisis, triggered by the Arab oil embargo during the Yom Kippur War, caused oil prices to quadruple, leading to inflation rates exceeding 10% in many countries. This crisis marked a pivotal shift in global energy policies, prompting nations like Croatia to diversify energy sources, highlighting the ongoing significance of stable energy supplies in fostering economic resilience within the European Union today.

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Story summary

Croatian Finance Minister Tomislav Coric says Croatia's economy is more resilient to fuel-price rises and expects growth above the EU average.
ECB incoming vice president Boris Vujcic says energy prices are stable and less likely to drive inflation thanks to diversified supply.
Croatian National Bank Governor Boris Vujcic notes the energy shock is less severe and inflation is nearer the target.

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