
Croatia sets wage and industrial targets amid productivity concerns
Croatia targets a €1,600 average wage by 2028 and launches a €3 billion industrial plan, though experts warn of lagging productivity.
Croatian Prime Minister Andrej Plenković announced plans to increase the average net monthly wage to €1,600 by 2028, alongside upcoming consultations in October to adjust the current €1,050 gross minimum wage. Concurrently, the government unveiled its National Industrial Development Plan through 2034, allocating nearly €3 billion to boost manufacturing's share of GDP and enhance technology.
While Croatia recorded its 22nd consecutive quarter of GDP expansion, slowing momentum drew warnings from economic experts. Mislav Balković, president of the Croatian Employers' Association, cautioned that rising labor costs continue to outpace productivity gains. Additionally, economist Ljubo Jurčić described the economy as floating "without an engine and without a rudder," arguing that sustained growth rates exceeding five percent are necessary to ensure long-term stability.
Sources: HRT Vijesti, Index, Poslovni dnevnik, Vijesti.


