Finance Minister: We Will Protect Those With Loans In Euros

Explaining the announced changes to Consumer Credit law, Croatia’s Finance Minister Slavko Linic has stated it is intended that Croatian citizens with loans in euros will be protected if there is a fluctuation in the exchange rate greater than 20%.

Linic told Jutarnji list that the implementation of legislative changes  will cost the banks around 60 million euros a year. When asked about the prospects of introducing lower taxes for citizens, Linic said: “As soon as we increase the number of employed people can we expect to have a more favorable ratio of pensioners to employees. Let’s be honest, this is not expected to be in the next 7-8 years, which means that no changes with tax policy for citizens can be possible”