The Croatian Government has put a ban on both Christmas and New Year celebrations for state run companies as the credit crunch continues to hit countries worldwide. The Prime Minister of Croatia, Ivo Sanader said that there was no need to panic, but in the midst of a global financial crisis, the country had to become serious.
He went on to say, “For that goal we forbid buying of Christmas and New Year’s gifts as well as organising of Christmas and New Year’s receptions.”
The news comes as the government proposes to freeze all public sector salaries in 2009. Mr Sanader added “I believe that with the proposed measures we can avoid a deeper crisis within the next year.”
The Croatian government is adamant that it will balance their budget next year, and if successful, will be the first time since the country’s independence from Yugoslavia in 1991.
The country’s main income is from its tourist industry, and fear that there will be a sharp drop in visitor numbers due to the ongoing financial crisis.
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