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According to initial government estimates, following Croatia’s accession to the EU on July 1, exports fell by 11 per cent, when compared with the same period in the previous year.

The decline for the month of August alone was 19 per cent, writes Poslovni Dnevnik. During the first eight months of this year, exports were down by 6.3 per cent when compared with 2012. The reason for the fall-off, notes the newspaper, has do with the impact of EU accession —

… which has exposed Croatia to greater international competition, and the loss of privileges associated with the Central European Free Trade Agreement (CEFTA).