Since Croatia is an importdriven auto market with no significant production activity we anticipate that trends in imports Links of London new vehicles will largely mirror domestic sales over our forecast period. That is only likely to change in the event of a major carmaker taking a decision to establish a productionassembly facility in the country. Overall risks to Croatia’s auto market forecasts are finally poised. Given reasonable stability in the local political environment and our already bearish core scenario for consumer demand, the main negative risks are external economic shocks. A double dipglobal downturn, Links of London Snowflake Charms could be triggered by any number of factors including a dip in Chinese domestic demand, intensified focus on the fiscal credibility of eurozone nations, or a failure of America’s private sector to register a sustainable revival could clearly result in car sales in Croatia enduring negative real growth considerably beyond the end of . In terms of the main upside risk, the global economy and in particular, the eurozone may recover more robustly than we currently anticipate, leading to much higher Croatian exports than currently forecast, revived local business investment, higher disposable incomes Links of London Star of David Charm a sharperthananticipated revival of new car sales. nt Developments Reflecting the sombre mood of the Croatian automobile market, the Zagreb Auto Show , scheduled to take place during the second half of March, was cancelled in early February. A smallerscale event did eventually go ahead in midSeptember, but with fewer exhibitors and a more modest programme than had originally been planned. In a more positive development, Zagrebbased company DOKING has been gaining recognition for the development of Croatia’s first electric automobile, the XD. Already established as a leading designer Links of London Sweetie Black Rhodium & 18ct Rolled Gold Bracelet specialist vehicles in the areas of demining and firefighting, DOKING has developed a threeseater electric sports car which is able to accelerate from kmh in . seconds. The XD project has received a number of awards. In April , DOKING’s director collected a prize for creativity and innovativeness awarded by the Development and Creativity Network.
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