This report reviews key macroeconomic data and microeconomic developments for Croatia published between May 7 and June 7, 2015. In the beginning of June, the Croatian Statistics Office confirmed the country’s GDP expanded by 0.5% in the first quarter of the year. This was the second quarter in a row the Adriatic country reported economic growth. Croatia’s economy declined for six consecutive years. The EBRD said in its Regional Economic Prospects it expects the Croatian economy to grow by 0.5% this year, supported by reduced oil prices and some improvement in the Eurozone demand. The forecast was left unchanged compared to the January edition of the report. In May, the European Commission said it is not activating the excessive imbalance procedure for Croatia, but made a set of recommendations for the country for this year and 2016 in order to ensure a durable correction of the excessive deficit. The report provides details on the licenses the country is awarding for onshore hydrocarbon exploration and contains information about Croatia’s plan to sell a stake in flagship carrier Croatia Airlines.