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Croatia, an upper middle-income country and a full-fledged
market economy, gained independence in 1991 and attained
candidate status for European Union (EU) membership in June
2004. On March 17, 2005, Croatia received EU approval for its
Accession Negotiating Framework. Following that, the country
began accession talks in October 2005 and hopes to join the EU
around the year 2009. Its main development objective is to reach
75 percent of the EU's average per capita income by 2013.
Currently, gross national income per capita of $8,060 (GNI,
Atlas method) stands at around 50 percent in purchasing parity
terms.
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