Oct. 27 (Bloomberg) -- The Croatian economy is still stagnating after several years of recession and this year isn’t a time to be optimistic about growth, central bank Governor Zeljko Rohatinski said.

“Our growth model, which was based on an influx of foreign capital, has collapsed,” he said in a presentation today in Zagreb.

To contact the reporter on this story: Jasmina Kuzmanovic in Zagreb at jkuzmanovic@bloomberg.net

To contact the editor responsible for this story: Douglas Lytle at dlytle@bloomberg.net