Croatia

CEE Economic Sentiment Indicators fall on polycrisis woes

bne IntelliNews June 30, 2022

The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.

Nato agrees 'fundamental shift' to counter Russia

Robert Anderson in Prague June 29, 2022

Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.

Bulgarians most sceptical in EU about euro adoption, Eurobarometer poll says

bne IntelliNews June 12, 2022

54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.

bneGREEN: Europeans set higher decarbonisation targets to rescue continent’s security

Richard Lockhart in Edinburgh June 10, 2022

A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.

bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE

Richard Lockhart in Edinburgh June 9, 2022

The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets

CONFERENCE CALL: Globsec basks in Putin's humiliation

Robert Anderson in Prague June 6, 2022

In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.

War and soaring prices take toll on Southeast Europe's listed companies

Clare Nuttall in Glasgow June 4, 2022

Even companies without operations in Russia or Ukraine are affected by the supply chain disruptions and hikes in food and energy prices.

EU agrees to delist Russian orthodox leader from sanctions list after Hungarian pressure

bne IntelliNews June 3, 2022

The EU’s sixth sanction package against Russia can finally come into force, a month after it was first proposed.

Croatia set to become the eurozone's 20th member in January 2023

Denitsa Koseva in Sofia June 1, 2022

Croatia has met all conditions to adopt the euro, say new reports from the European Commission and the European Central Bank.

Croatia’s Rimac Group raises €500mn in series D investment round

bne IntelliNews June 1, 2022

Croatian electric hypercar producer valued at over €2bn after funding round led by SoftBank Vision Fund 2 and Goldman Sachs Asset Management.

Three landmark legal verdicts strengthen LGBTI rights in Southeast Europe

bne IntelliNews May 28, 2022

Despite growing anti-LGBTI rhetoric from politicians across Europe, courts in Bosnia, Bulgaria and Croatia issued rulings reinforcing protection for the rights of LGBTI people.

CEE companies weather the COVID-19 crisis

Robert Anderson in Prague May 23, 2022

Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.

EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

Travel tech company OYO acquires Croatia's Direct Booker

bne IntelliNews May 9, 2022

Acquisition to strengthen OYO Vacation Homes’ presence in the strategically important Croatian tourism market.

Where the 11 Southeast European states stand on the Ukraine war

bne IntelliNews May 5, 2022

Southeast Europe is split over the issues of sanctions on Russia and military aid to Ukraine, with some states firmly in the western camp, some staying neutral and others internally torn.

Emerging Europe growth to fall to an average of 3% this year, says wiiw

bne IntelliNews April 28, 2022

Russian GDP forecast to fall by 9-15% this year, while Ukraine's economy could collapse by 38-45%.

Croatia raises €1.25bn from 10-year Eurobond

bne IntelliNews April 14, 2022

Croatia gets away first Eurobond of 2022 despite challenging market conditions.

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