Croatia

M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Slovenian PM denies Bosnian media reports on ‘non-paper’ about dividing Bosnia

Valentina Dimitrievska in Skopje April 14, 2021

Populist premier, who will take over EU rotating presidency in July, is accused of proposing "final disintegration of former Yugoslavia".

Labour demand rebounds in Croatia

bne IntelliNews April 7, 2021

Labour demand reached about 95% of its pre-pandemic level in March, Online Vacancy Index showed.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Croatia’s Rimac Automobili opens R&D bureau in UK

bne IntelliNews March 24, 2021

Electric super-sports car producer sets up in Warwick Enterprise Park, founder Mate Rimac hopes to employ "world-class" British engineers in the field of electrification and future of mobility.

Robot fleet to be deployed at Croatian Atlantic Grupa' logistics centre

bne IntelliNews March 22, 2021

Robots "working side-by-side with people" in Croatian FMCG group's warehouses.

45% of Croatians support euro adoption

bne IntelliNews March 21, 2021

Support has risen since last central bank survey as Croatia progresses towards adoption of the European single currency.

Weekend of protests against corona restrictions in Southeast Europe

bne IntelliNews March 21, 2021

Protesters express anger against tighter restrictions and vaccinations as well as a broad range of local issues in Southeast European cities.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Porsche in talks with Croatia's supercar producer Rimac over Bugatti JV, Volkswagen head says

bne IntelliNews March 17, 2021

Porsche recently upped its stake in Rimac Automobili from 15.5% to 24% after investing an additional €70mn.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

OBITUARY: World’s longest-serving city mayor Milan Bandic dies of heart attack

bne IntelliNews March 1, 2021

Zagreb mayor’s death ahead of local elections this spring has political repercussions at local and national level.

Erste Bank net profit halves to €783mn in 2020

bne IntelliNews March 1, 2021

Austrian lender provisions for COVID-19 downturn but says it does not expect a significant increase in hard defaults after the expiration of debt moratoria in the region.

Croatia and Serbia launch Eurobonds to high investor interest

Eldar Dizdarevic in Sarajevo, Denitsa Koseva in Sofia February 25, 2021

Two Southeast European states take advantage of favourable market conditions to get away oversubscribed bond issues.

Grey economy almost a third of GDP in Bosnia, Montenegro and Serbia

Eldar Dizdarevic in Sarajevo February 23, 2021

Research by Sarajevo-based Center for Policy and Governance shows high levels of undeclared and partially work in Western Balkans and Croatia.

Change to excise rules benefiting cigarette producers linked to future of Croatia's BAT factory

Clare Nuttall in Glasgow February 21, 2021

Plans to hike excise on heated tobacco, benefiting traditional cigarette producers, have been openly linked to the government’s efforts to persuade BAT to keep its Kanfanar factory open.

Croatia’s Photomath raises $23mn funding

bne IntelliNews February 18, 2021

The Photomath app has more than 220mn downloads globally, helping students and parents solve maths problems using a smartphone.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

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