Croatia

CESEE banks expect credit conditions to tighten and NPLs to rise

bne IntelliNews December 7, 2022

With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.

Croatia and Serbia deny secret Chinese police presence

bne IntelliNews December 5, 2022

Beijing reportedly set up dozens of police stations around the globe to monitor and repatriate Chinese citizens

Foreign investment has transformed Eastern Europe, says wiiw report

Robert Anderson in Prague December 2, 2022

Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.

Will Croatia’s latest shot at World Cup glory ease economic slowdown?

bne IntelliNews December 1, 2022

Croatia’s spectacular performance in the 2018 World Cup was accompanied by a consumer spending boom.

Poland scrapes through to World Cup’s last 16 after humbling defeat by Argentina

Wojciech Kosc in Warsaw December 1, 2022

Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.

bneGREEN: EU energy ministers agree to speed up permitting and deployment of renewables temporarily

Roberta Harrington in London November 29, 2022

A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.

Austrian chancellor confirms support for Croatia’s Schengen entry, but not Bulgaria’s or Romania’s

bne IntelliNews November 25, 2022

Austria and Sweden are expected to veto enlargement of the Schengen are to Romania and Bulgaria at the EU Council meeting in December.

bneGREEN: ING: Euro sustainable bond supply set to stagnate in 2023

Nadège Tillier is Head of Corporates Sector Strategy at ING, Maureen Schuller is head of financials sector strategy at ING, Benjamin Schroeder is a Senior Rates Strategist at ING November 23, 2022

Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.

Schengen decision looms for Bulgaria, Romania and Croatia

bne IntelliNews November 23, 2022

As hopes of a positive decision on December 8 fade, the three Southeast European countries are making a final push to persuade Schengen members to admit them.

Orban sparks diplomatic storm with football scarf featuring Greater Hungary

Tamas Csonka in Budapest November 23, 2022

Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.

Ukraine faces one of worst declines in GDP from a war, says EBRD

Robert Anderson in London November 22, 2022

The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.

EBRD warns of risk of 'zombification'

Robert Anderson in London November 22, 2022

Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.

Private equity poised for growth surge in CEE despite macro and geopolitical crises

Clare Nuttall in Glasgow November 16, 2022

Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.

NEMETHY: The cure for high prices is – high prices

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors November 15, 2022

Prices are important economic signals. High prices – whether for energy foodstuffs, etc., are signals to the world to (a) supply more; (b) substitute; or (c) conserve. But how do you bring inflation down?

DATACRUNCH: Three small Southeast European economies are outperforming Emerging Europe

bne IntelliNews November 14, 2022

Croatia, Montenegro and Slovenia have been relatively resilient to the crisis this year, though a slowdown looms in 2023.

Croatia to seek sanctions for two businessmen involved in sale of Sberbank's Fortenova stake

bne IntelliNews November 8, 2022

Following international sanctions imposed after the invasion of Ukraine, Sberbank has been seeking to sell its stake in Croatia's largest private company.

Fitch makes sharp upward revision to Croatia’s 2022 GDP growth forecast

bne IntelliNews October 29, 2022

Fitch now predicts 6.1% growth this year, up from 3.3% forecast previously, which reflects Croatia’s faster-than-expected growth in 1H22 and solid summer tourism season.

Croatia’s PM under pressure to resign after ex-ministers charged for corruption

bne IntelIiNews October 27, 2022

Croatian opposition parties have urged Prime Minister Andrej Plenkovic to resign after the anti-corruption body charged four of his former ministers.

Emerging Europe is growing faster than expected this year but will stagnate in 2023, says wiiw

Robert Anderson in Prague October 20, 2022

For 2023 the wiiw has revised its forecasts down, and overall Emerging Europe growth will average just 0.3%, barely above the 0.2% predicted for the Eurozone.

Economic damage from Ukraine war pushing households into poverty across Emerging Europe

Clare Nuttall in Glasgow October 19, 2022

Unicef research shows the impact has fallen disproportionately on children, with sharp increases in child poverty across Eastern Europe and Central Asia.

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