Croatia
Changed travel patterns give the eastern Adriatic a strong summer season
There were some major changes in the source countries of travellers to the region as the continued coronavirus threat forced people to switch to different holiday destinations.
CEE needs to speed up transition to new growth model, argues GLOBSEC report
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
CEE/SEE countries unite in defence of nuclear power
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
Croatian banks to invest up to €100mn to adjust IT systems for euro adoption
Croatia is preparing to adopt the single European currency and the government hopes it will join the Eurozone at the beginning of 2023.
Croatia’s central bank lifts 2021 GDP growth forecast to 8.5%
The much higher forecast is based on better-than-expected performance of the tourist sector during the summer season, and the strong growth of exports.
Croatia reports dozens of state-sponsored cyber attacks in 2020
Most attacks were attempts to break into the information and communication systems of the foreign and European affairs ministry and the defence ministry.
Croatia’s Span starts trading after first IPO by local IT company on Zagreb exchange in 18 years
Span raised €13mn to fund its expansion in Croatia and abroad.
Backlash against efforts to force citizens to get vaccinated in Southeast Europe
As low vaccination rates facilitated a new wave of the pandemic, governments are barring entry to malls, night clubs and other venues to those without a coronavirus certificate.
Croatia's inflation reaches 3.1% in August
Inflation accelerated driven by food prices, in line with an increase in prices seen across the emerging Europe region.
Radical right Sovereignists vow to force referendum over Croatia’s euro adoption
As Croatia moves towards euro adoption, Croatian Sovereignists are preparing to battle to defend the kuna.
Croatia’s economy to grow by 5.4% in 2021, IMF says
Croatia’s economy is expected to post robust growth in 2021 and 2022 mainly thanks to the recovery of the services sector.
Croatia, Serbia and Ukraine were emerging markets with biggest upgrades from Fitch over last five years
The three emerging Europe countries bucked the overall trend of declining Long-Term Foreign-Currency Issuer Default Ratings seen across emerging markets.
GLOBSEC: No debt ratio is safe for small EU countries
Targeted EU fiscal rule reform is desirable but should consider the inherent risks for smaller member states.
Strong summer tourism season to boost Adriatic economies
Croatia, Montenegro, Albania and Slovenia are reporting that visitor numbers are close to the pre-pandemic year of 2019.
Croatia’s retail trade lifted by strong tourism season
Retail trade turnover increased in Croatia by 12.8% annually and by 2.2% in monthly terms in July.
Political rifts stymie efforts to fight wildfires in Bosnia
Local mayor files criminal complaint against President Milorad Dodik after he blocked requests to send army helicopters to put out fires.
First restaurant with food prepared by robotic chefs to open in Zagreb
Croatia-based GammaChef robots are capable of preparing one-pot dishes.
THE VIEW FROM MITTELEUROPA: Reflections on Metternich and the Austrian Balkans
The region that comprised the former Yugoslavia has strongly influenced Austria and continues to do so.
Croatian Bazzar receives growth equity investment from EMMA Capital Group
Investment to be used to strengthen Bazzar’s market position in Croatia and expand to international markets.
Deutsche Bahn Digital Ventures joins Croatian robotics firm Gideon’s Series A funding round
Funding round will accelerate the development and commercialisation of Gideon Brothers’ AI & 3D vision-based autonomous mobile robots.
