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.
Beijing reportedly set up dozens of police stations around the globe to monitor and repatriate Chinese citizens
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.
Croatia’s spectacular performance in the 2018 World Cup was accompanied by a consumer spending boom.
Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Austria and Sweden are expected to veto enlargement of the Schengen are to Romania and Bulgaria at the EU Council meeting in December.
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.
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.
Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.
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.
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.
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
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?
Croatia, Montenegro and Slovenia have been relatively resilient to the crisis this year, though a slowdown looms in 2023.
Following international sanctions imposed after the invasion of Ukraine, Sberbank has been seeking to sell its stake in Croatia's largest private company.
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.
Croatian opposition parties have urged Prime Minister Andrej Plenkovic to resign after the anti-corruption body charged four of his former ministers.
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.
Unicef research shows the impact has fallen disproportionately on children, with sharp increases in child poverty across Eastern Europe and Central Asia.