Croatia

CEE needs to speed up transition to new growth model, argues GLOBSEC report

bne IntelliNews October 12, 2021

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

bne IntelliNews October 12, 2021

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

bne IntelliNews September 30, 2021

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%

bne IntelliNews September 30, 2021

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

bne IntelliNews September 27, 2021

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

bne IntelliNews September 23, 2021

Span raised €13mn to fund its expansion in Croatia and abroad.

Backlash against efforts to force citizens to get vaccinated in Southeast Europe

bne IntelliNews September 21, 2021

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

bne IntelliNews September 18, 2021

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

bne IntelliNews September 14, 2021

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

bne IntelliNews September 13, 2021

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

bne IntelliNews September 13, 2021

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

Ivan Šramko and Sona Muzikarova September 10, 2021

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

bne IntelliNews September 7, 2021

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

bne IntelliNews August 30, 2021

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

bne IntelliNews August 16, 2021

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

bne IntelliNews August 15, 2021

Croatia-based GammaChef robots are capable of preparing one-pot dishes.

THE VIEW FROM MITTELEUROPA: Reflections on Metternich and the Austrian Balkans

Marcus How in Vienna August 11, 2021

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

Eldar Dizdarevic in Sarajevo August 10, 2021

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

bne IntelliNews August 10, 2021

Funding round will accelerate the development and commercialisation of Gideon Brothers’ AI & 3D vision-based autonomous mobile robots.

Erste Group revises upwards CEE region’s 2021 growth outlook

bne IntelliNews August 2, 2021

CEE lender cites region’s outstanding resilience during the pandemic and the expected positive impact from the EU’s recovery fund.

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