Croatia

Agrokor seeks more time to reach deal with creditors

bne IntelliNews February 16, 2018

Stricken Croatian food and retail giant wants three-month extension as it seeks to restructure around €5.5bn worth of debt.

Top Croatian officials welcome Serbia’s president amid protests

bne IntelliNews February 13, 2018

Past conflicts loom large as Croatia's Kolinda Grabar Kitarovic and Serbia's Aleksandar Vucic meet in Zagreb.

Bulgaria has Europe’s largest grey economy, IMF says

bne IntelliNews February 8, 2018

The shadow economy accounts for almost 30% of Bulgaria's GDP, higher than in any other European country, finds a new IMF report.

COMMENT: Export credit agencies lurk in the shadows of responsible financing

Dan Heuer of Bankwatch February 5, 2018

If sunlight is the best disinfectant, then export credit agencies need to step into the daytime, argues a new study of ECAs in Central and Eastern Europe.

Growth of Croatian retail sales slows in December

bne IntelliNews January 30, 2018

Croatia's working day adjusted retail sales rose by 1.4 y/y in real terms December, slowing from 5.7% y/y in November, according to data from the statistics bureau released on January 30.

M&A in Emerging Europe fell 17% in 2017 to €71.5bn, according to CMS/EMIS report

bne IntelliNews January 24, 2018

China becomes biggest foreign dealmaker in the region, making €7.7bn of acquisitions, up 78%.

Strabag complains about “unusually low prices” in rival’s bid to build Peljesac bridge

bne IntelliNews January 24, 2018

Controversy erupts over Croatian decision to select a consortium led by China Road and Bridge Corporation to build the bridge for €274mn.

Share of NPLs falls in EU but still at high levels in SEE

bne IntelliNews January 23, 2018

NPLs have been a severe problem in both Central and Southeast Europe since the global financial crisis, and remain particularly high in Bulgaria, Croatia and Slovenia.

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