ViennEast Compass: CESEE outlook, planning for new normal

Marcus How of Vienneast in Vienna August 3, 2020

There is no end to the COVID-19 pandemic in sight, but the new normal that will emerge could benefit the countries of Central Eastern and Southeastern Europe (CESEE), due to the new opportunities that will arise.

Croatia’s retail trade revives in June as restrictions lifted

bne IntelliNews July 31, 2020

Trade in non-food products grew by 11.9% compared to May, despite a slump in the value of automotive fuels and lubricants sales.

Albania has some of the least affordable internet in the world

bne IntelliNews July 29, 2020

Online security specialist Surf Shark measured how much time people need to work to be able to afford an internet connection.

Croatian tourist arrivals pass 2mn mark in July

bne IntelliNews July 28, 2020

Visitor numbers from Germany, Slovenia, Poland and the Czech Republic nearly as high as last year, raising hopes of a respectable tourist season despite the pandemic.

EU leaders strike deal on post-coronavirus stimulus plan

bne IntelliNews July 21, 2020

European Union leaders reached agreement on a massive stimulus plan for the bloc’s economies in the early hours of July 21, after almost five days of intense talks. 

Contraction of tourism sector drags down employment in Croatia

bne IntelliNews July 20, 2020

The sharpest y/y drop in employment was in the accommodation and food service sector, even though Zagreb has encouraged tourist visits post-lockdown.

Corona vote gambles pay off for incumbents

Clare Nuttall in Glasgow July 17, 2020

Timing is everything as politicians seek to take advantage of poll boosts from steering their countries through the pandemic and launching stimulus packages, before populations really feel the impact of the crippling economic recessions.

COMMENT: After ERM2 entry is before the very fiddly euro entry path

Gunter Deuber of Raiffeisen Research in Vienna July 16, 2020

Euphoria greeted the long-awaited accession of Bulgaria and Croatia to ERM2 and the ECB-led Banking Union last week, but an intense period of further reforms lies ahead for the two countries.

Young Croatians top EU for digital skills

bne IntelliNews July 15, 2020

Close to 100% of young Croatian adults have basic or above basic digital skills, more than in any other EU country, a compilation of data from Eurostat showed.

Spotify to enter Russia, other emerging Europe markets in new expansion drive

bne IntelliNews July 15, 2020

In Russia, the move by Spotify will put pressure on local internet majors Yandex and Group that also offer music streaming services.

Bulgaria and Croatia accepted into ERM2

Denitsa Koseva in Sofia July 11, 2020

The two Southeast European countries must spend at least two years in the Exchange Rate Mechanism to become members of the eurozone in what will be its first enlargement since 2015.

HDZ’s Andrej Plenkovic ready to form new government in Croatia

bne IntelliNews July 6, 2020

Plenkovic promises speedy formation of new government after Croats opt for continuity in general election.

Preliminary results show clear victory for HDZ in Croatian general election

bne IntelliNews July 5, 2020

If confirmed by the final results, PM Andrej Plenkovic's HDZ would fall short of an absolute majority but be in a strong position to form a new government.