EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

Travel tech company OYO acquires Croatia's Direct Booker

bne IntelliNews May 9, 2022

Acquisition to strengthen OYO Vacation Homes’ presence in the strategically important Croatian tourism market.

Where the 11 Southeast European states stand on the Ukraine war

bne IntelliNews May 5, 2022

Southeast Europe is split over the issues of sanctions on Russia and military aid to Ukraine, with some states firmly in the western camp, some staying neutral and others internally torn.

Emerging Europe growth to fall to an average of 3% this year, says wiiw

bne IntelliNews April 28, 2022

Russian GDP forecast to fall by 9-15% this year, while Ukraine's economy could collapse by 38-45%.

Croatia raises €1.25bn from 10-year Eurobond

bne IntelliNews April 14, 2022

Croatia gets away first Eurobond of 2022 despite challenging market conditions.

EBRD slashes 2022 growth forecasts but only nations embroiled in war to enter recession

Clare Nuttall in Glasgow March 31, 2022

Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.

The EC Economic Sentiment Index tumbles in March and price rise expectations hit record levels

bne IntelliNews March 30, 2022

European economic sentiment took a hit in March, falling in seven of the ten most important economies, as the war in Ukraine and the economic impact of extreme sanctions on Russia drive up inflation and disrupt supply chains.

COMMENT: Roma civil society can learn from both mistakes and local successes to make inclusion work

Andrew Ryder, Nidhi Trehan, Marius Taba March 22, 2022

There is deep disappointment over the rate of progress of various Roma inclusion policies of the European Union during the last few decades.

Eastern EU member states divided over sanctions on Russian oil and gas exports

bne IntelliNews March 18, 2022

Central and Southeastern European countries are among the most vulnerable to any cut-off in Russian energy exports, but this has not stopped some of them from being very vocal in demanding tougher action.

Croatia, Italy and Slovenia to create cross-border hydrogen valley

bne IntelliNews March 15, 2022

Three countries to promote the development of hydrogen technologies as they aim to reach climate neutrality by 2050.

Serbians blame US and Nato for Ukraine war

bne IntelliNews March 14, 2022

A majority of Serbians blame the US and Nato for the war in Ukraine, while just over a quarter blame Russia, a new poll shows.

Croatia questions Nato effectiveness after mystery drone crash

Denitsa Koseva in Sofia March 12, 2022

Soviet-made drone from the war in Ukraine crashed in Zagreb after crossing two other Nato members undetected.

Ukrainian IT company moves offices from ‘pro-Russian’ Serbia to Croatia

bne IntelliNews March 9, 2022

Intellias decided to move its delivery centre from Serbia's Novi Sad to Zagreb, saying government responses to the events in Ukraine are “extremely important to us”.

CEE's arms industry seeks to profit from new Cold War

bne IntelliNews March 8, 2022

Central and Eastern Europe’s arms industry should also benefit from the shift of defence up the list of political priorities.

Sber cuts loose its European operations

Robert Anderson in Prague March 2, 2022

The Russian bank's Central and Southeastern European operations are being quickly sold to other banks or wound down.

Clients of Croatian Sberbank unit rush to withdraw cash

bne IntelliNews February 28, 2022

Long queues reported outside Croatian Sberbank as war and sanctions raised fears of collapse among customers, even ahead of ECB warning over Sberbank's European operations.

Southeast Europe’s markets plunge on news of Ukraine invasion

bne IntelliNews February 24, 2022

Stock prices plunged across Southeast Europe on February 24 as news broke of Russia’s invasion of Ukraine in the early hours of the morning.

Slovenia proposes offering EU perspective for Ukraine as most of Southeast Europe condemns Russian actions

bne IntelliNews correspondents in Southeast Europe February 23, 2022

Serbia and Republika Srpska profess neutrality over conflict in eastern Ukraine, despite reports of pressure on Belgrade to back western sanctions on Russia.

Croatian police arrest construction minister for abuse of office

bne IntelliNews February 19, 2022

Criminal investigation also targets other current and former ministers.