Croatia

Small countries in Balkans and South Caucasus most exposed to tourism industry collapse

bne IntelliNews March 26, 2020

No one knows if there will be a summer tourism season at all in 2020, which is bad news for the countries that generate around a quarter of their GDP from the sector.

Coronavirus infections accelerate in several Southeast European countries

bne IntelliNews March 26, 2020

The growth in the number of confirmed COVID-19 cases has accelerated recently in Croatia, Romania and Serbia.

Capital Economics slashes CEE growth forecasts for 2020 to -2% y/y

bne IntelliNews March 25, 2020

Economic consultancy Capital Economics has slashed its growth forecast for the Central and Eastern Europe (CEE) to a 2% y/y contractions from the previous 2.3% expansion in 2020, as a result of the coronavirus.

Coronavirus epidemic approaches exponential growth stage in some CEE countries

Clare Nuttall in Glasgow March 24, 2020

Cases have doubled in less than three days in several countries in the region, as governments desperately fight back with lockdowns.

Series of earthquakes shake Zagreb

bne IntelliNews March 22, 2020

Earthquakes strike close to Zagreb as number of new coronavirus cases is starting to accelerate. Authorities urge Croatians forced out of their homes to avoid gathering to prevent spread of the virus.

Coronavirus crisis to widen rich/poor gap within Central and Eastern Europe

Clare Nuttall in Glasgow March 19, 2020

Convergence to be reversed as the economic crisis resulting from the coronavirus pandemic is set to be deeper and longer in the CIS, Ukraine, Turkey and the Western Balkans than in the EU member states of Central and Southeast Europe.

THE MITTELEUROPEAN VIEW: Looking for LUV — what shape will Europe’s recovery from this existential crisis be?

Gunter Deuber of Raiffeisen Research in Vienna with support from colleagues in Vienna & across the CEE region March 18, 2020

There is a new acronym in the economists' lexicon: VUCA. It is short for “Volatile, Uncertain, Complex and Ambiguous” as pundits are struggling to explain a crisis that is coming at us from all sides simultaneously.

wiiw slashes 2020 growth forecast for CESEE to just 1.1%

Clare Nuttall in Glasgow March 17, 2020

Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.

Zagreb stock exchange ordered to halt trading after main index slumps

Clare Nuttall in Glasgow March 12, 2020

The CROBEX dropped by over 10% shortly after trading opened, with the biggest fall in value reported by Arena Hospitality Group as the coronavirus crisis hits Croatia's large tourism sector.

Underpopulated Croatian region offers €0.13 homes to woo workers

bne IntelliNews March 10, 2020

As mass emigration results in a labour market squeeze, local authorities are offering homes to young families who commit to live in the area for at least 15 years.

Croatia’s CROBEX index slumps, trading temporarily suspended

bne IntelliNews March 9, 2020

The fall in the CROBEX came on a day of chaos on the international exchanges amid a slump in oil prices and the economic disruption caused by efforts to contain the coronavirus.

CEE/CIS populations believe in gender equality in education but not in business or politics

Clare Nuttall in Glasgow March 8, 2020

More than 100 years since International Women’s Day was declared a national holiday in post-revolutionary Russia, a new survey from the UNDP reveals gender bias is still widespread across the region.

Croatia’s GDP up 2.5% y/y in 4Q19 first release shows

bne IntelliNews March 3, 2020

Croatia’s quarterly GDP increased by 2.5% year-on-year in the final quarter of 2019, according to a first release from the Croatian Bureau of Statistics (DZS). For the full year, GDP in real terms increased by 2.9% in 2019.

Bulgaria tightens controls on border with Turkey

Denitsa Koseva in Sofia March 1, 2020

Sofia reinforced its borders after reports that hundreds of migrants were heading to Turkey's borders with Greece and Bulgaria.

Main Central, Southeast Europe markets drop as series of coronavirus cases confirmed

bne IntelliNews February 28, 2020

Smattering of confirmed cases seen as a precursor to a wider outbreak anticipated in the region in the coming weeks.

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