Croatia

Digital lockdown

Clare Nuttall in Glasgow April 8, 2020

Governments in Central and Eastern Europe are using the latest technologies to enforce lockdowns and track anyone suspected of carrying the coronavirus.

ING: How a post-Covid world could look

Carsten Brzeski and Carlo Cocuzzo of ING April 7, 2020

Low interest rates for even longer or maybe even forever, and ballooning government balance sheets will shape the post Covid-19 era. But that's not all. The health crisis may have fundamentally altered the structure of our economy.

Central Europe’s retail boom comes crashing to an end

Clare Nuttall in Glasgow April 6, 2020

Years of consumption-fuelled growth have left Central European states with large retail sectors that are now facing a coronavirus-related slump. It’s set to get even worse once the initial urge to stockpile wears off.

Albania and Montenegro to suffer huge tourism losses due to coronavirus warns S&P

Valentina Dimitrievska in Skopje April 2, 2020

Small "Sun, Sea, and Sand" island destinations to be the worst affected by slowdown in global tourism flows this year, followed by Central and Eastern Europe, rating agency says.

EBRD reveals CEE/Eurasia economies’ vulnerability to external shocks amid coronavirus crisis

bne IntelIiNews April 1, 2020

Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.

Dramatic fall in pollution in European coronavirus hotspots but business as usual in the Balkans

Clare Nuttall in Glasgow March 31, 2020

Unlike coronavirus-stricken countries such as Italy, the pandemic has had little impact on air pollution levels in the Western Balkans.

Balkans have some of the world’s strictest anti-coronavirus measures

bne IntelliNews March 31, 2020

Oxford University researchers look at the steps taken to contain the spread of COVID-19.

Coronavirus threat pushes businesses online

Clare Nuttall in Glasgow March 30, 2020

From enabling their employees to work from home to offering new e-commerce services, companies in Central and Southeast Europe are moving their operations online in response to the coronavirus pandemic and associated lockdowns.

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.

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.

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.

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