OBITUARY: World’s longest-serving city mayor Milan Bandic dies of heart attack

bne IntelliNews March 1, 2021

Zagreb mayor’s death ahead of local elections this spring has political repercussions at local and national level.

Erste Bank net profit halves to €783mn in 2020

bne IntelliNews March 1, 2021

Austrian lender provisions for COVID-19 downturn but says it does not expect a significant increase in hard defaults after the expiration of debt moratoria in the region.

Croatia and Serbia launch Eurobonds to high investor interest

Eldar Dizdarevic in Sarajevo, Denitsa Koseva in Sofia February 25, 2021

Two Southeast European states take advantage of favourable market conditions to get away oversubscribed bond issues.

Grey economy almost a third of GDP in Bosnia, Montenegro and Serbia

Eldar Dizdarevic in Sarajevo February 23, 2021

Research by Sarajevo-based Center for Policy and Governance shows high levels of undeclared and partially work in Western Balkans and Croatia.

Change to excise rules benefiting cigarette producers linked to future of Croatia's BAT factory

Clare Nuttall in Glasgow February 21, 2021

Plans to hike excise on heated tobacco, benefiting traditional cigarette producers, have been openly linked to the government’s efforts to persuade BAT to keep its Kanfanar factory open.

Croatia’s Photomath raises $23mn funding

bne IntelliNews February 18, 2021

The Photomath app has more than 220mn downloads globally, helping students and parents solve maths problems using a smartphone.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

Croatia's M+ Group buys 51% stake in software firm Bulb for €7mn

bne IntelliNews February 9, 2021

Private equity backed M+ Group takes over Bulb as part of plans to globalise its business.