Ranking of fastest growing CEE tech companies led by Lithuania’s Voltas IT includes 31 new entrants reflecting hyper rapid pace of tech sector development in the region.
Compulsory new measures introduced after banks ignored central bank’s recommendations, allowing consumer credits to surge despite the recent slowdown in economic activity.
Fall in volume and value of deals revealed in CMS/Mergermarket report is in line with decline seen across Europe as economic slowdown, Brexit uncertainty and global trade wars hit sentiment.
Slovenian national carrier Adria Airways's decision to file for bankruptcy followed the demises of a series of other European airlines against the underlying trend of an air transport market in the throes of consolidation.
Slovenian Economy Minister Zdravko Pocivalsek warned earlier that the financial hole in the company is much larger than expected. Local media estimate Adria's debts at €90mn.
Adria says it is "intensively searching for solutions" with potential investors, as it suspends flights for two days.