Croatia

Croatia to pay $235mn arbitration award to MOL

bne IntelliNews February 2, 2023

Croatia will pay MOL $235mn after losing a series of arbitration and legal hearings over the 2009 deal that allowed MOL to obtain a dominant position in INA.

RBI's 2022 profits soar to €3.6bn, with Russian operations representing more than half

bne IntelliNews February 1, 2023

The Austrian lender, which has become more and more reliant on its Russian business over the years, is still rethinking its presence in the country.

Russian gas pipe flow dips to record low in January

bne IntelliNews February 1, 2023

Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.

Only Hungary and Russia heading for recession in 2023 as Emerging Europe shows its resilience

Clare Nuttall in Glasgow February 1, 2023

wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.

Croatian president creates furore by equating Crimea to Kosovo

bne IntelliNews January 30, 2023

President Zoran Milanovic says Kosovo was “forcibly taken” from Serbia, and argues against tanks and military aid for Ukraine.

M&A in Emerging Europe fell by 20% to €32.93bn in 2022

bne IntelliNews January 30, 2023

The weak macroeconomic backdrop and the spectre of possible recession are likely to stifle M&A in the coming months, according to the annual CMS/Emis Emerging Europe M&A Report.

VISEGRAD BLOG: When Eastern European states speak out they are now listened to

Robert Anderson in Prague January 26, 2023

The countries on Nato’s eastern flank believe they are now leading the debate on how to confront the Kremlin, as demonstrated by the row over supplying modern battle tanks to Ukraine.

Rural parts of Bulgaria and Croatia suffer Europe’s deepest long-term population loss

bne IntelliNews January 22, 2023

Three mainly rural regions of Croatia and Bulgaria suffered the deepest population decline across the European Union between 2015 and 2020, a compilation of data from the EU’s statistics office Eurostat shows.

bneGREEN: IEA five-point action plan could avoid a new European energy crisis this year

Ben Aris in Berlin January 18, 2023

Europe faces another energy crisis that may start in the summer, leading gas and power prices to spike again. Europe won this winter’s battle in the energy war with Russian President Vladimir Putin, but will receive even less gas than last year.

Gas, panic in 2023

Ben Aris in Berlin January 18, 2023

Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.

EBRD invests record €13.1bn into its region in 2022

bne IntelliNews January 15, 2023

The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.

bneGREEN: Renewables to overtake coal in electricity generation soon

Martin Armstrong for Statista January 12, 2023

Hundreds of protesters currently trying to halt the continued development of a coal mine in Germany – which would involve the destruction of the now abandoned village of Lützerath – are putting pressure on the government to phase out coal use.

Croatia’s PM sacks two ministers over sluggish post-earthquake reconstruction

bne IntelliNews January 12, 2023

Reconstruction work has been slow after the two devastating earthquakes that hit Croatia in March and December 2020.

NEMETHY: Key economic and financial drivers to watch in 2023

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors January 10, 2023

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.

Croatians start shopping in neighbouring Slovenia after euro price hikes

bne IntelliNews January 10, 2023

Croatian Peasant Party leader Kreso Beljak says "shameful" price hikes after eurozone entry mean prices are now much higher than in Slovenia.

OUTLOOK 2023: Southeast Europe

bne IntelliNews January 9, 2023

The war in Ukraine had a seismic effect on the security, political and economic landscape of Southeast Europe.

bneGREEN: Warm weather halts ski season at Southeast Europe's mountain resorts

bne IntelliNews January 5, 2023

Unusually warm weather and the lack of snow have forced many ski resorts in Southeast Europe to delay the start of the winter season.

January temperature records broken across Europe

Anna Fleck for Statista January 5, 2023

Eight countries in Europe recorded all-time high temperature records for January on New Year’s Day this year. The following data draws from the visualization of meteorologist Scott Duncan and reports by the BBC, Statista reports.

Croatia’s blue-chip index reaches highest level since August

bne IntelliNews January 4, 2023

CROBEX index makes strong start to 2023 as Croatia joins Eurozone and Schengen area.

Croatia’s government threatens to blacklist retailers who hike prices during switch to euro

bne IntelliNews January 3, 2023

Economy minister says vendors won't get away with hiking prices after euro adoption, but retailers blame high inflation for price increases.

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