Croatian Gas Market Facing Challenges after some Liberalisation

Unlike the Western European market, which has diversified supply routes and developed an infrastructure, South Eastern Europe lacks interconnection with a bi-directional flow and access to the LNG market. National markets are relatively small and transmission networks are not harmonised, from a technical and legal point of view. The entire region also depends on one source of gas — Russia. Realising the set goals under such conditions is a complex and time consuming process. Continue reading Croatian Gas Market Facing Challenges after some Liberalisation

The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects

The European Commission has been preparing a technical communication that focusses on waste-to-energy (WtE). It aims to explore the opportunities this offers, particularly with regard to the synergies between resource and energy efficiency. The communication was scheduled to be published at the end of 2016 together with the reviewed Renewable Energy Directive. Continue reading The CEE Region Is Making Advances in Prioritising Waste-to-Energy Projects

Are Labour Shortages Driving Economic Growth?

The global economic environment continues to be challenging. The ‘wounds’ inflicted by the global financial crisis of 2008 have not yet healed completely and world economic growth remains rather subdued. This particularly applies to the advanced countries and especially to the Euro Zone, which is the most important trading partner for the Eastern European countries.  Continue reading Are Labour Shortages Driving Economic Growth?

Non-Financial Reporting No Longer a Secondary Consideration in CEE

The number of non-financial reports is growing and according to the Global Reporting Initiative (GRI), around 5,000 sustainability reports enter the global market, annually with 40 per cent out of those coming from Europe. A group of strong leaders, in non-financial reporting, has already been established in Central and Eastern Europe. The Deloitte CE Top 500 ranks the largest companies from CEE countries and 109 of them already have some form of non-financial reporting in place or at least will report non-financial data for 2015.

Continue reading Non-Financial Reporting No Longer a Secondary Consideration in CEE

Two And a Half Years Since Croatia Joined the EU, And What Now?

Last week the Croatian Permanent Representation in Brussels organised the first gathering of Croat nationals working in the EU institutions. The first networking event, regularly organised by other perm reps as well, came 2.5 years after the country’s membership in the Union. It was a beautiful sight to see — a couple of hundred young, bright, and motivated colleagues. The overall feeling was “a bit late, could have been done earlier, but ok, the Perm Rep is getting there”. Continue reading Two And a Half Years Since Croatia Joined the EU, And What Now?

The New Prime Minister Has the Important Goal Of Cutting the Budget Deficit

On January 22 2016, the Croatian Parliament finally ratified the new government giving it its necessary political legitimacy. This comes amid a daunting two and a half month post-election negotiation process between three parties (SDP, HDZ and MOST), in which the word turmoil can hardly describe the suspense, excitement and discontent amongst the media, the public, and the politicians themselves. Continue reading The New Prime Minister Has the Important Goal Of Cutting the Budget Deficit

2016 — a Year Of Revival In the Croatian Real Estate Market

Croatia has officially overcome the economic crisis, with GDP displaying growth, albeit modest, for the third consecutive quarter. The GDP recovery is a result of numerous factors including trade partners’ recovery, the oil price slump, a record tourist season, personal income tax cuts and the relief that low interest rates have leveraged on households and firms. Continue reading 2016 — a Year Of Revival In the Croatian Real Estate Market

Croatia Is the Link Between the Capital Markets Of the Western Balkans And the EU

Business has no borders, but in order to function well it needs links. Croatia is ideally located to provide those links between the European Union and the Western Balkans. Infrastructural connections are already in place. Now it’s time for Croatia to increase the role it can play in connecting capital markets. Continue reading Croatia Is the Link Between the Capital Markets Of the Western Balkans And the EU