European football clubs have become profitable. The aggregate net profit at the level of all European soccer leagues in the financial year 2017 was EUR615m.
In the middle of April, the Croatian government adopted two key economic policy documents: The National Convergence Program 2019-2022 and the National Reform Program 2019.
Both countries are rapidly moving into a more green energy sources, mainly the solar power, taking advantage of their geographical location and EU funds.
In the past 25 years, exports played an almost dominant role in the economic growth of the Central and Southeast Europe (CSE). In this period Poland strengthened its role as an exporter of intermediate goods.
Poland has recently said it won’t join Eurozone any time soon. So, who from the Central and Southeast Europe (CSE) is in, and who will join the Eurozone, when and why?
A multipolar network of energy hubs is emerging in the Central and Southeast Europe. The political dynamics of the interconnection process, between Russian sources and new sources from the US and elsewhere, leave some nations in better positions than others.
Croatian tourist pearl, Dubrovnik, hosted the 9th 16+1 summit of the Central and Southeast European (CSE) countries and China. The idea was born after the first Economic-Trade Forum in 2011 in Budapest.
The bankrupted company, Agrokor changed its name to Fortenova Group. It means that the creditors’ claims will be transferred to the new group.
Pessimistic economic news from Italy and Germany are starting to have a negative effect in Croatia. In the Q4’18, Italy went into recession, and Germany lowered its economic growth forecast for 2019.
In the first three quarters of 2018, CSE’s combined exports to China totaled USD17.6bn, a record high and up by over 20 per cent y/y. But the region has been racking up a large trade deficit with the Asian nation.