Slovenian government is planning to build a second unit of the Krško nuclear power plant. The jointly owned by Slovenia and Croatia Krško NPP was built by the US Westinghouse and began operating in 1981.
In mid-September, the Supreme Court of Croatia ruled that "the banks violated the collective interests and rights of the loan holders of CHF-denominated loans." Banks had violated clients' rights "by using unfair and harmful contract provisions."
Central banks may use conventional or unconventional forms of monetary policy. Whichever is chosen by the European Central Bank (ECB) it influences all Central and Southeast European (CSE) countries.
Germany sank into a technical recession in the Q2’19, its GDP fell 0.1 per cent. It worries most of the Western Balkan countries, as they depend on German economy.
For almost three years Croatia is trying to renationalize its major oil&gas company INA. Hungarian MOL is the major shareholder with 49.1 per cent of shares, while the Croatian government has 44.8 per cent of shares.
Serbia began its first moves towards the economic unification of the Balkan countries. The idea of an economic "new business deal for the Balkans" not only exists, but it is also presented in the important places in Europe.
Croatia slowly begins to understand that relying on a single sector, such as tourism, is not the best formula for a sustainable development. The share of industry exports in total Croatian exports is among the lowest within the new EU member states.
Tourism is a major industry in Croatia. In 2018, Croatia had 18.4 million tourists and 110.3 million overnight stays. It’s responsible for around 20 per cent of Croatian GDP.
On its path to Eurozone membership Croatia has taken the important step of filing a formal application to join the EU's Exchange Rate Mechanism, or ERM II. But doubts whether introducing the EUR is a good or a dangerous thing exist.
European Statistical Office (Eurostat) published two key comparative data on the development of European Union member states, based on which the so-called "convergence" is estimated.