Land titles reform

Land titles reform – Sisyphean task for how much longer?

Land titles reform remains a challenge in Croatia. Is it time to take a different approach and consider a land tax?

Local government reform. Does size matter?

Local government reform focussed on cost alone misses the point. How to improve effectiveness and assist marginal and border areas to develop are also important aspects to consider.
Elections in Croatia and Serbia reflect regional diversity

Election outcomes demonstrate diversity of Southeast Europe

Recent elections in Croatia and Serbia once more demonstrated the diversity of Southeast Europe
Policy focus bring two pieces of good news for Croatia

Policy focus behind Croatia’s day of good news

The ECB's positive AQR for Croatian banks and Fitch reaffirming Croatia's investment grade rating with stable outlook underlines the importance of defining long term policy goals and implementing them.
Differing policy response options underline diverse nature of South East Europe

Coronavirus exposes the extent of diversity in South East Europe

The coronavirus pandemic means the whole of South East Europe will experience a deep recession. Difference starting points, constraints and policy choices underline the diversity of the region.

Coronavirus and the Chernobyl disaster: how governance has improved

The difference in response to the coronavirus outbreak and the Chernobyl disaster in 1986 shows how much governance has improved in Croatia

South East Europe’s economies: greater uncertainty in 2020

Another year of growth while debt is rising means the global economy is exposed to increasing risk in 2020. South East Europe is better placed for a downturn than in 2008, but that readiness is not uniformly distributed

Joining the euro: the fear of inflation is overdone

Fear of inflation when joining the euro is an everpresent, yet overdone sentiment. Many other factors are in play in determining inflation outcomes but the advent of a new currency tends to mask them.

Regional differences to become evident as uncertainty in the global economy rises

How will the growing uncertainty surrounding global economic prospects impact on South East Europe? IMELUM's current Macroeconomic Quarterly provides an in depth look at the risks and opportunities facing the region.

Croatia: Long term factors come into play as GDP growth accelerates

Participation in the EU's single market is driving the integration of local companies into European and global supply chains, gradually increasing absorption of EU is supporting investment, while the reduction in the country's risk profile has seen a return to investment grade status, thus lowering funding costs for the economy. These are all structural, as opposed to cyclical, reasons for optimism Croatia's growth potential.