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Nov 14
Greece’s October CPI Up 3.4% YoY

Greece’s October CPI increased 3.4% YoY, the country’s statistical office said. Compared to a month earlier, October inflation increased by 0.6%. The 3.4% increase of the overall CPI in October is mainly due to the increase of 9.9% of food and non-alcoholic beverages and 5.6% increase of health services among others, the statistical office said. […]

Nov 14
North Macedonia’s 2022 GDP Rises by Real 2.2% – Preliminary results

North Macedonia’s 2022 GDP rose by a nominal 10.1% and increased by a real 2.2% to 803,141 million MKD (13.02 billion euro), preliminary data from the country’s statistical office showed. The following sectors had the biggest share of value added in the structure of GDP in 2022: wholesale and retail trade, repair of motor vehicles […]

Nov 14
DHL Express Bulgaria Opens New Service Center in Sofia

DHL Express Bulgaria has opened a new service center in the country’s capital, local newspaper Dnevnik said on its portal. The DHL Express Bulgaria fleet includes more than 130 different vehicles of all capacities, including a Boeing 757 cargo plane and currently is delivering over two million shipments per year, the newspaper said. (Image: Pixabay)

Nov 13
Croatia Attracts Over 13 Billion Euro in FDI in Last 4.5 Years.

Croatia has attracted over 13 billion euro in foreign direct investments in the last four and a half years, local newspaper Poslovni Dnevnik quoted the country’s economy minister. The minister said that the investment climate and competitiveness are recognised by the global rating agencies and the IMF, the newspaper said on its web portal. (Image: […]

Nov 13
North Macedonia’s Teteks AD Tetovo Jan-Sept non-audited net profit rises 34% to 23.9 million MKD (388,400 euro)

North Macedonia’s textile company Teteks AD Tetovo said its January-September non-audited net profit increased 34% to 23.9 million MKD (388,400 euro). The company’s revenues doubled to 63.8 million MKD (1.03 million euro), the company said in its financial statement for the reported period. Teteks AD Tetovo, founded in 1951, has a retail network of 50 […]

Nov 13
Competition Commission Approves Intrakat Group to Acquire Greece’s Aktor

The Competition Commission has granted its approval to Greece’s Intrakat Group to acquire Aktor, the construction arm of ELLAKTOR Group, Greece’s daily newspaper Kathimerini reported. “The acquisition of all the shares of Aktor has been approved by the Competition Commission, thus putting the Intrakat Group’s vision of creating a strong pillar in construction in Southeast […]

Nov 13
Pizza Hut To Open First Restaurant in Croatian Capital

Pizza Hut will open its first restaurant in Zagreb, daily newspaper Vecernji List reported on its web portal. Fast food restaurant chains McDonald’s, Burger King, KFC and Domino’s are already present on the Croatian market. Franchise owner Kraljevi Restorani said that besides Zagreb, Pizza Hut will open restaurant in the city of Split, Vecernji added […]

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Nov 13
Albanian Tourism Expects 35% Growth of Guaranteed Reservation Contracts in 2024

Albanian tourisms is expecting 35% growth of guaranteed reservation contracts, Albanian Daily News quoted sources from the country’s Tourist Union. Albanian PM Edi Rama said earlier this month that the country is expecting 10 million foreign visitors by the end of the year and 20 million tourists in 2024, Euronews Albania reported. (Image: Pixabay)

Nov 13
Croatia’s September Tourist Arrivals Up 15.3% Year-on-Year

Croatia’s tourist arrivals in September 2023 rose by annually 15.3% to 2.4 million, the country’s statistical office said. The number of overnights in September increased by annual 4.0% to 11.6 million, the stat office said. (Image: Pixabay)  

Nov 13
Moody’s Changes Croatia’s Outlook to Positive, Affirms Baa2 Ratings

Moody’s has changed the Outlook on Croatia to positive from stable, while at the same time it affirmed its long-term issuer and senior unsecured ratings at Baa2. Moody’s decision to change the outlook to positive is driven by an increasing likelihood that Croatia’s debt burden will fall significantly than previous expected leading to further improvements […]