Regional topics

SME insight - SMEs Contribute Strongly To Adria Economic Output

Small and medium enterprises are seen as defining the structure of each economy’s activity. Given that majority of employees in each economy is engaged into the SME business, we are testing the Adria region’s ability to withstand economic turnarounds via the contribution of SME sector to the overall economy.

14.11.2022.

Regional topics

Energy costs for households - Energy prices for households rising throughout Adria region

Prices of electricity and gas for households in the region vary due to economic development level of each country, as well due to unique means of production/import, costs of production, transmission, distribution, subsidies and some specific factors, such as weather conditions, especially regarding Croatia, where hydro energy accounts for more than 50% of electricity production.

14.11.2022.

Regional topics

Bond spreads and credit ratings - Are investors and rating agencies on the same page?

Despite the last week’s corrections driven by the Fed hawkish tone, returns of the key global equity indexes still signal some stabilization in risk appetite recently. Indeed, S&P 500 is up by around 5% over the last four weeks as investors apparently see some attractive price levels to manage their investment exposures.

10.11.2022.

Regional topics

Retail trade - Inflation taking a toll on retail trade

Even though nominal retail trade in the Adria region continued on a high note (posting double-digit growth rates), stubborn inflationary pressures, which influenced real disposable incomes, took a toll and forced retail trade on a real-term basis to a slowdown path.

04.11.2022.

Regional topics

Construction and real estate - Mixed performance from construction activity, real estate prices soaring

Latest available data shows construction activity slowing down or falling in most countries of Adria region, except for Slovenia, where activity is maintaining strong pace.

31.10.2022.

Regional topics

Foreign trade of goods - Region facing deteriorating foreign trade prospects in the wake of 2023

Latest available data (August 2022 for all, except Bosnia and Herzegovina, which is September), point to a still strong, double-digit growth rates for both exports and imports in the Adria region, however, prospects are bleak.

31.10.2022.

Sectoral analyses

Fintech industry

The region is characterized by widely varying adoption rates of fintech solutions and the prevalence of fintech initiatives. Our analysis focuses at regional leaders in fintech industry compared to benchmark players on a global scale in order to gauge the overall market direction for the local players going forward.

25.10.2022.

Macro outlook

Adria Region Macro Quarterly 4Q 2022 - Economic Cool-down Gains Traction

After an astonishing economic activity outcome since start of 2021, Adria region is seeing the GDP growth profile weakening by end of 2022 and especially in 2023. The real GDP growth will shape a mixed picture, with negative rates in Slovenia and only a symbolic drop in Croatia combined with small single-digit positive real GDP growth numbers in the rest of the region.

19.10.2022.

Sectoral analyses

Food & beverage industry

Last couple of years have been demanding for all industries, bearing in mind that the COVID-19 environment is not something formerly experienced by any market participants. Even the F&B industry, which deals in basic foodstuffs and is less exposed to economic turbulences than other industries, was affected by certain headwinds across diverse branches. To best display inter-sectoral dynamics, our analysis focuses on forming peer subgroups (beverages, meat, bread and dairy) and addressing the principal trends and challenges they've encountered in the previous years and ultimately, providing a forward-looking expectation in these unprecedented times.

17.10.2022.

Sectoral analyses

Frame by frame - The upside of 3D Animation in the region

The rationale behind the analysis undertaken is that there is a strong upside for 3D animation due to increasing rates of content produced. The Adria market is also relatively untapped and shows promising growth potential. The main factor going for Adria Region players is their cost competitiveness. We believe that the rising amounts of visual content produced for various end uses will spill over in terms of higher demand for 3D animation services in the region.

12.01.2022.