INA Industrija Nafte d.d., the Croatian refiner controlled by Hungary’s Mol Nyrt., reported its first annual net loss in four years as continued recession stymied the company’s efforts to make up for lost income from Syria.
Croatia’s credit rating was cut one step by Standard & Poor’s to BB, two levels below investment grade, as the government fails to narrow the budget deficit and the economy heads for a sixth year of recession.
Skaters gliding across the ice rink at the five-star Le Meridien Lav hotel are unwitting extras in the final acts of the financial crisis as they practice their turns on the shores of the Adriatic Sea.
Peter Munk , the chairman of gold producer Barrick Gold Corp. , wants to triple the number of berths at a former Soviet-era naval port on the Adriatic Sea as he converts the marina into a resort for the world’s wealthiest.
Slovenian voters gave their support to a border treaty with Croatia that’s aimed at settling a two- decade-old dispute between the former Yugoslav partners and easing European Union expansion in the Balkan region.
Seven years after a group of investors represented by Barclays Plc and Equity Trust (Jersey) Ltd. bought land for building on Croatia’s coast, their plan to build 26 villas in the hills above Dubrovnik remains on hold.