Croatian Premier Zoran Milanovic and Finance Minister Slavko Linic are locked in a dispute over a year-old land-for-tax deal that threatens to stall the government’s effort to avert a sixth year of recession.
T-Hrvatski Telekom d.d., the Croatian unit of Deutsche Telekom AG, said first-quarter net income fell 17 percent from a year earlier as the European Union’s newest member battles recession for a sixth year.
INA Industrija Nafte d.d., the Croatian refiner controlled by Hungary’s Mol Nyrt., said first- quarter net income fell 8 percent from a year earlier as gas sales and refinery output declined during a recession.
Croatia’s top political leaders need to work together to bring the former Yugoslav republic out of its longest economic recession on record and avoid “serious” social unrest, President Ivo Josipovic said.
Exxon Mobil Corp., Gazprom OAO, Lukoil OAO, Total SA and Edison SpA were among more than 40 energy companies attending the start of the Croatian government’s tender for Adriatic Sea oil and gas exploration.
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.
Slovenia is raising debt at its fastest pace on record as the nation plans the sale of 2 billion euros ($2.8 billion) in bonds, less than two months after it last went to the market, to tap lower borrowing costs.
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.