Croatia News
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Ryanair Holdings Plc, Europe’s biggest discount airline, boosted full-year profit 13 percent as it added routes and planes to target short-haul markets in which full-service operators are struggling to stem losses.
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Investors seeking higher yields are buying structured notes tied for the first time to the debt of emerging-market nations from the Bahamas to Lithuania and Honduras.
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Under shellfire on Christmas Eve 1991, 13-year-old Maja Biloglav fled Zadar by boat at night, sent away by her parents as the Yugoslav army surrounded the Adriatic town following Croatia’s declaration of independence.
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Mol Nyrt., Hungary’s largest refiner, posted a deeper-than-expected drop in first-quarter profit as oil and gas production fell.
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Austria’s central bank said Hypo Alpe-Adria-Bank International AG will likely avoid a 16 billion- euro ($21 billion) insolvency as policy makers negotiate with the European Commission over the nationalized lender.
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Molson Coors Brewing Co.’s margins across Central and Eastern Europe will be boosted by new “higher” value products and premium brands, the company’s chief executive officer said.
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Serbia’s central bank cut its benchmark interest rate for the first time since January 2012 as the strong dinar, weak demand and the outlook for this year’s harvest keep a lid on price growth.
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Standard & Poor’s affirmed Romania’s junk credit rating for a fifth year as “high” external debt is balanced by budget rigor.
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Telekom Austria AG, the nation’s biggest phone company, said first-quarter earnings fell as market conditions in Austria and Bulgaria remained difficult.
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The recession in Croatia, which will join the European Union in July, will continue this year as private consumption and investment fall before returning to modest growth in 2014, the European Commission said.
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