Private Equity: Funds take small steps
Fund Management: AC-Nalozbe blazes a trail
Stock Exchanges: Zagreb puts its best foot forward
LIFE IN THE Balkan region is full of ironies – some sweet, some bitter. Having spent much of the 1990s falling out with each other, in the present decade the former Yugoslav republics have realized that a resumption of intra-regional trade and investment benefits all parties involved.
“There’s no doubt we’re seeing an economic trickledown effect from Slovenia to the rest of the ex-Yugoslavia region,” says Michael Glazer, director of Croatian investment banking boutique Auctor.
Although Slovenia was the first to break away from Yugoslavia in 1991 and spent most of the 1990s disassociating itself from its southern neighbours, it now unashamedly brands itself as the gateway to the Balkans, and Slovenians were among the very first foreigners to invest in Serbia after former Yugoslav president Slobodan Milosevic was ousted.
As the richest...
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