Emerging Europe: Friends reunited – getting back together

Rising intra-regional trade and investment are helping to underpin the economic fortunes of the states that formerly constituted Yugoslavia. Guy Norton takes a look at three examples of a stock exchange, a fund manager and private equity.

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.

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