The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

A gateway to the Balkans

As a possible base for eurozone companies eager to expand in the Balkans, Croatia is a favoured candidate, despite its small domestic market. If the government can curb a tendency to build up external debt and is able to sort out lingering human rights problems it should be able to get EU support behind it for the next round of accession. Ben Aris reports.

The prospect of EU accession has proved to be an incentive for Croatia's government to push through painful rerorms.

THE EUROPEAN UNION formally accepted Croatia as a candidate country in June and accession negotiations are slated to start in the spring. If all goes well Croatia could join the EU as early as 2008. But its qualification for membership is threatened by the small Balkan republic's large public debt. As the end of 2004 approached, the government resolved to begin tackling this problem. Croatia is one of three applicants for the next round of EU accession, along with Bulgaria and Romania, and follows Slovenia, which, as one of the May 2004 accession countries, was the first Balkan state to be admitted.

Slovenia boasts a sparkling investment climate and has been a model of reform, but it is geographically and culturally at the edge of the region. Croatia has sparked more interest since it is located at the heart of the largely untouched Balkans and is the natural jumping-off point for companies considering expansion in the region.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree