The Adriatic/Balkan region is very diversified. It consists of many small economies which are supporters of the European Union community idea but have so far received various results – from the Eurozone country Slovenia through the two year-old EU member Croatia to other countries with their separately defined process of the EU integration.
The fourth edition of the Coface Adriatic/Balkan Top 50 ranking sees some changes compared to previous editions. After many years in second place, Slovenian Petrol finally got into the lead - thanks to an increase in turnover +1.4% to EUR 3.3 billion and a weak performance of last year’s winner Croatian Ina D.D. (EUR 3.2 billion, -5.4%). In third place again is Serbian Naftna (EUR 2.0 billion, -1.9%).
Brazil is in the midst of a perfect storm. The enduring political crisis and deep economic recession, which led to the collapse of confidence indexes, have now been topped by an impeachment trial of President Dilma Rousseff.
Three risks to monitor in 2016: weak growth, political tensions and company debts in emerging economies
- Advanced economies: many causes for concern, including financial market volatility, cheap oil and the Chinese slowdown
- Emerging countries: in addition to sluggish growth, increasing indebtedness of companies
- Increased political risks likely to affect business confidence in all regions