Макро и секторски анализи што ви помагаат да донесувате паметни и втемелени одлуки.
Блажековиќ: Ниското ниво на инвестиции во истражување главен предизвик за Македонија
26.11.2025 11:49
Митреска: Народната банка ќе направи нагорна проекција на инфлацијата
26.11.2025 11:51
Ѓорѓиевски: Продуктивноста не го следи растот на платите
26.11.2025 11:48
Томеска: Осигурувањето придонесува за развој на економијата
29.10.2024 14:39
Квартални анализи
Квартални прогнози и прегледи што ги осветлуваат најважните макро и пазарни трендови и трендовите што го движат пазарот на стоки.
Вкупно анализи
236
+6 во последните 30 дена
Неодамнешни анализи
1
Објавено во последните 7 дена
Најпрегледувано
6988
Вкупен број на прегледи
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Најбарана тема
Филтри
Competitiveness report - Competitiveness craving for unpopular decisions
With 20+ years of transition and convergence behind, we are taking a detailed look into the competitiveness developments of Adria countries vs. CESEE peers. Aside from highlighting competitiveness rankings made by third party centers in areas such as business environment, we are also going through high level macro results reflecting competitiveness basics.
20.02.2023.
Retail trade - Retail trade trends tilted downwards
A mix of economic activity slowdown, falling real wage levels, rising interest rates and ever-increasing prices, pushed annual growth rates down significantly in Serbia, Slovenia and Croatia, further deepened the decline in North Macedonia, while still held up in Bosnia and Herzegovina.
13.02.2023.
Lending activity - Lending activity slowing down, higher interest rates halting demand
In Adria region, lending activity is in the positive zone in terms of yoy growth, however in most cases growth is slowing in H2 2022. Even though monetary policies are tightening, the transmission on the interest rates still needs to fully materialize, with interest rates still allowing for demand for certain credit categories to remain strong.
08.02.2023.
ESG report - ESG potential high in SEE
ESG is a topic increasingly becoming important for the capital flows. Global stock indexes started the year on a positive tone, with the support largely coming from the idea that most of negative elements in terms of macro fundamentals is already priced in.
06.02.2023.
Construction and real estate - Real estate cycle at turning point?
Construction activity has been slowing down in North Macedonia, Bosnia and Herzegovina and Serbia, growing in Croatia and booming in Slovenia in 2H2022. Downtrend in countries with weaker numbers is already mirroring anticipation of subdued demand due to pandemic savings fading out and rising interest rates reflecting on funding.
01.02.2023.
Naftna Industrija Srbije - Golden age for oil refineries
NIS performance in the recent period was highlighted by stronger sales and profitability figures on the back of higher global oil prices. We see the latter somewhat lower on average for 2023, suggesting a drop in NIS’ top and bottom line, however these key P&L elements will still remain strong. In terms of M&A activity, there is a potential for buyouts of smaller market participants in the retail segment, perhaps also in the neighbouring countries.
31.01.2023.
Agrochemicals – another factor behind more expensive groceries
The analysis focuses on the factors driving agrochemical prices up, especially in 2021 and 2022. The price plateau at the beginning of 2023 reflects weak underlying demand as farmers cut back fertilizer use due to affordability and availability issues. In the peer analysis section, we analyse the performance of Adria players as well as some of the largest global agrochemicals producers, in order to offer context in this volatile industry.
26.01.2023.
Beer industry - Strong profitability and cash flow profile
Beer industry is one of the most globally consolidated industries in terms of market share driven primarily by one simple explanation; beer is a low-priced, bulky product that needs to be produced geographically near the end-consumer in order to benefit from low logistics cost and enjoy favorable unit economics.
23.01.2023.
