This is a Master of Science thesis, written in Croatian language. Only an abstract is available in English.Total fiscal expenditure of bank failures in the Republic of Croatia in 1996 and 1998 were no less than 27% of Croatia's GDP. This is one of the most expensive bank crises in the history of...

The objective of the paper is to contribute to an explanation of Russia's economic decline during its transition to capitalism. The authors argue that, to an important degree, the dismal performance of the Russian economy stems from the overall vision underpinning the transition to capitalism,...

The importance of new firm creation in the post-Communist economies of East Central Europe (ECE) has been subject to extensive research. This paper focuses on an area of entrepreneurship which has received relatively little attention in the transition economy context but which is of particular...

The paper deals with Russian social and economic development in 2013 and prospects for the next year or two. The author discusses the logic and trends of the global crisis started in 2008. This is the basis for further analysis of current Russian economic performance with special emphasis on the...

This article starts with the increasing differences between Central and Oriental economies since the beginning of the transition process. The countries that are most favorable to Foreign Direct Investment (Hungary, the Czech Republic and to a lesser extent Poland) enjoy better results than the...

Following the broad overview of knowledge-intensive entrepreneurship (KIE), or new firm creation in industries considered to be science-based or to use research and development (R&D) intensively, presented in our previous working paper (Woodward et al., 2012), this working paper presents an...

The paper deals with the trends in the world and Russian economies towards development of a new post-crisis system, including technological and structural transformation. Three main scenarios of Russian economic development (conservative, innovation and acceleration) are discussed basing on...

Summary Despite near stagnation in the euro area and the negative impact of the Ukraine crisis, in most of the NMS economies and some of the Western Balkan countries growth prospects are viewed as positive. While the NMS economies will preserve their positive growth differential vis-à-vis the...

In 2013 the Russian economy entered a new phase of socio-economic development. The period of tempestuous development, during which the primary trends and objectives had been those of recovery and which had lasted almost twelve years (1999–2012), had come to an end. The crisis of 2009 did not...

Reciprocal application of sanctions due to geopolitical instability in Ukraine, led to the rupture of economic ties and investment cooperation between the Russian Federation and the European Union. Further escalation of the conflict can lead to the formation of a new cold war and the...