Competition that has been accelerating rapidly in domestic and international markets in last decades compels firms to apply new ideas to their activities in order to increase value on their products and processes. Innovation which is a key driver of a success and survival of enterprises provides...

This paper reviews institutional and structural challenges in countries preparing for EU membership, i.e. Albania, Bosnia and Herzegovina, Kosovo*, the former Yugoslav Republic of Macedonia, Montenegro, Serbia and Turkey. Sound institutions and solid economic structures are not only the...

This article is based a study performed for the EBRD during the first half of 2012 covering Hungary, Poland, Croatia, Serbia, Romania and Turkey. It is an expanded version of its executive summary. The study (‘EBRD study') was commissioned to identify sources of mortgage portfolio risk and...