«Market Leader» - news and previews making you rich.

Thursday, 23 May 17:04 (GMT -05:00)


Market Leader Free Newsletter
Your Name:
Your Email:

Business And Politics News

Croatia: Economic And Investment Outlook.


 

The global financial crisis, which started in 2007 as the collapse of the US housing market, destabilized the global economy, thus diminishing the inflow of foreign investments in numerous countries around the world and affecting numerous industries, including tourism.
 
As for Croatia, tourism was a major “breadwinner” for the country’s economy until the breakup of Yugoslavia in 1990. The civil war almost destroyed Croatia’s tourist infrastructure. It has been recovering since 1997. Croatia is getting more and more popular with tourists…

 

 

 

 
Tips for investors: Croatia’s present-day tourism
 
According to Eugene Olkhovsky, Masterforex-V Academy’s leading expert, Croatian resorts have been some of Europe’s most visited places in the last few years. The profits gained by Croatian tourist businesses confirm this: 2009  — €6,3B, в 2010г — €6,7B, в 2011 — some €7B. In 2012 the gains are expected to increase due to new investments and infrastructure development.
 
 
Why does Croatia keep attracting tourists from around the world?
 
First of all, it is one of the cheapest tourist zones in the Mediterranean coast. Entertainment, souvenirs, alcoholic beverages, food, transportation costs, hotels, excursions – everything is cheaper.
 
Over 12 million tourists visit Croatia every year. Where do they come from? The following chart shows that:

 

 

диаграмма

 

 

 

Another factor is Croatia’s beautiful nature, delicious national cuisine and lots of tourist sites, including ancient castles and museums.
The Croatians have officially voted for EU membership. How will it influence the country’s tourist industry? A couple of years ago 30.000 EU citizens were asked the following question: “Where do you prefer to take your vacation?” For most respondents it was Croatia.
 
Let’s have a look at how popular Croatia was with foreign tourists during the period of 1999-2010:

 

 

 

диаграмма

 

 

 

Will EU membership help Croatia to attract more investments for its tourist industry?
 
According to Eugene Olkhovsky, EU membership will most likely expand the investment inflow. Moreover, it may contribute to the expansion of tourist wave from EU countries as European tourists will no longer need Schengen visas to visit the country.
 
Not so long ago «The Guardian» recognized Croatia the 4th most popular country for UK tourists. Croatia is the 3rd most popular resort for tourists from Poland, Czech Republic, Norway, Hungary, Slovakia and Slovenia.
 
This year «National Geographic Traveler» has included Croatia’s biggest peninsula called Istra in the list of the world’s most popular and beautiful resorts.
 
Investing in Croatia: fixed property, banks, manufacturing production
 
In 2005 the Croatian authorities started selling small islands to well-off individuals. However, later they banned any construction works on small, inhabited islands, which cooled investors’ interest in Croatia’s land and fixed property.
 
There are suppositions that after entering the EU, the ban will be changed by some strict limitations. It should be noted that in this case there will be plenty of persons interested in buying islands despite the fact that the authorities are planning significant price hikes.
 
Considering the possibility of purchasing urban or coastal fixed property, most investors are still waiting for a 10% decline in 2012.  New homes remain unclaimed. Some investors keep monitoring the situation. They say the prices will soar only in 2013.
 
According to Croatia’s central bank, in January-July 2011 the inflow of foreign investments nearly doubled, thus reaching $485.3M. American are the most numerous investors. Austrians and Germans come 2nd and 3rd correspondingly.
On March 1st 2013 Croatia will become another EU member. However, it is likely that the tourist traffic from non-EU states will decline as tourists from those states will have to obtain Schengen visas to visit Croatia.
 
However, most European airlines are planning to start new scheduled flights to Croatia. For example, Stockholm – Dubrovnik , Copenhagen – Dubrovnik, Helsinki – Dubrovnik, Newcastle – Dubrovnik etc.
 
Despite some negative factors (like corruption scandals), low prices, beautiful nature and other positive factors outweigh them. European tourists still want to visit Croatia, especially as the Croatian authorities are doing their best to increase the country’s attractiveness both for tourists and investors.
 
Croatian Kuna: Market Outlook
 
According to Masterforex-V Academy, USDHNK is being traded in the 5,6862-5,8505 range. A break and consolidation above the top of the rage will probably suggest another rally – wave C. The closest levels of resistance is 5,8888. Once the bottom of the rage is overcome, the price will start forming a “shortened” wave C or a(C ), which will be confirmed by a downward FZR.
 

 

 

 

график

 

 

 

Market Leader and Masterforex-V Academy would appreciate if you could participate in a survey. Please, visit the Academy’s forum for traders and investors and answer the following question:
 
Will Croatia manage to become a major European tourist center in the near future?
 

 

 

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

The National Interest: Romney Says Russia Is USA’s №1 Foe. Is I t Rue?

 

Mitt Romney, a senator and the Republican Party's nominee for President of the United States in the 2012 election, seems to have made himself known once again. This all revolves around his famous statement that “Russia is America's 'number one geopolitical foe”.
 
Publication date: 21 May 04:11 PM

FBS: FX Bazooka – Analytical Portal of New Generation

 

As the Internet is brimming with financial information, it is generally hard for a trader to focus on its continuous stream. Many get lost in the abundance of offered possibilities and often make mistakes. It is a paradox, though truth, that the greater amount of information provokes hasty actions.
Publication date: 21 May 01:59 AM

Schools of Managers: Why Brokers Need Successful Managing Traders

These days many traders show rather average results at forex market. According to statistical data, only 5% reach real success, thus gaining regular profit. How are these 5% different from others?

First of all, they have the skill of taking wise trading decisions, based not on emotions, but on thorough analysis of all nuances, as well as all technical and fundamental results for present and future perspective. They are also characterized by systems of effective money and risk management, skill of waiting or acting when such is required by trading system.

Publication date: 20 May 10:21 AM

The Washington Post On European Crisis and Euro

 

Over the last few years, the word collocation “European crisis” has turned into a set expression. It’s been almost 5 years since it began. Europe seems to have suffered most of all form the global crisis. 2 years ago a new wave of crisis broke out, thereby turning into a severe debt and banking crisis in the EU and the eurozone.
 
Good news are scanty while bad news keep coming from Europe almost every day. Yet, the world cannot ignore it because Europe accounts for nearly 20% of the entire global economy. Even though everyone seems to get used to unexpected (sometimes shocking) and controversial news from the area, they are still worried about the destiny of the Old World? A complete downfall or a renaissance?
 
Publication date: 13 May 12:48 PM

Trust In EU Declines. Will Euro Collapse?

 

The latest opinion polls conducted in the EU show that more and more European citizens show distrust in the EU and the eurozone. The biggest decline was seen in the EU’s 6 biggest countries. In particular, in Spain , the distrust increased up to 72%. For comparison sake, it used to be just 23% 5 years ago.
Publication date: 02 May 11:43 AM

ForexContest 2013 – New Contest, New Opportunities

 

The purpose of fighting is to win, as the well-known saying goes. At Forex market traders, no matter whether they want it or not, have to fight not only for profits, but also... between themselves. In order to succeed, one has to manage his emotions, resisting panic, act on the basis of competent full-scale analysis of current and perspective situations, know and understand own trading strategies, based on numerous technical and fundamental components.

Publication date: 26 April 09:49 AM

Tusar Forex: Open an Account and Get 8 Dollars!

Today anyone may earn money at international currency market Forex, provided that a trader has the necessary knowledge and, what is more important, has good understanding it. As far as this financial market is the largest according to daily money turnover (several trillion dollars), as well as one of the most progressive ones (there regularly appear innovative technologies), opportunities of successful work at it are available even for people that do not possess a considerable capital.

Publication date: 18 April 10:22 AM

USA vs China: Can H7N9 Virus Be Biosychological Weapon?

 

China is reporting about another epidemic of the so-called bird flu (also known as virus H7N9). It has already suspended the domestic poultry trade. Numerous markets are closed in Shanghai, Beijing and other big cities. Chinese bloggers keep posting shocking footage showing dead birds.

At the same time, top-ranking Chinese military officials put the blame on the USA. They say this is some kind of a secret biotechnological weapon developed and used by the Americans.


Russia takes urgent steps to prevent the epidemic from spreading over its territory. Russia’s chief medical officer urges people to abstain from visiting the neighboring Asian country. There are temporary limitations for those who arrive from China. Russia may eventually close the border with China until the situation stabilizes.
 
What is really happening in China? How dangerous is the current epidemic? Can the USA be involved?
Let’s try to answer these questions together…
Publication date: 17 April 07:08 AM

Will Global Shale Boom Affect Russia’s Oil Industry By Dropping Oil Prices?

 

The USA seems to threatening Russia not only with a shale revolution but also with a shale war. The North-American shale boom seen in the region over the last few years, has been treated as the end of Russia’s oil and gas industry. Everything started from shale gas, which allowed the USA to turn from an NG importer into a net exporter of this energy carrier.  
 
Yet, US officials do not conceal the fact that they are going to use this trump card to free Europe from the dependence on Russian energy carriers.  Now American observers and analysts are discussing the gloomy prospects of Russia’s export of energy carriers caused mainly by the shale boom in the USA and worldwide.
What is really happening inside the US shale industry? Is Russia’s export of energy carriers to Europe doomed? Let’s have a closer look at the situation.
Publication date: 16 April 02:58 PM

Forbes On Putin’s External Policy

 

Western mass media are actively discussing Russia’s external policies.  There is a lot of information published on this topic recently. There are countless articles devoted to Putin and Russia.
If to try to sum up all the information on this topic, it turns out that there are 2 groups with different attitude towards Russia’s external policies.
 
The bigger group thinks that Russia’s external policies are unpredictable and may be dangerous to the West.  Therefore, they urge Western politician to exert pressure on Moscow in effort to restrict its tough external policies.
 
The minor group views Russia as a potential partner, thereby calling its external policy rational and pragmatic.
 
The confrontation between the 2 groups can be considered on the example of an article written by Mark Adomanis and published by Forbes. It is called Is Vladimir Putin's Foreign Policy Unpopular? Not So Much.
 
Publication date: 16 April 11:07 AM