In mid-September, the Supreme Court of Croatia ruled that "the banks violated the collective interests and rights of the loan holders of CHF-denominated loans." Banks had violated clients' rights "by using unfair and harmful contract provisions."
In the Global Financial Stability Report the IMF examines the evolution of financial markets since the recent financial crisis and points to the buildup of downside risks in various segments of the financial market.
Despite the increasingly unstable political environment, the CSE witnessed an upsurge in overall deal value of 12.5 per cent year on year reaching a total value of the EUR80.5bn in 2018, according to the latest report on M&A published by the law firm CMS.
Experts predict that the construction industry will undergo several years of revenue growth. They express concern, however, regarding the accumulation of construction works which will be conducive to increases in the prices of building materials.
Sharp interest rate cuts by the European Central Bank resulted in a substantial drop in the prices of mortgage loans in the euro area. However, their interest rates differ significantly across Eurozone countries.