Where are the opportunities in Europe's frontier markets?

Three countries gaining momentum

Earlier this year we visited the Balkan Peninsula to visit the frontier markets of Croatia, Slovenia, and Serbia. The main purpose of the trip was to search for potential investment opportunities in these smaller and often overlooked European countries - but we also wanted to delve a little deeper into the economies.

It was a particularly interesting time to have gone, given all three countries are now starting to gain some meaningful growth momentum after what had been a period of deceleration and, in the case of Croatia, a full-blown recession. Despite the proximity of the three Balkan countries, each economy has its own unique characteristics and the drivers of each economy are different. Six reasons to invest in Europe Serbia, the only nation not a member of the EU, is starting from a lower base of development. For example, it is at a much lower level of financial penetration and appears to...