After a volatile 2020, regional indices have had a stellar performance in 2021. That is why we decided to bring you a short comparison between regional and other European markets to see who had the brightest performance thus far.

As one can notice from the table, Slovenia and Bulgaria were the fastest growing markets in our region with both markets increasing by more than 30% YTD, being topped only by Estonia. Slovenia’s strong performance has not only resulted in the full recovery of value lost amid the COVID-19 pandemic but has also led the index to levels not seen for more than 11 years. Afterwards we have three solid market performances with the Czech Republic, Romania and Austria all posting growth which exceeded 20%. Meanwhile Croatia and Serbia found themselves on the lower part of the table after posting an increase of 13.3% and 7.9%, respectively. However, CROBEX is still slightly below its pre COVID-19 value (-2.3%) which can be explained by the significant weight which tourism companies have within CROBEX. Therefore, we will have to wait a little bit longer to see if Croatia’s solid tourism performance witnessed this year will also translate into improved results of Croatian tourist companies and their share prices as well.