Generally, risk is an uncertainty associated with future outcomes or events. In economic terms, risk is an expected deviation from the planned return of real, financial and intangible assets, of loss or cash flows associated with the uncertain event. The most famous way of reducing the overall...

The utilization of European Union (EU) financial assistance is one of the central issues for Member States, as well as Candidate Countries like Croatia. In order to fully gain from the allocated resources of the EU budget, each country needs an adequate absorption capacity (AC). This article is...