The National Bank of Poland, or NBP, unexpectedly raised its benchmark reference rate by 40bps to 0.5% on Thursday (Oct. 6) surprising markets who expected no change in borrowing costs until at least the first quarter of 2022.
C & E Europe
Freight transport performance improved in Hungary in the second quarter (H2) of 2021, data from Hungarian Central Statistics Bureau revealed on Thursday (Sept. 15).
The economies of Central and Eastern Europe (CEE) are expected to post GDP growth between 3.7% and 6.9% in 2021, according to the Austrian financial services provider Erste Group.
Hungary on Thursday (May 27) inaugurated a 100Mw solar park, the largest in Central Europe, which was built by China National Machinery Import and Export Corporation (CMC).
The COVID-19 has disrupted both the operation and development of retail real estate markets worldwide, as well as in the CEE-17 countries.
Erste Group Bank AG has won the ”Best Private Bank in Central and Eastern Europe” title in the newest edition of the Global Private Banking Awards organized jointly by The Banker and PWM.
The Warsaw Stock Exchange (GPW) Management Board and the Central Bank of Armenia (CBA) signed on Sep.18 a term sheet concerning negotiations to purchase 65% majority interest in the Armenia Securities Exchange (AMX) by GPW. The agreement is not binding.
Poland has approved new rules aimed at making it difficult for non-EU investors to take over domestic strategic companies flattened by Covid-19.
New data from Eurostat show that house prices in Austria went up by a whopping 85.5% between 2007, and the first quarter of 2019. This figure places Austria first, followed by Luxembourg at 80.6% and Sweden at 80.3%. The EU average stood at 19%.
Slovakia just joined a host of Central and Eastern European countries seeking to repatriate their gold reserves.