CEE’s largest solar park is located in Hungary and is Chinese-built
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).
C & E Europe
CEE retail to rebound much faster Colliers says
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 wins Best Private Bank awards for CEE and Austria
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.
Warsaw Stock Exchange eyes 65% of AMX
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 strengthens protection against foreign business takeovers
Poland has approved new rules aimed at making it difficult for non-EU investors to take over domestic strategic companies flattened by Covid-19.
Austria sees EU's highest increase in house prices between 2007 and Q1 2019
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%.
Fico unveils plan to repatriate Slovakia's gold back from the U.K.
Slovakia just joined a host of Central and Eastern European countries seeking to repatriate their gold reserves.
Hungarian OTP bank acquires SocGen's Moldavian subsidiary
Hungary's OTP bank, Central Europe’s largest independent lender, purchased 96.69 per cent of the shares of Mobiasbanca, a Societe Generale’s subsidiary in Moldova. OTP acquired the Chisinau-based bank through a number of transactions.
Austria loses positions as a direct investor in CESEE
Austrian foreign direct investment (FDI) in Central, East and Southeast Europe (CESEE) declined in 2018, but continued to earn relatively high profits, a new report from the Vienna Institute of International Economic Studies (wiiw) found.
