NEPI Rockcastle, a leading investor and developer of premier shopping centers in Central and Eastern Europe, reported that its tenant sales (excluding hypermarkets) in Q1 2022 were 53% higher than Q1 2021, and in February and March exceeded Q1 2019, indicating a return to
C & E Europe
Poland’s Manufacturing PMI increased to 56.1 last month from 54.4 in November, the strongest expansion in factory activity in 5 months, beating market forecasts of 54.1, largely driven by further improvement in new orders and production according to IHS Markit.
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.
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.