C & E Europe
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.
Czech Republic ranked best country in Europe for manufacturers
The Czech Republic ranks as the best location for manufacturing in Europe, according to new research published by real estate services firm Cushman and Wakefield.
International Investment Bank bonds are now traded at BSE
Wednesday (March 27) saw the launch of trading in securities of International Investment Bank (IIB) on the Budapest Stock Exchange (BSE).
Danske Bank to close branches in Baltics, Russia over scandal
Finantsinspektsioon (FSA), Estonia's official financial watchdog, has ordered Danske Bank to close its branch in Tallinn.
Multinational food giants sell inferior products in Poland and other CEE countries
Many multinational companies offer consumers in Poland food of lower quality and with different ingredients than on Western markets, Rzeczpospolita daily reported, citing Poland's Central Auditing Office (NIK).
Austria's imports and exports increase during the first eight months of the year
The total nominal value of imports of goods into Austria in the period from January to August 2018 was EUR 102.43 billion, up 5.5% on the previous year, while exports of goods rose by 6.5% to EUR 99.26 billion, according to preliminary results
Lithuania ranked 14th out of 190 economies in doing business
Lithuania is the 14th most business-friendly country in the world, according to the World Bank’s Doing Business 2019 report.
Estonia's GDP grows 3.7 percent in Q2 2018
Estonia's economic growth accelerated in the second quarter of 2018 thanks to construction, manufacturing and professional activities.
