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.
C & E Europe
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.
Latvia's foreign trade turnover in goods rises 9.1% y-o-y in June
Provisional data of the Central Statistical Bureau of Latvia (CSB) show that in June 2018 foreign trade turnover of the Baltic country amounted to EUR 2.37 billion, which at current prices was 9.1 % more than in June 2017, of which the exports
Czech Republic sees highest rise in property prices in EU
The price of properties in the Czech Republic grew by an average of 16 percent through most of 2017, registering the fastest increase in the EU, according to a Financial Stability Report issued by the Czech National Bank (CNB).
Poland remains among Europe's fastest growing economies
The Polish economy, which avoided recession during the global downturn of 2009, is set to grow over 4 percent this year, Jerzy Kwiecinski, the country’s investment and development minister told Radio Poland.
World Bank improves prospects for Hungary's economic growth
The Hungarian economy will record an advance of 4.1% in 2018 and 3.2% in 2019, the World Bank projected in its fresh biannual Global Economic Prospects report. Global economic growth will remain robust at 3.1 percent in 2018, before slowing g
Danske Bank to exit the Baltic market in stages and keep services centre in Lithuania
Danske bank, Denmark’s largest bank and the second-biggest financial group in Northern Europe by assets, announced that is planning to scale down its business in the Baltic states, opting to focus on subsidiaries of Nordic customers and global
