Central Europe / News

Hungarian banks’ recovery unlikely to last, Capital Economics says

bne IntelliNews August 23, 2019

Capital Economics anticipates a slowdown in credit growth as Hungary's central bank is expected to gradually tighten monetary policy and raise rates.

Czech government crisis almost over

Nelly Tomchikova in Prague August 22, 2019

Social Democrats' new nominee to head the culture ministry, former foreign minister Lubomir Zaoralek, has the support of President Zeman.

Hungary and Germany mark 30th anniversary of border opening

bne IntelliNews August 20, 2019

Angela Merkel and Viktor Orban put their differences over migration aside to commemorate the opening of the Hungarian-Austrian border, a milestone event in the momentous year of 1989.

ECB shuts down troubled Latvian lender PNB Banka

Levente Szilagyi in Budapest August 16, 2019

The ECB assessed that PNB Banka was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.

Fast fashion giant Primark prepares to expand in Poland

bne IntelliNews August 16, 2019

Eastern expansion continues after Primark opened its first CEE store in Ljubljana in June.

Estonian coalition agrees on pension reform bill

Levente Szilagyi in Budapest August 14, 2019

The new pension scheme would allow people to opt out of the second pillar or suspend payments from 2020, which the IMF warns will increase the burden on future generations and lead to people cashing out their savings.

Subscription to Hungary's retail "superbond" exceeds €4.6bn

Levente Szilagyi in Budapest August 7, 2019

Retail investors subscribed to HUF1.5 trillion (€4.6bn) of the new five-year so-called retail “super bond,” since the beginning of June, the government announced on August 6.

Hungarian bond yields headed for record lows

bne IntelliNews August 7, 2019

Hungarian government bond yields declined by around 100bp over a five-month period in July and are heading for historic lows, local media reported on August 6.