Industrial output fell by 6.4% y/y in June after over 3% growth in previous months. Though subject to calendar effects and other one-off factors, the weaker result also underlines that Czech industry is not immune to the German industrial slowdown.
The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.
The Hungarian year-to-date general government deficit came in at HUF 390bn - only 39.1% of the full-year target, but we can't really say if this good performance is here to stay
The coalition between Austria’s conservative-liberal ÖVP and the right-wing populist FPÖ has been viewed very critically in Austria and abroad since it was formed in December 2017. It has also been an issue for the Eastern European bloc
Annual global production of plastics has increased dramatically, from 15mn metric tons in 1964 to over 350mn metric tons now, however, a new technology can break down polymers and effectively recycle them