M&A hits €8.5bn in CEE in Q1, says Mergermarket

bne IntelliNews April 16, 2021

Trend towards bigger deals and more fund investment continues, as deal value rises by half to give best Q1 since 2013.

wiiw raises 2021 CEE growth forecast to 3.8%

Robert Anderson in Prague April 16, 2021

But pandemic has delayed restart of convergence with Western Europe until 2023.

Russians request Slovakia to return Sputnik V vaccine after dispute over testing

bne IntelliNews April 9, 2021

Slovak tests found that the vaccine shipment differed from the doses sent for testing to the EMA and to The Lancet.

CEE reels as third wave of COVID-19 breaks

bne IntelliNews April 3, 2021

A third wave of the coronavirus pandemic is sweeping through Emerging Europe. While Russia is expecting to reach herd immunity in the next two months, most other countries of the region have only just started their mass immunisation programmes.

IKEA’s New Europe Empire

bne IntelliNews April 3, 2021

Getting an IKEA store is a good guide to how developed a country is. And the Swedish furniture store has an uncanny knack for opening their yellow and blue stores exactly at the beginning of a country's rapid growth phase.

Slovak coalition partners reshuffle cabinet to solve government crisis

bne IntelliNews March 30, 2021

Finance Minister Eduard Heger will become the new prime minister, while outgoing premier Igor Matovic will take his post.

Slovak president calls for PM to resign to end government crisis

bne IntelliNews March 24, 2021

So far four ministers have resigned in the rolling cabinet crisis and parliament has been adjourned amid the growing chaos.

Slovak Economy Minister resigns but coalition crisis rumbles on

bne IntelliNews March 23, 2021

SaS leader Richard Sulik says Prime Minister Igor Matovic must now fulfil his pledge to quit, but the two rivals still disagree about the balance of ministers in the cabinet.

VISEGRAD BLOG: Slovak political crisis threatens to derail reform drive

Robert Anderson in Prague March 21, 2021

The coalition infighting has demonstrated the weakness of the right and is a warning lesson for opposition parties in neighbouring countries.

MITTELEUROPEAN INSIGHTS: Central and Southeastern Europe head for a V-shaped recovery

Gunter Deuber and Nicolae Covrig of Raiffeisen Research in Vienna and Bucharest March 19, 2021

The moderate GDP setbacks in 2020 imply that for some CEE countries there will not be such drastic recovery and rebound effects in 2021 as in hard-hit countries in Western Europe.

Home Credit plunges to €584mn loss in 2020

bne IntelliNews March 18, 2021

Czech-owned consumer lending group adapts to COVID-19 by shifting to smaller loans and pushing digitilisation.

Rising inflation in Emerging Europe poses dilemma for central banks

bne IntelliNews March 17, 2021

With economies primed to rebound as pandemic restrictions are loosened, consumer prices could rise even further, reawakening an issue that has long been ignored.

Slovak health minister steps down to save government coalition

bne IntelliNews March 12, 2021

Political crisis follows prime minister's procurement of Russian Sputnik V vaccine despite objections from coalition partners.

Slovak coalition partners demand government changes

bne IntelliNews March 4, 2021

Prime Minister Igor Matovic has come under fire for his erratic style of leadership, which has become particularly evident during the government's poor handling of the COVID-19 pandemic.

Czechia considers using Russian vaccine without EMA approval

bne IntelliNews March 3, 2021

Visegrad Four break ranks with the EU again and reach deals to buy unapproved Russian and Chinese vaccines.

Army aircraft brings Russian Sputnik V vaccine to Slovakia

bne IntelliNews March 2, 2021

Slovak procurement is another propaganda coup for the Kremlin and could further destabilise the country's rocky four-party coalition.

Erste Bank net profit halves to €783mn in 2020

bne IntelliNews March 1, 2021

Austrian lender provisions for COVID-19 downturn but says it does not expect a significant increase in hard defaults after the expiration of debt moratoria in the region.

Slovak government under fire as COVID-19 death rate surges to worst in the world

bne IntelliNews February 18, 2021

Opposition calls for cabinet to resign, amid criticism of delays in imposing lockdown and poor communication with public.

Resilient emerging Europe labour markets to bounce back post-crisis

Clare Nuttall in Glasgow February 17, 2021

Unemployment growth has been modest and a return to tight labour markets is expected as economies recover from the coronacrisis.

RBI net income falls by 35% to €804mn in 2020

bne IntelliNews February 5, 2021

COVID-19 lockdowns hit income as Raiffeisen raises provisioning ahead of pandemic's after effects.