Papa: CEESE To Keep Growth Advantage

Business › n.a. ♦ Published: June 6, 2013; 11:59 ♦ (Vindobona)

Deputy CEO of Bank Austria Papa sees a long-term potential in CESEE countries. Bank Austria is expecting a growing credit business apart from the favorable economic outlook in the region.

Papa: CEESE To Keep Growth Advantage / Picture: © UniCredit Group

The tangible growth advantage of Eastern European economies is around two percentage points compared with the Eurozone. In an interview with Gianni Franco Papa, Deputy CEO and head of the Eastern European department of Bank Austria, estimates that there will be no major change in the near future.

Even if the economic development is different in the individual countries, the…

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Banking Industry, Russia, Turkey, CESEE, Italy, UniCredit, Bank Austria, Economic Growth, Gianni Franco Papa
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