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CEE Central Eastern Europe
Mid Europa Partners' New Fund to Invest EUR 800 Mln in CEE
Mid Europa Partners, the British private equity firm focused on buyouts in Central & Eastern Europe, announced the final closing of Mid Europa Fund IV at €800 million, complemented by an additional pre-allocated co-investment program of €650 million. Fund IV represents the largest dedicated fund to the CEE Region raised in the last 5 years.
September 5, 2014
Austrian FDI: Current Developments 1Q 2014
In the first quarter of 2014, Austrian FDI abroad reached a value of 2.8 billion euros, which is less by about 30% than in the same period of 2013. Foreign direct investments in the same period into Austria stood at 1.4 billion euros. This is about 37% less than in the same period of last year.
July 29, 2014
Forecast for CESEE Countries (Webinar)
Central, Eastern and Southeastern Europe (CESEE) have been strongly affected by the economic crisis. However now there are signs of an improving economic climate and growth rates will again be above the EU average. The current situation in the Ukraine and potential difficulties between the EU and Russia constitute a downside risk.
June 24, 2014
Boyden Partners Met in Vienna to Discuss Emerging Markets Strategies
The annual global Boyden conference took place in Vienna. Despite the current political crisis in Ukraine the headhunting company sees good prospects of Austrian enterprises and managers.
May 23, 2014
“Romania Can Never Become the China of Europe”
Stabilization in Central and Eastern Europe (CEE) is becoming stronger. However, the political crisis in Ukraine is causing a feeling of insecurity among the population.
May 15, 2014
South Korean Bank Preparing for Business in CEE
Shinhan Bank, one of the largest banks in the South Korea, will open branches in Poland.
May 12, 2014
CEE: Surge in Sales for French Lafarge
The French building material group Lafarge saw a strong increase in sales in Romania and Eastern Europe in general.
May 9, 2014
German Retailer Metro Faces Massive Losses in CEE
Sales in CEE declined 14.8 percent last year for German retail and wholesale enterprise Metro Group.
May 9, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Immofinanz: Changes at Executive Board
Immofinanz – Dietmar Reindl appointed to the Executive Board
April 30, 2014
EU Enlargement: A Success Story for Central Europe
Austria is one of the main beneficiaries of the EU enlargement of 2004.
April 30, 2014
Erste Group: Dramatic Profit Decline Stayed Away
Net profits amounted to EUR 103.3 million. Erste Group aims to keep profits stable in the near future.
April 30, 2014
Austrian Banking Sector Making Losses
For the first time in 2013, the Austrian banks made losses in the amount of € 1.035bn.
April 29, 2014
Romania: Huge Increase in Commercial Real Estate Investments
Investments in commercial real estates rose by 256 percent year-on-year in Romania. However, investments in CEE declined.
April 18, 2014
S&P Upgrades Polish Banking Sector
Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.
April 16, 2014
S IMMO AG: Letting success in Sofia
The first quarter of 2014 brought encouraging successes in letting for S IMMO AG in Sofia, one of the company’s most challenging markets.
April 9, 2014
RBI Awarded Best Bank in CEE Once Again
Global Finance Awards: RBI again “Best Bank in CEE”.
April 7, 2014
RBI to Shut Down Affiliates on Crimea
The Ukrainian affiliate of Raffeisen Bank International (RBI) is closing all its affiliate on Crimea until mid-April.
April 7, 2014
Hungary: OTP Approaches Acquisition of MKB
MKB, the Hungarian loss-making affiliate of German regional lender BayernLB, is approaching its acquisition by the biggest lender OTP.
April 3, 2014
CEE: Economy Could Become More Vulnerable to Crimea Crisis
If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.
April 2, 2014
Ten Years After The 2004 EU Enlargement: Achievements and Next Steps
International Conference, Vienna, 24-25 April 2014
March 31, 2014
Austria: Economic Growth Slowly Getting in Gear
Wifo (Austrian Institute of Economic Research) projects economic growth in Austria to revive again only at the end of this year.
March 27, 2014
Low Inflation Still No Threat to CEE
Currencies in CEE should not be affected by low inflation, according to Erste Group.
March 19, 2014
CEE: Investments to Boost Economic Growth
In the coming two years economic growth in Eastern Europe is expected to accelerate to an average of two to three percent of GDP triggered by a boost in investments.
March 13, 2014
Poland: “Time for Belt-Tightening”
Poland is required to cut the deficit in the public finance sector.
March 13, 2014
Bank Austria to Focus on Growth Markets in the Future
Because of the high value of write-offs Bank Austria, CEE affiliate of Italian UniCredit, had to face record losses amounting to € 1.6bn. CEO Willibald Cernko, however, does not consider the bank having made any mistakes in the past.
March 12, 2014
Losses Running into the Billions for Bank Austria
Bank Austria’s results for the 2013 financial year.
March 11, 2014
Polish Financial Market Proves Strong
The financial market in Poland is resistant towards negative impacts resulting from the current political crisis in neighbor country Ukraine.
March 5, 2014
Poland: Banks Expected to Preserve Ratings
According to US rating agency Standard&Poor;’s, Polish banks will be able to keep their credit ratings this year.
March 4, 2014
Erste Group: Profits Decline
Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios.
February 28, 2014
Austrian Banks with Significant Exposure in Ukraine
Ukrainian crisis hits Western Banks in different state compared to 2008/09, according to RBI.
February 27, 2014
Poland: Fastest Growing Economy in EU
According to the EU Commission, Poland will see the fastest growth in 2014 among the largest former communist countries of the European Union.
February 26, 2014
Austria: Wifo Projects Gloomy Economic Outlook
A restrained economic growth, high unemployment rate and measures for the consolidation of the state budget are the factors which affect the economic development on a medium-term.
February 21, 2014
CEE Financial Markets under Pressure as Riots Continue in Ukraine
CEE markets under pressure as Ukraine violence heats up. Biggest direct risk to Polish Zloty, but also to Hungarian Forint and Romanian Leu.
February 21, 2014
Austria Most Popular Country among Hungarians
93 percent of Hungarians feel compassion towards Austria.
February 19, 2014
Erste: CEE Financial Market Not Concerned by Low Inflation
Low inflation will not change CEE market forecasts, according to Erste Group.
February 18, 2014
Nowotny: Negative Interest Rate Conveys Feeling of Crisis
Ewald Nowotny, member of the Council of the ECB (European Central Bank) and governor of the Austrian National Bank (OeNB), expressed his rejection regarding a possible negative interest rate for banks.
February 18, 2014
Erste Group: Net Results Below Expectations
Erste Group provides business update for 2013: Improvement in risk costs is outweighed by one-off items and tax effects, impacting net profit
February 11, 2014
Ukraine: Tough Market for Foreign Banks
The coming two years will be challenging for foreign banks operating in Ukraine.
February 11, 2014
Vienna Insurance Group Shines in the Czech Republic
VIG continues to expand its market leadership in its largest CEE market.
February 11, 2014
CEE: Still Growth Market in Real Estate Sector
The region is still a growth market in the real estate sector even after the crisis. However, the legal situation in some CEE countries can be a pitfall to real estate companies.
February 10, 2014
Ukraine: RBI Examines Offers
Raiffeisen Bank International (RBI) has received a total of twelve offers for its Ukranian affiliate.
February 10, 2014
Austrian Industrial Sector only Sees Weak Recovery
The Federation of Austrian Industries (IV) warns about a fragile economic recovery.
January 30, 2014
Uniqa Kosovo Grows Twice as Quickly as Market
Premium volume up 22.9 per cent in the first nine months of 2013. Non-life grows twice as quickly as the market
January 30, 2014
VSE and Kazakhstan Stock Exchange to Intensify Cooperations
Vienna Stock Exchange (VSE) and Kazakhstan Stock Exchange intensify cooperation – joint data vending agreed.
January 30, 2014
S&P to Establish CEE Center in Poland
Warsaw will be the new CEE focal point of Standard&Poor;’s (S&P) as the US rating agency announced establishing an office in Warsaw.
January 29, 2014
Uniqa Montenegro Increases Market Share
Market share expands to 14.6 per cent. Non-life premium volume increases to 6.7 million euros.
January 28, 2014
Austria: Sberbank Affected By Further Costs
Sberbank is faced with further aids for Austrian Volksbank International (VBI). So far the Russian bank has pumped a total of € 1.3bn into Sberbank Europe.
January 27, 2014
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