CESEE

Sberbank Threatens to Sue VBAG

Last year, VBAG has sold VBI (Volksbank International) to Russian Sberbank. Now, Sberbank is highly dissatisfied with the performance of VBI.

February 19, 2013

Assets Become More Risky in CESEE Countries

According to S&P, the exposure of Austrian banks in the CESEE region has become more risky.

February 15, 2013

Economic Growth: Baltic Countries Ahead

Euro area GDP down by 0.6% and EU27 down by 0.5%. The CESEE countries show mixed results. Lithuania, Estonia and Latvia have performed best in 2012.

February 14, 2013

CESEE: Banking Industry Slightly Optimistic

Unlike their counterparts in Central and Eastern Europe, Czech bankers are relatively satisfied with the performance of the domestic banking market.

February 11, 2013

CESEE Office Market Shows Solid Fundamentals

CESEE office market is undergoing a stable development; rental levels remain largely solid in most of the region, Erste Group says.

February 11, 2013

CESEE: Economic Outook Brightens Slightly

According to a survey carried out by OeKB (Austrian Clearing Bank), investors in the CESEE region are more optimistic.

February 6, 2013

Slovak Property Market Recovers

For the first time since 2008, property prices were up in the fourth quarter of 2012.

February 6, 2013

Slight Upward Trend for CESEE Countries

The economic crisis in the Eurozone has hit the CESEE countries particularly hard, EBRD reports. 2013 will be a better year.

February 1, 2013

S&P Upgrades Austrian Provinces

After the upgrade of Austrian sovereign bonds, the U.S. rating agency amends the outlook for six Austrian provinces from „negative“ to “stable”.

January 31, 2013

Nowotny Underlines Improving Outlook

Ewald Nowotny, governor of Austrian National Bank (OeNB) stresses that not many countries were upgraded by the rating agencies in the last years.

January 30, 2013 · Updated: January 30, 2013; 18:34

“Operations of Austrian Banks in CESEE Region Are a Success Story“

Regarding the Austrian banking sector, governor of OeNB (Austrian Central Bank) Ewald Nowotny demonstrates cautious optimism.

January 30, 2013

Austria: Non Performing Loans on the Rise

According to RBI´s (Raiffeisen Bank International) CEO Herbert Stepic, the NPL quota has risen in Austria last year.

January 29, 2013

„Our Future is Central and Eastern Europe“

Andreas Treichl, CEO of Austrian Erste Group, stresses the importance of the CESEE region and the necessity to become more efficient.

January 29, 2013

“Germany overestimated, USA and China underestimated”

Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.

January 26, 2013

IMF: Growth in CESEE Region to Accelerate

In the next three years, economic growth rates in central, eastern and southeastern Europe will return to the pre-crisis level, IMF says.

January 23, 2013

Erste Group´s CEO Wants to Create CESEE Stock Exchange

Andreas Treichl, CEO of the Austrian banking group, would like to create an alliance between CEE Stock Exchange Group (CEESEG) and Warsaw Stock Exchange (WSE).

January 23, 2013

CESEE Property Market Highly Heterogeneous

In Austria, the yield is expected to shrink further. However, the investments will be stable, CBRE Austria says. In the CESEE region, the situation is ambiguous.

January 21, 2013

Poland´s Rating Not Endangered

According to the U.S. rating agency Fitch, Poland´s “A-“ rating is “robust”.

January 21, 2013

Stepic on Austrian Banking Sector: „There is some Need for Reforms”

In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.

January 19, 2013 · Updated: January 19, 2013; 19:31

Hungary Wants Tax Treaty with Switzerland, Germany and Austria

Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.

January 17, 2013

Citizens in CESEE Countries Tend to Pessimism

According to a survey carried out by the opinion research institute marketagent.com, pessimism in the countries of central, east and southeast Europe persists.

January 16, 2013

Nowotny: “The Worst Is Over”

OeNB´s (Austrian National Bank) governor Ewald Nowotny thinks that the economic situation in the Eurozone has become more stable.

January 16, 2013

Stepic: „CESEE Region Faces Challenging Year“

RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (3)

Foreign players have an important role in the local markets and increased the share of CEE assets within their groups' total assets over the last years.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)

Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (1)

The CEE banking sector keeps showing good profitability with revenue margins narrowing but still above Western European levels.

January 15, 2013

CESEE: Chakrabarti Expects Stabilization

In an interview with the Austrian news magazine „Standard“, EBRD´s President Suma Chakrabarti demonstrates cautious optimism. 2013 will be a better year for the CESEE region, he says.

January 14, 2013

Fitch: Austrian Banking Industry Depends on CESEE

According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.

January 14, 2013

Heineken Shuts Down Viennese Headquarters

The Dutch beer producer shifts its CEE-headquarters from Vienna to Amsterdam.

January 14, 2013

First Signs of Economic Recovery

Liquidity is driving the markets, global monetary policy remains heavily expansive. Muted growth outlook for CEE.

January 10, 2013

Generali to Expand into CESEE Region

The Italian insurance group wants to strengthen its market presence in central, east and southeast Europe. The minority stake in the Czech insurer PPF will be acquired.

January 8, 2013

“2013 will be a better growth year for CEE than 2012”

Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.

January 7, 2013

CESEE: Economy Slows Down Further

CEE macro downturn to hit trough in Q1 2013; forecast GDP growth 2013: Poland 2.2%, Slovakia 1.3%, Romania 1.1%, Erste Group says.

January 7, 2013

CESEE Equity Market: Upside Trend after Slow Start

Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.

January 7, 2013

CESEE: Construction Industry Shrinks Further

The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.

January 5, 2013

Alpine: New Management Under Pressure

The Austrian construction company fights for survival. At the beginning of January, the management has to present a restructuring package.

December 29, 2012

Automotive Industry in CESEE Region Booms

According to an analysis issued by Austrian Erste Group, every fourth car produced in the EU in 2013 will be "Made in CEE".

December 28, 2012

„We Have to Work Longer“

Christian Keuschnigg, director of the Austrian Institute of Advanced Studies (IHS) demonstrates optimism.

December 27, 2012

WIFO: „Shut Down Hypo Group“

The Austrian Institute of Economic Research (WIFO) recommends closing the nationalized banking group. The number of banks is expected to shrink radically.

December 27, 2012

Alpine to Cut a Third of its Workforce

The Austrian financially stricken construction company has to implement radical restructuring measures.

December 21, 2012

CESEE: Deposit Growth Slows Down

Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.

December 21, 2012

CESEE: Airline Industry in Severe Crisis

The airline industry in East and Southeast Europe faces enormous difficulties. Not only Polish LOT needs immediate help.

December 21, 2012

CESEE Asset Quality: “Not out of the woods”

In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.

December 20, 2012

Raiffeisen: “No signs of a regional deleveraging trend in CEE”

Cross-border exposures of European BIS-reporting banks to CEE (and the subregions CE and SEE) showed a modest decline in Q2 2012. This performance was driven by a cut in more or less all relevant CEE countries.

December 20, 2012

CESEE Banking Sector: Improving Market sentiment, but Slower Growth

The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.

December 20, 2012

Bank Austria: Poland and Turkey are Most Attractive

According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.

December 19, 2012

“CEE Strong Than Western Eurozone”

Erste Group publishes its Outlook Stock Markets and Vienna Stock Exchange 2013. The Sovereign debt remains the biggest problem, Erste Group says.

December 19, 2012

Siemens Austria: Dividends Reach € 750m

This year, the Austrian subsidiary of the German technology group recorded a moderate profit decrease.

December 18, 2012

Verbund Posts Managing Board Positions

The Austrian energy group is looking for new management board members in the period from 2014 to 2018.

December 18, 2012

CEE Countries May Join Banking Union

ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.

December 13, 2012
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