Sponsored Content
Hungary
Ukraine: Tough Market for Foreign Banks
The coming two years will be challenging for foreign banks operating in Ukraine.
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
Hungary: Why Orban Faces Another Victory
At the beginning of April, Hungary will hold elections. Despite a high level of dissatisfaction and political frustration, there will be no government change.
February 7, 2014 · Updated: February 7, 2014; 17:59
FHB Bank Acquires Stake in Takarek Bank
The largest Hungarian mortgage bank becomes a core shareholder of the Hungarian savings bank Takarek Bank. Takarekbank is an umbrella bank for the Hungarian savings bank sector.
February 7, 2014
“Fragile Recovery in CEE Banking Sector”
According to the U.S. rating agency Fitch, the banking sector in Central and Eastern Europe is highly heterogeneous.
February 6, 2014
CESEE: Stuck in Transition or Just a Break?
Despite all difficulties in Central, Eastern and Southeastern Europe, the region remains essential for Austria. The long-term growth potential remains intact.
February 6, 2014 · Updated: February 6, 2014; 13:41
Hungarian National Bank: Market Manipulation Caused Fall in Forint
Hungary´s currency is under pressure again. In the last few weeks, the Forint has fallen substantially against the euro.
February 5, 2014
Roubini: Hungary in Difficulties
A number of emerging countries are facing enormous problems, according to economist Nouriel Roubini. Also countries in Central, Eastern and Southeastern Europe are affected.
February 5, 2014
„Hungary and Austria Must not Become Enemies“
Ewald Nowotny, governor of the Austrian National Bank (OeNB) wants a solution between the Hungarian government and the Austrian banking sector.
February 4, 2014
CESEE: Corruption Is Still a Major Obstacle
The European Commission has published its first Anti-Corruption Report today. Above all, the economies in Southern and Southeastern Europe are suffering from corruption.
February 3, 2014
„We Must Watch CESEE Very Carefully“
In an interview with the Austrian daily „Standard“, board member of Österreichische Kontrollbank AG Angelika Sommer-Hemetsberger said that the economic crisis in CESEE is not over yet.
February 3, 2014
Hungary: Next Currency Crisis Ahead
The extremely loose monetary policy begins to become a problem for Hungary. The forint exchange rate is going up considerably.
February 1, 2014
KBC Does Not Leave Hungary
The Belgian lender rejected rumors saying that the Hungarian unit may be sold. Not only KBC faces enormous difficulties in Hungary.
February 1, 2014
OTP: Takeover of Croatian Banco Popolare Fixed
On Friday Hungarian OTP signed a deal to take over Croatian affiliate of Italian Banco Popolare.
January 31, 2014
Hungary: Stable Economy, Weak Currency
According to Prime Minister Orban the volatility of the Hungarian Forint is based on global factors.
January 31, 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
Capital Increase at RBI Hungary
RBI (Raiffeisen Bank International) will make a capital injection of € 55m in its Hungarian affiliate
January 28, 2014
OECD Shows Great Concern over Hungarian Economy
According to the OECD, the country’s recovery from recession will be weak in 2014 and 2015
January 27, 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
RBI Not to Be Sold to Hungarian State
Hungarian Minister Varga announced that the Hungarian state had no interest in taking over RBI’s local affiliate. Instead, RBI announced that staying in Hungary was “the right decision”.
January 23, 2014
Erste to Maintain Business in Hungary
According to CEO of Erste Group’s Hungarian affiliate, the bank will remain in the country to expand business activity.
January 21, 2014
Croatia: Hungarian OTP to Acquire Banco Popolare Croatia
OTP will, according to media reports, take over Banco Popolare Croatia which has a market share of only 0.56 percent.
January 21, 2014
Kotian: “Growth in CEE is Accelerating“
In an interview with Austrian daily “Wirtschafts-Blatt”, CEE expert at Erste Group, Juraj Kotian, points out that the bond market is expected to see growth supported by the successful reduction of debts and high economic growth.
January 20, 2014
„Hungarian Economy Must be Rearranged“
István Töröcskei thinks that the Hungarian banking sector is highly interesting. In general, the financial sector must help to develop the Hungarian economy, Töröcskei argues.
January 18, 2014
Oberbank Continues Expansion Strategy
The Austrian regional bank considers Vienna and the Czech Republic as potential growth markets.
January 17, 2014
Hungary: Forex Loan Problem to be Solved
According to the Hungarian National Bank (MNB), the problem of the foreign-exchange loans could be solved in the next half year.
January 17, 2014
WSE to Become Regional Leader?
The Warsaw Stock Exchange (WSE) hopes to take over a “dominant” role in trading in Central Europe, as announced by GPW, the bourse’s operator, on Thursday.
January 17, 2014
CESEE: Massive Increase in Real Estate Investments
In Central, Eastern and Southeastern Europe, the total volume of real estate transactions totaled € 10.bn last year. Most transactions were recorded in Russia and Poland.
January 15, 2014
IMF and EBRD Deeply Concerned Over CESEE
Foreign banks continue to withdraw capital from the region. According to the International Monetary Fund, the development is highly considerable.
January 14, 2014
CESEE: Number of NPL Declining
According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.
January 14, 2014
Fitch: Positive Comment on Raiffeisen Bank International
According to the U.S. rating agency, the planned capital increase is evaluated positively. In certain CESEE market, RBI´s operations will remain challenging, Fitch said.
January 11, 2014
Hungary: Further Monetary Cuts Not Unlikely
Adam Balog, deputy governor of the Hungarian National Bank (MNB), argues that there is still downward potential.
January 10, 2014
Hungary: Austrian Farmers Still Left in the Dark
There is still no clarification in the controversial Hungarian land law for Austrian farmers and land owners.
January 9, 2014
RBI: No Withdrawal from Hungary
Due to massive losses, the second-largest lender in CESEE was said to leave the difficult Hungarian market. RBI denies such reports.
January 8, 2014
Hungary: SZKB to Take over Hungarian RBI?
Hungarian Economy Minister Mihaly Varga considers it unlikely for Szecheny Commercial Bank (SZKB) to take over the Hungarian affiliate of Raiffeisen Bank International (RBI).
January 8, 2014
Hungary Amending Figures of Budget Deficit
Hungarian Finance and Economy Minister Mihaly Varga announced that the budget deficit of 2013 will be below the target after it was lowered dramatically.
January 8, 2014
Growing Evidence for RBI’s Withdrawal from Hungary
According to media reports, Hungarian partly nationalized Szechenyi Commercial Bank has placed an offer for the take-over of RBI’s Hungarian affiliate.
January 7, 2014
Hungary: Erste Group Confident
The third-largest lender in CESEE underlined that the Hungarian subsidiary will not be sold. The Austrian bank is confident to reach the turnaround soon.
January 6, 2014
First Offer for RBI´s Hungarian Subsidiary
The partly nationalized Hungarian lender Szechenyi Bank is interested in the Hungarian subsidiaries of the Austrian banks Erste Group and Raiffeisen Bank International.
January 6, 2014
Southeastern Europe Endangered of Civil Unrests
According to the Economist Intelligence Unit, several CESEE countries may face civil unrests in 2014. In particular, Southeastern Europe is in the danger zone.
January 4, 2014
Hungary: MKB Bank Sells Romanian Subsidiary
As announced in a statement Hungarian MKB Bank has sold its entire stake of its Romanian subsidiary.
January 3, 2014
CEE: Economic Sentiment Cautiously Optimistic
The economic sentiment for Eastern European countries is becoming more optimistic, however, only cautiously. Poland is on top of the list of economists at JP Morgan.
January 2, 2014
Hungary: Best Economic Outlook since 2002
After the country had left the double-dip recession, the Hungarian economic sentiment index has reached the highest level in more than 11 years. Nevertheless, the country still has to manage number of fundamental risks.
December 28, 2013
AXA Leaves Hungary
Austrian Vienna Insurance Group takes over 100% of AXA Hungary.
December 27, 2013
Hungary: Positive Outlook, Negative Frame Conditions
In the short term, Hungary´s economy will accelerate. However, it is still uncertain whether the country achieves a sustainable return to growth.
December 21, 2013
CESEE: Dependence on Foreign Demand Remains Main Obstacle
In 2014, Central, Eastern and Southeastern Europe (CESEE) faces a slight upward trend. The structural difficulties persist, however.
December 21, 2013
Stable Outlook for CESEE Banking Industry
According to the U.S. rating agency fitch, the sector outlook remains stable in Central, Eastern and Southeastern Europe. However, the well-known risks and weaknesses will persist.
December 19, 2013
CESEE: Potential to Return to Pre-Crisis Growth
According to a report published by the business adviser McKinsey, countries of Central, Eastern and Southeastern Europe are fundamentally strong.
December 18, 2013
Hungary: Slower Monetary Cuts
After another base rate cut, the next monetary steps will take more time.
December 18, 2013
Fast News Search
