EU leaders said they will consider all options against the Syrian government and Russia for atrocities committed in Aleppo, but met resistance from Italy in the issue of imposing new economic sanctions.
The lower house of the Czech parliaments approved a bill to introduce a debt brake mechanism as it seeks to stem future excess borrowing.
Patrick Tkac, one of the two main shareholders of the company, has agreed to sell up to partner Daniel Kretinsky.
A combination of factors is creating the conditions for a boom in Central and Eastern European defence procurement. But as Poland’s sudden decision to scrap a $3.5bn helicopter deal shows, the region remains a tricky place to do business.
Erste plans to roll out "banking for the unbankable" across CEE, seeing its social banking drive as an investment in a future generation of successful entrepreneurs.
A series of successful large-scale investments in the consumer sector have raised interest in Southeast Europe among private equity. However, potentially attractive privatisations deals within the region have so far proved elusive.
Czech industrial production swung to an increase of 13.1% y/y in August following July’s steep decline of 14.1% y/y, data from the statistics office showed on October 7.
RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.
The improvement will be welcome, especially in Poland where industrial output has proved weaker than hoped throughout most of the year. The rebound follows early signs of an uplift in the Eurozone and a turnaround in confidence in Germany.
Estonia and the Czech Republic top the CEE chart in the Global Competitiveness Index 2016-2017. While Hungary slumped to the bottom of the pile with the largest slide in the region, Poland surged up the table.
Hungarian PM Orban is reportedly planning to propose a change in the Lisbon Treaty. He is said to want to boost his standing as a European heavyweight, but might be over-playing his hand.
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