Czech and Slovak premiers call for left to refocus on living standards and workers' rights.
Despite the external blows of Brexit and then ‘Trumpquake’, there was a general improvement in Central and Eastern Europe’s transaction climate in 2016.
Polish manufacturing picked up in November with the Markit PMI manufacturing index rising from October’s 25-month low of 50.2 to 51.9 in November, indicating a stronger overall rate of growth in the sector.
Central European factories remain on an uncertain footing, purchasing manager indices suggest, despite further signs of recovery in the Eurozone.
Polish GDP expanded 2.5% on the year in the third quarter. The disappointing growth was driven by the biggest fall in investment since 2010, leaving consumption the lone pillar of economic growth. The worry is that will fade early next year.
Poland's consumer price index remained unchanged y/y in November, the first time prices did not drop since July 2014, statistics office GUS announced in a flash estimate on November 30.
Spending in areas with longer term payoffs are particularly crucial in CEE, where innovation and productivity are low.
Enterprise Investors exits Romanian supermarket chain for €533mn after successful expansion programme targeting rural areas.
The Polish government has pushed a bill to lower the retirement age through parliament. The move poses risks for the budget and the economy.
Polish industrial production contracted 1.3% y/y in October, data from statistical office GUS showed on November 21. The weak result casts severe doubt on GDP growth for the final quarter of the year.
Polish retail sales grew 4.6% y/y in constant prices in October, statistics office GUS announced on November 21. The reading is weaker than September’s growth of 6.3% y/y, and dents somewhat hope for a GDP growth rebound in the final quarter of the
Slovak officials claimed on November 18 that its ‘effective solidarity’ proposal has been met with interest. That appears at odds with anger expressed by other member states.
The performance of Central European and Baltic countries to stem corruption in the political system continues to be middling to poor, Transparency International’s (TI) Global Corruption Barometer suggested on November 16.
GDP growth in Central Europe slumped in the third quarter, dragged down by the collapse of investment and signs of slowing industry.
Polish GDP expanded just 2.5% on the year in the third quarter of the year, the country’s statistics office reported in a flash estimate on November 15.
Poland's consumer price index dropped 0.2% y/y in October, trimming its fall from 0.5% the previous month.
The Baltic states presented a calm front in reaction to the shock victory of Donald Trump in the US presidential election.
A Polish-Hungarian insurance and energy consortium is amongst a list of six suitors to have submitted preliminary bids for SABMiller’s Central and Eastern European beer brands.
Stores in Hungary, Poland and Romania to shut as UK-based retailer reports fall in profits.
“Western politicians haven’t forgiven Russia for Crimea, but the markets have.” The Russian bond market is booming in a welcome relief for the Kremlin. The rest of CEE not so much, as the ECB QE programme depresses yields to historic lows.
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