Hungary’s Takarekbank expects the local economy to grow by a real 0.7% y/y in 2013, keeping the estimate unchanged from its previous forecast in June 2013, MTI news agency reported. The forecast is in line with the government's expectations. The country's GDP growth is expected to accelerate to 1.7% y/y in 2014.
Takarekbank has revised its projection for the annual average inflation in 2013 to 1.9% from previously expected 2%. It also cut next year's projection to 1.7% from 2.9%. The revision reflects the cabinet’s decision to reduce household gas, electricity and district heating prices.
Referring to monetary policy, Takarekbank expressed a view that the central bank could cut the base rate to 3.50% from current 3.80% without any serious risk to the forint's exchange rate or financial stability. The ease, however, could only take place if the sentiment on the global markets continues to improve.
EU funds should not be held hostage to politics, a senior Slovak minister insisted on June 27 as the European Commission debates placing conditions on cohesion funding. The idea of limiting funds ... more
Hungarian trucking company Waberer’s said on June 19 that it is seeking a market capitalisation of up to €350mn as it issued a pricing range for its IPO on the Budapest Stock Exchange. The ... more
Slovakia has made not offered the European Commission a pledge to take part in the migrant quota scheme, Prime Minister Robert Fico suggested to parliament on June 15. The statement comes shortly ... more