After a vintage 2019, almost €2bn worth of deals were expected to close in the hotel sectors of six Central and Southeast European countries this year, but these are looking increasingly unlikely to complete, says a report from law firm CMS.
The Institute of International Finance (IIF) released updated forecasts for economic growth this year for the Central and Eastern Europe (CEE) countries that show a sharp slowdown in 2020 and all except Turkey will return negative results.
Equity and bond markets have been rocked by record volumes of outflows since the end of February in one of the biggest sell offs ever, but the pace of selling seems to be slowing in the last few days, said the Institute of International Finance (IIF)
Economic consultancy Capital Economics has slashed its growth forecast for the Central and Eastern Europe (CEE) to a 2% y/y contractions from the previous 2.3% expansion in 2020, as a result of the coronavirus.
Cases have doubled in less than three days in several countries in the region, as governments desperately fight back with lockdowns.
There is a new acronym in the economists' lexicon: VUCA. It is short for “Volatile, Uncertain, Complex and Ambiguous” as pundits are struggling to explain a crisis that is coming at us from all sides simultaneously.
Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.
The Czech Ministry of Finance has decided to regulate respirator and face mask prices, in effect from March 4, to prevent panic-driven profiteering, the ministry announced in its press release published on March 4
Czechs are no longer to be considered a nation of climate change sceptics, 84% of them agree that climate change caused by mankind threatens the future of humanity, according to results of the polling agency survey STEM published on March 3.
The growth of the Czech economy posted the weakest figures since 2016, down to 2.4% year-on-year in 2019 from 2.8% in 2018, driven by the domestic demand, according to the Czech Statistics Office (CSO) report published on January 3.
Czech economy slowed to 1.8% in 4Q19, but domestic demand remained surprisingly strong. But given the rising uncertainty amid Covid-19 outbreak, we expect growth to dip below 2% this year but the market pricing of almost four rate cuts are a bit too
The Czech Republic reported its first three cases of people infected with the coronavirus. Two people were hospitalized in Prague's Na Bulovce Hospital and one in the Masaryk Hospital in Usti nad Labem, the Minister of Health said
The Czech manufacturing sector PMI recovered somewhat to 46.5 in February, after it crashed to 45.2 at the start of the year
Smattering of confirmed cases seen as a precursor to a wider outbreak anticipated in the region in the coming weeks.