Central Europe / News

ECB shuts down troubled Latvian lender PNB Banka

Levente Szilagyi in Budapest August 16, 2019

The ECB assessed that PNB Banka was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.

Fast fashion giant Primark prepares to expand in Poland

bne IntelliNews August 16, 2019

Eastern expansion continues after Primark opened its first CEE store in Ljubljana in June.

Estonian coalition agrees on pension reform bill

Levente Szilagyi in Budapest August 14, 2019

The new pension scheme would allow people to opt out of the second pillar or suspend payments from 2020, which the IMF warns will increase the burden on future generations and lead to people cashing out their savings.

Subscription to Hungary's retail "superbond" exceeds €4.6bn

Levente Szilagyi in Budapest August 7, 2019

Retail investors subscribed to HUF1.5 trillion (€4.6bn) of the new five-year so-called retail “super bond,” since the beginning of June, the government announced on August 6.

Hungarian bond yields headed for record lows

bne IntelliNews August 7, 2019

Hungarian government bond yields declined by around 100bp over a five-month period in July and are heading for historic lows, local media reported on August 6.

Hell Energy adds new production line to keep up with robust demand

Levente Szilagyi in Budapest July 22, 2019

Hungarian leading energy drink maker boosts production to extend its lead in one of the fastest-growing segments of the country's FMCG market.

Brussels moves forward procedure to ensure political independence of Polish judges

Wojciech Kosc in Warsaw July 22, 2019

The European Commission has given Poland two months to change the new disciplinary regime imposed on the country’s judges by the ruling PiS party.