Analysts weighing up likelihood of wave of food nationalism and protectionism as coronavirus roils markets.
With academics warning Turkey may face pandemic “catastrophe”, local corporate titans suggest it might be better for country to bite bullet and go for short, sharp shock rather than long, drawn-out battle.
Hungarians are only allowed to leave their homes to go to work or to run essential errands, PM Viktor Orban announces, as virus reaches the community transmission stage.
The Hungarian National Bank projects a growth slowdown, but still expects Hungary to perform better than eurozone countries. Most analysts take a gloomier view and forecast a recession.
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 growth in the number of confirmed COVID-19 cases has accelerated recently in Croatia, Romania and Serbia.
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.
Experts worry that Russia is ill-prepared to deal with a spike in infections thanks to the neglect of health system reform.
The vote plunges the country back into political instability as the authorities are bracing for more cases of COVID-19.
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)
AIFC financial hub seeking to create regional centre for Chinese yuan-based clearing and settlement.
Burden seen as Turkey’s biggest headache in wake of currency crisis. Figures come amid pandemic as analysts say idea EMs will face ‘sudden stop’ in capital flows is starting to gain traction.
Real estate consultancy points to the strong IT&C, scientific and professional services sectors in the Romanian capital are helping to protect property market from the fallout from the pandemic.
Economy to be dragged down by to the almost complete shutdown in the service sector and suspension of production in the vehicle industry, says a forecast by GKI.
Grounding the entire fleet remains a distinct possibility, but CEE's biggest low cost carrier says it is confident it can survive even a prolonged grounding.
“If the necessary measures are not taken, Turkey will be like Italy or Spain, where the daily death toll is in the hundreds,” says Turkish professor.
Serbia has introduced tough new measures to contain the spread of COVID-19 after appealing to China for help.
Decision "sends a loud and clear message to the Western Balkans: your future is in the EU,” said Enlargement Commissioner Oliver Varhelyi.
Prime Minister Denys Shmyhal caused a short flurry when he inadvertently said Ukraine would “restructure” its external debt when he meant to say “refinance” during a TV interview on March 23.
A final version of Ukraine’s banking law that prevents the state returning a nationalised bank to its former owner has been agreed with the IMF and should be presented to the Rada in the coming days.