Slovakia
EV battery company InoBat Auto acquires site for Slovakia R&D centre
InoBat Auto says the factory will reduce EV manufacturers’ dependence on Asia and contribute to a strong European energy production and storage infrastructure.
Most Central, Southeast Europe economies contract in Q1 but outperform eurozone average
Performance ranges from a contraction of 5.4% q/q in Slovakia to growth of 0.3% q/q in Bulgaria and Romania.
Czech-Slovak billionaires Kretinsky and Tkac become fourth-largest shareholders in US Macy's
Investors might consider acquiring additional stakes if the uncertainty around the coronavirus pandemic that which forced the retail chain to close its stores causes a further fall in the share price.
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Retail sales under lockdown across Central and Eastern Europe are sinking
A worldwide lockdown has created havoc for retailers as their customers are forced to stay at home. There has been a little respite as sales in March surged due to panic buying but that has given way to a lockdown that keeps stores closed
CAPITAL ECONOMICS: Early signs point to steep economic downturn in Central and Eastern Europe (CEE)
There are encouraging signs that the authorities in Central Europe have brought the virus under control and policymakers are slowly starting to ease lockdown measures, which will support a recovery in activity, but a sharp slowdown remains inevitable