Czech Real Estate Market Is Top CEE Performer

Prague skyscrapers in blue hour with purple sky. Modern building architecture after sunset. Office center in capital city. Czech republic lighting buildings.

Prague was CEE’s top performer for office investment during the first nine months of 2017, the Czech capital seeing deals worth a total of 746 million euros completed during that period. The rise in investment activity over the past few years reflects growing investor appetite in view of the market’s economic and political stability, transparency and higher returns.

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HSBC Opens Warsaw China Desk

HSBC –  the world’s seventh largest bank by total assets and the largest in Europe – announced on January 4 that it is to launch a business desk in Poland, to facilitate trade and investment flows between China and the growing economies of Central and Eastern Europe (CEE). The bank’s new Warsaw China Desk will focus, in particular, on Poland, the Czech Republic, Slovakia, Hungary and Romania, which together have attracted the bulk of China’s investment in the region. The move comes as bilateral trade between China and the region grew to nearly 59 billion US dollars in 2016, up 4.3 per cent year-on-year.

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Romanian Transport Infrastructure Failures Pile Up

Cernavoda Romania - June 20 2012: Construction works at the A2 highway connecting Romania's capital Bucharest to Constanta.

Romania ended 2017 without seeing any major new infrastructure projects completed. Despite the various promises of Razvan Cuc, Minister of Transport from January to October, who back in June claimed that at least 90 kilometres of new motorway will open this year, not a single metre of new highway has in fact been completed. Stefan Ionita, boss of CNAIR – the national roads company – also claimed (in March) that 90 kilometres of motorway would be completed last year.

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New Start-Up and Innovation Report Names Estonia and Slovenia as Market Leaders

Tallin, Estonia - July 06,2017: Scenic view of the modern part of the city of Tallin, Estonia

Local innovation has progressed in a spectacular way over the past decade throughout Emerging Europe, although there are still countries – in particular Albania, Azerbaijan, Bosnia and Herzegovina, Moldova, Montenegro and Serbia – which lag behind. That is one the key findings of a major new report looking at start-up innovation and investment in Emerging Europe published by East-West Digital News (EWDN) in December 2017.

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China Eyes Moldovan Trade Agreement

CRICOVA MOLDOVA July 24 2017 :Underground wine cellar with collection of bottles in niches. Winery with 120 km of underground passages for wine storage

China and Moldova have formally agreed to begin talks on the establishment of a free-trade deal. Officials from the two countries signed an agreement in Beijing on December 29 following the completion in May of a six-month joint feasibility study. Its results recommended that establishing a free-trade deal would be conducive to deepening bilateral ties, tapping the potential of economic and trade cooperation, and promoting economic development in both countries. Moldova lies on the One Belt One Road/New Silk Road route and is potentially an important Eurasian trade partner for China. In 2014 it signed an Association Agreement with the EU.

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Bulgaria Ski Resort Plans Concern WWF

Bansko, Bulgaria - December, 6, 2015: Two Bansko cable car cabins and snow mountains peaks

Plans to create one of Europe’s largest ski areas in the mountains above the Bulgarian town of Bansko moved closer to reality on December 28 when the country’s government approved a new management plan for Pirin National Park. According to the World Wildlife Fund (WWF) the new management plan may eventually allow construction in up to 48 per cent of the park, a World Heritage site home to bears, chamois, wolves and centuries old pine forests. The decision, announced a few days before Bulgaria takes over the Presidency of the European Council, came a day after the closure of a public consultation on the proposed changes, but makes no mention of the consultation’s outcome.

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