High Real Estate Prices at Home Force Czech Investors Abroad

Construction of the Petrin lookout tower in Prague Czech Republic

A lack of commercial property at acceptable prices is forcing some of the largest Czech investment funds to seek better deals abroad. The leading Czech real estate fund ČS Nemovitostní Fond bought an office building in Warsaw for more than 116 million euros early in August 2017, and in September acquired Galeria Słoneczna, a shopping centre in Radom, for 164 million euros. The ČS Nemovitostní Fond, which is the oldest and largest shared fund in the country, has also been buying up property in neighbouring countries in recent months. Continue reading High Real Estate Prices at Home Force Czech Investors Abroad

Estonia Leading CEE Country in WEF Competitiveness Index

pharmaceutical factory woman worker operating production line at pharmacy industry manufacture factory

Switzerland, Singapore and the United States once again occupy the podium places in the World Economic Forum’s (WEF) Global Competitiveness Index. A number of CEE countries rank in the top 50, the highest of which is Estonia (29th), followed by the Czech Republic (31st), Lithuania (35th), Poland (36th) and Azerbaijan (37th). Albania improved its ranking the most, moving up 13 places to 80th. In general, however, all other CEE countries showed clear signs of an economic slowdown. Continue reading Estonia Leading CEE Country in WEF Competitiveness Index

UK Economic Growth Slows as Brexit Uncertainty Bites

flags of UK and EU combined over icons of London - Brexit concept

The International Monetary Fund expects the UK economy to grow slower this year and has cut its forecast from 2 per cent to 1.7 per cent. For now, the forecast for 2018 remains unchanged at 1.5 per cent. In the aftermath of last June’s referendum the economy initially proved resilient but in recent months – largely driven by a tumble in the value of the pound – inflation has spiked to almost 3 per cent, squeezing real wages. Continue reading UK Economic Growth Slows as Brexit Uncertainty Bites

IMF Increases Growth Forecast With Emerging Europe Prominent

Dambovita river and center of Bucharest at sunset time Romania.

The global economy is speeding up but caution is needed. That was the message from leading economists after the International Monetary Fund (IMF) increased its growth forecasts, with global output growth no expected to increase from 3.2 per cent in 2016 to 3.6 per cent this year, and 3.7 per cent in 2018. But the global economy’s recent recovery may not last, despite a pickup in activity in all western countries except the UK. High asset prices, rapid credit growth in China, political turmoil in Catalonia and a cliff-edge Brexit are the primary risks. Continue reading IMF Increases Growth Forecast With Emerging Europe Prominent

Global Players Dash for Tempting CEE

dollar pound euro coin on euro background.

News is spreading. Long viewed by Western European and American financial institutions as a safe place to do business, private and public investment funds from parts as distant as Asia and Africa now view Central and Eastern Europe as more attractive than some western economies. That’s the headline finding of a new report jointly published by Skanska, JLL and Dentons. In the first half of 2017, investors spent approximately 5.6 billion euros across the region, 10 per cent more than the first half of 2016. Continue reading Global Players Dash for Tempting CEE

Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda,  MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region

Emphasising the Incongruence Between the V4 Countries

Macron emerging europe

French President Emmanuel Macron’s recent Central and Eastern European (CEE) visit was notable for what he discussed (stimulating the French economy), and perhaps even more notable for where he visited… and where he did not. While the tour may have accomplished his quest for regulating posted workers (he claimed current numbers harm the French economy), his policy objectives may have been overshadowed by the growing rift in the European Union (EU), and especially amongst the Visegrad countries of Central Europe.  Continue reading Emphasising the Incongruence Between the V4 Countries