For this year, experts at the Vienna Institute for International Economic Studies (WIIW) expect economic growth of 3.3% on average for the EU members in Central, Eastern and Southeastern Europe.
Social Banking supports people who are affected by poverty or social exclusion. This will ensure economic growth and prosperity in the region. Since its founding in 2016, Erste Group’s social banking system has already invested 400 million euros in the form of loans in the social development of the CEE regions.
The countries of Central, Eastern and Southeastern Europe are among the most important economic growth markets for Europe. How are the prospects for next year?
The FIDESZ-Christian Democratic coalition won the general election. They gathered 133 mandates of the 199 seats, an expected 2/3 majority for the governing parties.
In searching for a perfect example of a sideways market one does not need to look further than at Central and Eastern European (CEE) equity markets. The CECE Composite, a Euro-based index of 23 Polish, Czech and Hungarian blue-chips (Bloomberg: CECEEUR), has been range bound for nearly four years, rarely trading outside a narrow range […]
In Turkey, the impact of the currency fluctuations are being discussed and even an ordinary Turk on the street knows what it means for the currency to depreciate. For example, during a cab ride, you may have a very deep economic discussion with the taxi driver about the dollar and the Turkish lira. This is […]