Posts Tagged ‘ECE’

De ce ar trebui sa fim optimisti?

With open economies heavily geared to a eurozone recovery and cheaper wage costs, central Europe is still expected to grow faster than western Europe.

“The growth difference still stands,” says Herbert Stepic, chief executive of Austria’s Raiffeisen Bank International, one of the biggest operators in central Europe. “We see a growth difference for 2013 of about two percentage points between CEE as a whole and the EU.”

Other heads of big banks in the region share this cautious optimism. “We still consider CEE to be the driving engine for the growth of our group,” says Gianni Franco Papa, head of the CEE division of Italy’s UniCredit.

Central and eastern Europe to outpace west as lenders think local

The shadows that gathered last year over central and eastern Europe (CEE) have, little by little, started to recede.

This time a year ago, the eurozone debt problems were weighing heavily on sentiment, with talk of a possible “Grexit” – a Greek exit – from the eurozone that could tear the single currency apart.



The future of Russia’s ability to remain a global energy supplier and the strength the Russian energy sector gives the Kremlin are increasingly in question. After a decade of robust energy exports and revenues, Russia is cutting natural gas prices to Europe while revenue projections for its energy behemoth, Gazprom, are declining starting this year.



rb_1135739M&A activity in emerging Europe last year was hampered by the drawn-out debt crisis in the Eurozone, political turmoil in some states and tough austerity plans introduced by local governments, according to a report from CMS and Emerging Markets Information Service (EMIS) DealWatch. (more…)

The economic expectations for Central and Eastern Europe including Turkey (CEE region) on a six-month time horizon have brighten up in February. The respective indicator has improved by 8.3 points to 24.5 points. The improvement of the economic expectations for the CEE region can be mainly ascribed to the positive outlook for the economies in Poland and Hungary. The evaluation of the current economic situation in the CEE region has again slightly declined in the current survey. The respective indicator has dropped by 1.6 points to 18.4 points.