Summit Notebook

Audio – Part Two: New EU member states running fast, but some need to tie their shoelaces – IMF’s Rosenberg

October 17, 2007

This cartoon from The Economist illustrates for Christoph Rosenberg, IMF Senior Regional Representative Central Europe and Baltics, most aptly what the situation looks like for Europe’s new member states in the region.

Audio – $88 a barrel is good (and not so good) news for OMV

October 17, 2007

Wolfgang Ruttenstorfer, CEO OMVAre oil prices hitting a record high at $88 per barrel a good or a bad thing for an oil company?  

Audio – Energy, telecoms at heart of eastern European M&A – UniCredit

October 16, 2007

Willi Hemetsberger, Head of Global Markets, UniCredit/Bank Austria Creditanstalt

Energy and telecommunications will lead merger and acquisition activities in eastern Europe over the next year. Willi Hemetsberger, head of global markets at UniCredit told the Reuters Central European Investment Summit.

Audio – New EU members stay attractive for private equity, even if euro agenda slips

October 16, 2007

Thierry Baudon, Mid Europa PartnersA slipping of the euro adoption agenda does not harm the attractiveness of the European Union’s new member states to private equity firms, Thierry Baudon, managing partner at private equity firm Mid Europa Partners, told the Reuters Central European Investment Summit.

Audio – No “wait and see” for majority of Polish MPC members

October 16, 2007

Most interest rate-setters on Poland’s Monetary Policy Council are ready to act immediately if needed and don’t believe in a “wait and see” approach, MPC member Dariusz Filar told the Reuters Central European Investment Summit.

Audio – Slovak Central Bank sees no big need to tighten monetary conditions

October 16, 2007

Ludovit Odor, Slovak National BankSlovak EU-norm inflation has picked up more than expected due to food price growth but there is no big need to tighten monetary conditions, central bank (NBS) board member Ludovit Odor told Reuters Correspondent Peter Laca during the Reuters Central European Investment Summit.

Audio – OTP on track for 2007 target, but with margin of error

October 16, 2007

Laszlo Urban, CFO OTPHungary’s OTP bank is on track to meet its 2007 profit target, although one might want to account for a 2-percent margin of error, Chief Financial Officer Laszlo Urban told the Reuters Central European Investment Summit.

Audio – There are enough Russian banks for everyone, says OTP

October 16, 2007

 Laszlo Urban, CFO OTPThe recent global credit crunch has turned up the heat on small banks in Russia, which could present opportunities for OTP, the Hungarian bank’s Chief Financial Officer Laszlo Urban told the Reuters Central European Investment summit.

Audio – Vote could boost Poland’s rating – S&P

October 15, 2007

Kai Stukenbrock, Standard & Poor'sPoland’s credit rating has been constrained by its uncertain political outlook, a lack of reforms as well as the need for more fiscal consolidation and for tackling the system of social security, Standard and Poor’s credit analyst Kai Stukenbrock told the Reuters Central European Investment Summit.

Audio – Four rules on how to plan and build a successful hotel

October 15, 2007

Franz Jurkowitsch, CEO of WarimpexEver fancied launching your own hotel in central Europe?

Well, here is what to look out for, according to Chief Executive Franz Jurkowitsch of Austrian real estate company Warimpex. Clean and clear land titles, strong economic growth in the region, a good transport infrastructure and a local fairground are all part of the recipe.