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.
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.
A 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.
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.
Slovak 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.
Hungary’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.
The 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.
Poland’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.
Ever 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.