Maria Bninska | | Central European Financial Observer

Central European Financial Observer > Articles by: Maria Bninska

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26.06.2019

Romanian finance ministry proposes restructuring scheme for debt to budget

The finance ministry proposed details over a restructuring scheme for outstanding debt to the budget, according to the draft document. It elaborates on provisions included in an emergency ordinance issued at the beginning of 2019, which among other things, introduced a bank asset tax and a telecom sales tax. The provision in question deals with […]

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26.06.2019

Bulgaria’s central bank maintains countercyclical capital buffer at 1.0%

The Bulgarian National Bank (BNB) decided to maintain the countercyclical capital buffer at 1.0% in Q3’20, similarly to the previous quarter, it announced. As we had reported, the central bank will start raising the buffer as of Q3’19, first to 0.5% and then to 1.0% in Q2’20. The purpose of the buffers is to ensure […]

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26.06.2019

EU gives BiH EUR14.8m to address needs of migrants and refugees

The EU will allocate EUR14.8m to help BiH address the needs of migrants and refugees, the EU Delegation said on Tuesday. Out of this amount, EUR13m will be used to support migration management, while the remainder — for humanitarian aid. Thus, the total EU assistance to the country to cope with migrant influx since 2018 […]

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26.06.2019

Ukraine’s President urges oligarchs to help rebuilding Donbas

Poland will have tax break for young earners

ThyssenKrupp to build fifth Hungarian plant

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26.06.2019

Czech electricity tariff calculation needs to change

The calculation of electricity tariffs needs to change, CEZ CEO Daniel Benes told Lidove Noviny, a newspaper. He argued that with the emergence of new technology in power generation, it was no longer feasible to maintain the current system, which calculates tariffs based on assumed consumption, rather than on actual one. He said that the […]

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(geralt, Public domain)

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26.06.2019

Demographics is not paramount

The main constraint for Croatia's long-term economic growth is the growth of productivity, and not demographic problems the country, together with Central and Southeast Europe (CSE), faces.

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25.06.2019

Industrial output falls by smaller 4.0% y/y in BiH

Industrial output fall eased to 4.0% y/y in May from a 5.6% y/y drop the previous month, according to the latest figures by BiH statistical office. In seasonally-adjusted terms, the industrial production increased by 2.0% m/m following a 1.8% m/m fall in April. Detailed breakdown shows that the deceleration of the headline print decline came […]

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25.06.2019

Loan growth accelerates to 6.1% y/y in Bulgaria

The stock of bank loans rose by 6.1% y/y in nominal terms in May, at an accelerating pace from 6.0% y/y in the previous month, the Bulgarian National Bank (BNB) reported. Real loan growth also picked up to 2.5% y/y, compared to 2.3% y/y in April. We think that low interest rates will remain supportive […]

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25.06.2019

Slovak Transpetrol detects no contamination of Russian oil

Oil transit via Slovakia is currently normal, as no contamination has been detected, state-run oil-transport operator Transpetrol has told TASR in reaction to information concerning contaminated oil in the Druzhba pipeline. Company’s officials said that Transpetrol, along with its trading partners, is analysing the situation and assessing oil samples constantly, adding that as samples so […]

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25.06.2019

BMW remains committed to new plant in Hungary

BMW remains committed to building a new car production plant in Debrecen, eastern Hungary, BMW spokeswoman Sandra Schillmoller said for the business daily Vilaggazdasag. The investment will cost EUR1bn and the new plant will have annual output capacity of 150,000 units, she confirmed. Construction of the new plant progresses, according to preliminary plans, she said. […]

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