Hungarian oil and gas group MOL has announced that a joint venture with 30% MOL ownership has made a “significant oil discovery” in Pakistan.
The management of the Budapest Stock Exchange (BSE) has accepted a proposed five-year strategic plan for 2016-2020 and is now eyeing 30 state-companies for potential IPOs in the period.
Some of the fastest growing CEE economies have also seen large fluctuations in GDP growth with adverse consequences on unemployment and migration
Despite a decline in 2015, Cushman & Wakefield forecasts trading volumes will reach new heights in 2016, with CEE benefiting.
The economic downturn in the emerging markets raises questions about their future. Will they continue catching up with the developed economies in spite of the current downturn, as they have over the past 20-30 years?
Poland is the best in the region in terms of finalized transactions in commercial real estate.
Low growth and low inflation will continue in the eurozone for long, says Zsolt Darvas, Senior Fellow at Bruegel, Brussel. Some countries may have difficulties in refinancing their budget deficits.
There’s a land rush in Hungary as the government gets ready to sell about 380,000 hectares of farmland - nearly half the land in the hands of the state.
The Hungarian advertising market is struggling, mainly due to the economic problems and growth of online media. And there is an on-going political fight over the media.
Thanks to economic growth, the banking sector in Central and Southeastern Europe is seeing profits. This is helped by the fact that in some countries banks have already dealt with restructuring bad loans.