Wide Angle Shot: European/CEE banks facing complex transition challenges

Gunter DEUBER November 30, 2022 06:35 CET

European banks, also those active in Central and Eastern Europe (CEE), are currently facing multiple transition challenges. We shed some light on the aspects of geographical re-allocation, changing funding conditions (incl. the regional MREL challenge in CE/SEE) as well as the all-encompassing ESG transformation.

Read More

Croatia Watch: The sun is still up in the skies, BUT….

Zrinka ZIVKOVIC-MATIJEVIC November 25, 2022 13:42 CET

With the quarterly decline, today's GDP release confirmed the expected slowdown of economic activity in Q3 22. Still, annual growth remains relatively high supported by all components of domestic demand while negative contribution came from net foreign demand.

Read More

Wide Angle Shot: Will Hungary and Poland get (full) access to EU funds?

Zoltán TÖRÖK November 25, 2022 07:44 CET

Hungary and Poland are the only EU countries that have not received NGEU funds yet, for Hungary now also parts of the Cohesion Funding is at risk. Both countries are in increasingly hot discussions with the EU as economic downturn and financial markets stress add pressure to reach an agreement. Currently, EU is in a stronger negotiating position than in the past, while any well-crafted compromise can have a lot of positive aspects on EU (enlargement) agendas.

Read More

Belarus Watch: The government halted inflation

Casper ENGELEN November 16, 2022 10:37 CET

Tough government price controls halted inflation. In October 2022 CPI growth slowed down substantially and amounted to 15.2% yoy. In monthly terms, prices declined in all segments of goods and services. At the same time, the possible persistence of seasonal pressures remains

Read More

Serbia Watch: Drought keeps prices elevated in October, CPI at 15.0%

Ljiljana GRUBIC November 14, 2022 14:24 CET

Retail prices accelerated further in October (+1.9% mom) after September’s already steep increase (+1.5% mom), supported by the food spike (+3.5% mom). The annualized print jumped to 15.0%, after 14.0% in the month before.

Read More

Romania Watch: Very elevated underlying inflationary pressures in October

Andreea-Elena DRAGHIA November 11, 2022 14:26 CET

Annual inflation decelerated to 15.3% in October from 15.9% in September, but only due to a favorable statistical base effect. Otherwise, core inflationary pressures strengthened further in October, suggesting that inflation rate might end the year above our call of 16.5% yoy.

Read More

Ukraine Watch: Inflation in October surpassed NBU policy rate

Oleksandr PECHERYTSYN November 11, 2022 10:57 CET

Yearly inflation renewed its seven-year maximum of 26.6%, with war-related, seasonal and devaluation factors dominating the trend. Further inflation acceleration is still possible, while we improved our year-end forecast to 30.1% yoy.

Read More