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Strabag says banks not lending

VIENNA A lack of bank financing, not demand, is the main factor holding back construction projects in emerging Europe at the moment, the region's biggest builder Strabag told the Reuters Central European Investment Summit.

Rexiter sees gains in Hungary, Polish local debt

LONDON Hungarian and Polish local debt offers investors potential gains, a fixed income fund manager with emerging-markets specialist Rexiter said on Wednesday.

Polish c.banker sees rates up in 2010

WARSAW Polish interest rates should not fall further and some tightening of monetary policy will likely be needed next year to ensure inflation remains contained, central bank policymaker Dariusz Filar said on Wednesday.


OTP profit on track, risk costs may fall soon-CFO

VIENNA Hungary's OTP Bank remains on track to meets its 2009 profit target and as the global recovery picks up pace, its risk costs could begin falling as early as the second quarter, Chief Financial Officer Laszlo Bencsik said on Tuesday.

Hungary could curb fx lending, OTP disagrees

VIENNA Hungary's central bank said on Tuesday the country should consider imposing higher capital requirements on foreign currency loans if banks fail to curb them themselves, while the country's biggest bank said it was unlikely to do so.

E.Europe bad debt underestimated -EBRD

LONDON Eastern Europe's banks have underestimated the value of bad loans they hold in the aftermath of the financial crisis and their impact will be felt across the region next year, the chief economist at the European Bank for Reconstruction and Development (EBRD) said on Tuesday.


CEE needs fiscal cuts, no upgrades soon: Moody's

LONDON/VIENNA There is little chance of rises in eastern European countries' debt ratings in the next few years given recent fiscal expansion and worsening growth prospects, analysts from ratings agency Moody's said on Tuesday.


ECB's Nowotny sees no exit any time soon

VIENNA Recession in the euro zone is over but growth will remain sluggish next year, so there is no need to raise interest rates soon, European Central Bank (ECB) Governing Council member Ewald Nowotny said on Monday.


Hungary ready to come off IMF aid: cbank

VIENNA Hungary should not need to use the remainder of its package of International Monetary Fund-led aid, though its recovery remains fragile as it returns to market financing, the central bank's deputy governor said on Tuesday. | Video


East EU faces tough 2010, Hungary hopeful on 2011

VIENNA Unraveling high public debt and fiscal shortfalls will slow recovery for the European Union's eastern economies and present laggard Hungary is poised to shine in 2011 after being the first to tackle painful reforms.


Czech central banker lashes out at regulation plans

VIENNA Policymakers may be doing more harm than good by pushing forward with much of the proposed tougher regulation of the financial industry, Czech central bank Vice-Governor Mojmir Hampl said on Monday. | Video


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