Central European Investment
NEW YORK The European Central Bank's bond buying program should not be discarded too soon as it would be useful as a "safety belt", ECB Governing Council Member Ewald Nowotny said on Wednesday.
WARSAW Poland's slowly-slowly approach to reducing its budget deficit and public debt load is justified and will persist even after next year's election, a top adviser to Prime Minister Donald Tusk said on Wednesday.
LONDON/VIENNA Rising bad loans and fragile economic recovery will keep credit growth flat in much of central Europe with the southeast affected for years to come as a result of Greece's debt crisis, the EBRD's senior economic aide said on Wednesday.
WARSAW State-backed PKO is still on the hunt for takeover targets to bolster its position as Poland's top lender but can afford to be choosy, its deputy chief executive said on Wednesday.
VIENNA While emerging economies elsewhere in the world are struggling to halt appreciation of their currencies, central Europe is reaping benefits from currency strength.
VIENNA Weak domestic demand and benign wage trends are keeping Hungarian interest rates on hold for now, but the central bank is aware of possible upside risks to inflation and keeping rate hike options open, Vice-Governor Ferenc Karvalits said on Wednesday.
VIENNA The United States needs strong leadership to help boost confidence and drag itself out of the downturn where high unemployment and political uncertainty are battering the housing market, the world's top brickmaker said.
VIENNA The Hungarian government's pledge to narrow the fiscal deficit to 3 percent of gross domestic product next year is a serious commitment and can improve market confidence if backed up by concrete policy, Vice-Governor Ferenc Karvalits said on Wednesday.
WARSAW Poland may sell its entire holding in the country's top bank PKO BP after reducing its stake to 25 percent next year, a top economic advisor to the prime minister told Reuters Insider on Wednesday.
VIENNA The building materials market in emerging Europe has gone through a "crazy phase" and there is no sign of a pick-up on the horizon, the chief executive of the world's largest brickmaker said on Wednesday.
VIENNA Czech interest rates may rise sooner than the bank's current forecast implies if data show a faster-than-expected, export-driven recovery, Czech central bank board member Kamil Janacek said on Tuesday. Janacek told the Reuters Central European Investment Summit in Vienna there was no need however to hike borrowing costs before the end of the year, and the bank needed to see third quarter gross domestic product growth and other data.