Eastern European Investment 2013
BUDAPEST Hungary's opposition will offer banks and businesses a "new deal" to gradually reduce special taxes to an average European level in exchange for investments to boost the economy if they win 2014 elections, the leaders of the leftist alliance said on Wednesday.
PRAGUE Czech lender Komercni Banka expects to return to revenue growth next year as lending picks up alongside the wider economy, Chief Operating Officer Pavel Cejka said.
WARSAW Eastern European countries outside the euro zone are worried they will not have a say in shaping the planned European banking union, and the result will be a new regulatory system skewed towards euro zone banks.
BUDAPEST There is still room for monetary easing to help Hungary's economy grow following the latest 20 basis point interest rate cut, Deputy Central Bank Governor Ferenc Gerhardt said on Wednesday.
LJUBLJANA Slovenia expects stress test results for most of its banks in November and it is still unclear if it will have to seek international aid, central bank Governor Bostjan Jazbec said on Wednesday.
BUDAPEST Hungary's Economy Ministry on Tuesday ruled out a one-off drastic conversion of foreign currency loans into forints but said the country's mostly foreign-owned lenders would still have to brace for losses.
SOFIA Bulgaria's largest bank in terms of assets, Unicredit Bulbank, plans to increase lending by up to 15 percent next year to underpin an expected economic recovery in the EU's poorest country, its chief executive said on Wednesday.
WARSAW Eastern Europe's top software maker Asseco Poland may team up with some larger partner to become Europe's No.2 and challenge market leader Germany's SAP , Asseco's CEO said.
BUCHAREST Romania would send a catastrophic message that it is not open for investment if it rejects a gold mining plan by Canada's Gabriel Resources , Romanian Prime Minister Victor Ponta said on Wednesday.
SOFIA Bulgaria's largest bank in terms of assets, Unicredit Bulbank, plans to increase lending by up to 15 percent next year to underpin an expected economic and consumption recovery in the EU's poorest country, its chief executive said on Wednesday.
PRAGUE CEZ is taking a wait-and-see approach to new investment as low power prices pressure energy companies and will scale back renewable plans due to an uncertain regulatory landscape, the Czech utility's chief strategy officer said.