Most Central and Eastern Europe (CEE) economies have seen faster recoveries post COVID than Western EU economies, with Poland, Hungary, Romania and the Baltics being especially strong performers. However the global inflationary pressures, higher interest rates and supply chain issues, together with the possible recession in China, might impact CEE economies in the second half […]

The total stock of SBU (Small Business Units) / LML (Last Mile Logistics) space in the CEE-15 countries accounts for over 3 million sqm, but the development of this market is not evenly spread in the region. The largest amount of space is located in Poland (cca 2 million sqm), according to a new report […]

The real estate group Duna House says its international strategy has brought diversification benefits to the Group. Some of its markets are affected to varying degrees by interest rate increases and market expectations of such increases, thus dampening their combined impact. Activity is down in all of the Group's markets, with a sharp decline in […]

The construction, operation, financing, development and acquisition of commercial property in 2022 and beyond will continue to be impacted by the price of fuel, energy and construction materials. This will be combined with challenges in the supply chain, the nearshoring of operations and rapidly rising inflation, culminating in a direct effect on sale prices and […]

Duna House Group reached strong volume growth during the summer months of Q3 2021. Franchise real estate brokerage grew by 20%, own office real estate brokerage by 27% and loan brokerage by 103% on a year-on-year basis. In Q3 2020, COVID-19 already had no negative influence on the real estate markets, while some negative impact […]

According to Skanska’s survey, nowadays, nearly half of office workers in CEE countries go to the office every day, and now they have specific preferences regarding their workplace. These include a quiet space and high office standards (e.g. safety, relaxation, working in open air) which are most frequently indicated key factors in the region that […]

East Central Europe outperformed other EU countries in 2020 in terms of economics, hopefully returning to a strong income convergence to Western Europe in 2021, according to the report presented by Skanska and SpotData. The report presents 100 most important economic trends in Poland and the CEE region at the threshold of 2021 opportunities and […]

The biggest office developer in Europe sold four buildings for over EUR 265 million, leased over 135,000 sqm, and completed seven buildings in Poland, the Czech Republic, Romania and Hungary. A statement by the company says Skanska retains its strong position on the Central Eastern European real estate market and confirms its business efficiency despite […]

Dániel Palotai, who was Executive Director and Chief Economist at the National Bank of Hungary for over seven years until last month, will be on the Board of Directors of the International Monetary Fund from November 1. The Hungarian economist has been an advisor to the IMF since September this year. As the news site […]

Investor appetite remains strong for CEE but a cautious approach is still being applied while markets try to settle, Colliers International reveals in its latest 'H1 CEE Investment Scene' report. CEE Investment volumes for the first half of 2020 reached ca. € 6.26 billion. This figure was boosted by 2 large portfolios totalling in excess […]

Despite the significantly deteriorating environment due to the COVID-19 epidemic, new vehicle sales at AutoWallis performed above market average in the first half: while in Hungary there was a 25% average decrease in domestic sales, this was only 5.6% for AutoWallis. At the same time, international sales of the automotive company listed at the Hungarian […]

In the first half of this year, 25.3% fewer new cars were sold in Hungary than in the same period last year. This figure is the most favorable in the Central and Eastern European region, with the decline in the surrounding countries typically being above 30%. In addition to Hungary, it was only the Czech […]

Economists and policy makers are still struggling to assess the scope of the global economic fallout that the coronavirus epidemic is leaving in its wake. Some analysts argue that central and eastern Europe, and consequently Hungary, could emerge from the economic malaise stronger than before. The jury is still out as to the shape and […]

Since 2004, the CEE-6’s share in EU manufacturing output has more than doubled, as measured by the output of its factories, with the region overtaking Spain and the UK, and is closing in on France. Colliers International has published its latest report: COVID-19 & CEE’s Industrial Upside Europe’s Near Shore Powerhouse. CEE’s highly skilled and […]

UniCredit has entered into a COVID-19 support package offered by the European Investment Fund (EIF) allowing the bank to provide working capital loans to CEE SMEs and mid-caps guaranteed by the EIF at a rate of 80% (previously 50%) under simplified eligibility criteria. The new measures extend the application of the InnovFin guarantee also to […]