ARTICLES IN Economy TOPIC

31
Mar
2020

Major aid package in Slovakia: Is it enough?

by Property Forum
The government of Slovakia is opening some shops that have been closed for the past two weeks, while the country's parliament will debate and possibly pass the cabinet’s proposals to help companies and the self-employed. We asked Andrej Leontiev LL.M., Partner at Taylor Wessing to comment on the aid package.
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30
Mar
2020

Slovakia prepares largest aid package in country’s history

by Property Forum
Governments continue to come up with measures to help stabilize the economy. Property Forum collected the latest efforts by CEE governments to rescue businesses and individuals affected by the coronavirus crisis.
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30
Mar
2020

Regional countries introduce payment moratoria

by Property Forum
As a result of the coronavirus outbreak, most CEE/SEE countries have introduced similar moratoria provisions to the Hungarian regulations, but there are several countries that have not yet taken this step. With the help of Dr. Gergely Szalóki, Partner at Schönherr Hetényi Law Firm, we provide an overview of the regulation of these regions' countries in respect of moratoria of bank loans.
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28
Mar
2020

Erste Group CEO: We are in this together

by Property Forum
We are in this together and we will get through this together, writes the CEO of Erste Group Bank about the Covid-19 pandemic in an article published on Linkedin.
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26
Mar
2020

Further measures taken to save CEE economies

by Property Forum
Governments in CEE countries have introduced further measures to ease the impact of the coronavirus crisis on the economy. Property Forum summarised the latest actions.
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26
Mar
2020

Europe under lockdown - Economic depression or rapidly growing infection rate?

by Property Forum
Policy-makers face the harsh dilemma of having to mitigate an economic slowdown and revenue shortfalls, in addition to a rapidly growing infection rate. The biggest challenge for the next couple of months will be to determine how long lockdown measures should be kept in place.
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24
Mar
2020

Bucharest’s service-driven economy among most insulated in Europe

by Property Forum
The Bucharest economy stands as one of the most insulated service centres in Europe to the negative fallout related to the COVID-19 outbreak. This is largely due to Bucharest’s heavy reliance on IT&C activities as well as scientific and professional services, on par with European capitals like Dublin, Paris and London.  That said, Romania’s high integration in global value chains means that it will face significant headwinds given negative developments in the global economy.
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24
Mar
2020

Currency depreciation could hit occupiers hard in CEE

by Property Forum
The COVID-19 pandemic continues to cause multiple disruptions to the world’s industries and economies and this is also true for many CEE currencies. Those countries that have not adopted the Euro, or are not pegged to it, have each seen a ca. 10% depreciation in currency value during the period February to March 2020. The Romanian Leu is the exception which has depreciated just 1%, largely due to central bank intervention, Colliers reports in its CEE Special Insights Series.
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23
Mar
2020

UniCredit expects V-shaped recession in Austria

by Property Forum
Austria’s economic growth curve is set to follow a V-shaped course in the wake of the coronavirus and the containment measures implemented, according to Bank Austria, a member of UniCredit Group.
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22
Mar
2020

Germany plans €600 billion aid package to support companies

by Property Forum
The German federal government plans to set up an economic stabilization fund (Wirtschaftsstabilisierungsfonds, WSF) to prevent companies from going bankrupting during the coronavirus crisis, according to the new draft bill of the finance minister.
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