ARTICLES IN Economy  TOPIC

News EBRD downgrades 2025 growth forecast for most CEE countries
13
May
2025

EBRD downgrades 2025 growth forecast for most CEE countries

by Property Forum
The European Bank for Reconstruction and Development (EBRD) has cut its 2025 growth forecast for its regions by 0.2 percentage points to 3.0%, with a moderate rebound to 3.4% expected in 2026. This follows a similar downgrade in February and reflects mounting global headwinds, including rising trade policy uncertainty, softening external demand, and newly imposed tariffs.
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News Banking sector holds low exposure in Romania’s CRE
21
Mar
2025

Banking sector holds low exposure in Romania’s CRE

by Property Forum
Romania's banking sector has a relatively low exposure to the commercial real estate (CRE) market, indicating stability and significant growth potential, according to an analysis by Cushman & Wakefield Echinox. 
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News Trump is back: What this means for CEE real estate
06
Nov
2024

Trump is back: What this means for CEE real estate

by Csanád Csürös
Donald Trump has secured the necessary electoral votes to secure a second term, raising questions about how his presidency will influence real estate markets in Europe and CEE.
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News Trump presidency: A nightmare for CEE economies
29
Oct
2024

Trump presidency: A nightmare for CEE economies

by Property Forum
CEE economies would suffer under a potential Trump presidency, primarily due to anticipated new trade tariffs, according to new research by Erste Group. The trade conflicts would impact the region indirectly through its economic reliance on Germany, says the bank’s CEE research team.
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News CEE economic convergence: A success story with challenges ahead
23
Oct
2024

CEE economic convergence: A success story with challenges ahead

by Property Forum
SEE Property Forum 2024, Romania’s leading international real estate event, brought together top economic minds to debate the effects of the economic convergence process in the region and also the current and future economic outlook of CEE.
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News Hungary's construction sector shows signs of rebound
17
Jun
2024

Hungary's construction sector shows signs of rebound

by Property Forum
Hungary's construction sector showed a spectacular rebound in April, with output volumes up 11% on the previous month, completely making up for the feeble performance of the previous two months. The production figures in recent months for a sector in fundamentally poor shape are far from tragic, nor are the order books figures, but we are seeing such huge month-to-month fluctuations that it is very difficult to assess what is happening in the construction sector.
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News ECB cuts interest rate for first time in 5 years
06
Jun
2024

ECB cuts interest rate for first time in 5 years

by Property Forum
The European Central Bank (ECB) has reduced its main interest rate from 4% to 3.75%, following Canada's rate cut earlier in the week. ECB President Christine Lagarde announced that the outlook for inflation had significantly improved, which enabled the rate cut. However, she warned that inflation would likely stay above the 2% target, averaging 2.5% in 2024 and 2.2% in 2025. The ECB remains committed to keeping its policy restrictive to achieve the inflation target. This rate cut, though anticipated, is seen as a relief for consumers and businesses, aiming to stimulate economic activity by making borrowing cheaper.
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News With a new building code coming, Czech builders prepare for chaos
13
Feb
2024

With a new building code coming, Czech builders prepare for chaos

by Property Forum
In less than five months, the new building code for common buildings in the Czech Republic is going to enter into force. However, clouds are gathering around it. Builders are afraid of the shortcomings they have encountered recently when familiarizing themselves with the new requirements of the legislation, reports Seznamzpravy.cz.
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News Consolidation package nearly doubles property tax in Czech Republic
12
Jan
2024

Consolidation package nearly doubles property tax in Czech Republic

by Property Forum
As part of the so-called consolidation package, which has changed several dozen laws since January in the Czech Republic, the property tax is rising by an additional 80% starting this year, reports Seznamspravy.cz.
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News Slovakia postpones new Construction Act
09
Jan
2024

Slovakia postpones new Construction Act

by Property Forum
The Construction Act in Slovakia has been in force for half a century, and this year will probably not be its last either. The new Construction Act, or the Construction Act and Spatial Planning Act, was supposed to enter into force in Slovakia on 1st April 2024. The validity of part of the new legislation will be postponed, reports yimba.sk.
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Latest news


New leases

  • The largest salon of the Ochnik brand in the Podkarpacie region of Poland was opened in the Plaza Rzeszów Shopping Centre. The store occupies an area of over 430 sqm.
  • TRS Warehouse leased 2,500 sqm of warehouse space at Panattoni Park Tricity East I for its operations in northern Poland. Newmark Polska provided assistance in market analysis and lease negotiations.
  • Stay Fit Gym has leased 1,500 sqm in Sheraton Bucharest Hotel for a new fitness centre. The fitness chain aims to reach 100 centres by 2027.

New appointments

  • At the beginning of the year, Roberto Mateos, an experienced hotelier who has been with the Barceló Hotel Group for almost two decades, took over as general manager of the Barceló Warsaw Powiśle hotel.
  • Axi Immo is strengthening its organisational structure by appointing Danuta Dzierżak as Business Development Director. In her new role, she will be responsible for developing all business lines, acquiring new clients, and building relationships with key business partners in Poland and abroad.
  • Avison Young has announced several promotions within its Poland operations. In the Valuation and Advisory department, Agnieszka Bogucka and Marta Marat have both been promoted to Senior Valuer. In the Investment Advisory department, Artur Czuba has been promoted to Director. The Office Agency department has promoted Filip Filipowicz to Senior Consultant. In the Technical Advisory department, Kamil Olechniewicz has been promoted to Senior Project Manager. Additionally, Renata Zielińska took the position of Senior Consultant in the Investment department.

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