ARTICLES IN Economy TOPIC

News Inflation hits record high in Hungary last year
13
Jan
2023

Inflation hits record high in Hungary last year

by Property Forum
Consumer prices were 24.5% higher on average in December 2022 than a year earlier which is a new record, compared to the last decade. The highest price rises were measured for electricity, gas and other fuels as well as food over the last twelve months. Prices increased by 14.5% on average in 2022 compared to the previous year, Hungarian Central Statistical Office reports. 
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News Foster + Partners  to design new CPK airport in Poland
15
Nov
2022

Foster + Partners to design new CPK airport in Poland

by Property Forum
A Foster + Partners and Buro Happold consortium has won the competition to design the new CPK airport between Warsaw and Łódź. 
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News Bulgaria to focus on increasing energy efficiency
21
Oct
2022

Bulgaria to focus on increasing energy efficiency

by Property Forum
Bulgaria’s Recovery and Resilience Plan (RRP) aims to facilitate economic and social recovery from the COVID-19 crisis and to create a more sustainable, equitable, and successful economy. It includes a set of schemes not only to restore the economy's growth potential but to boost it, too. In achieving this, several construction projects to increase energy efficiency and decrease CO2 impact are to be implemented in 2023-2026, says Anita Dangova at EPI, EECFA’s Bulgarian research institute.
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News ECB raises interest rates for the first time in 11 years
21
Jul
2022

ECB raises interest rates for the first time in 11 years

by Property Forum
Today, the Governing Council of the European Central Bank decided to raise the three key ECB interest rates by 50 basis points and approved the Transmission Protection Instrument (TPI) in an effort to make sure inflation returns to its 2% target over the medium term.
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News EIB presents new funding tool to support rebuilding Ukraine
04
Jul
2022

EIB presents new funding tool to support rebuilding Ukraine

by Property Forum
The Vice-President of the European Investment Bank (EIB) Teresa Czerwińska and the acting Managing Director of EIB Global, Markus Berndt, spoke at the Ukraine Recovery Conference in Lugano and shared the EIB’s views on Ukraine’s recovery. They reaffirmed the EU Bank's steadfast position on the importance and urgency of investing in Ukraine's European future, even as fighting continues across the country. Emphasising its support for the recovery plan presented at the conference, the EIB offered a new instrument, the EU-Ukraine Gateway Trust Fund. This financing instrument could support Ukraine’s early and long-term recovery and the country’s journey towards EU membership.
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News Hungary's central bank acts as housing market overheats
01
Jul
2022

Hungary's central bank acts as housing market overheats

by Property Forum
In recent quarters, the National Bank of Hungary (MNB) has measured substantial and growing overvaluation in the housing market, which has been coupled with an increase in banking sector risks related to lending. These risks have not decreased so far even with the uncertainty related to the war situation of the past months; hence, supporting banks' resilience with regulatory tools is warranted. The Financial Stability Board of the MNB has therefore decided to raise bank capital requirements and will increase the countercyclical capital buffer rate to 0.5% from 1 July 2023, for the first time since its introduction six years ago, Hungarian economic daily Portfolio.hu reports.
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News Bratislava has a new plan for recovering the old town
23
May
2022

Bratislava has a new plan for recovering the old town

by Property Forum
Since the 1970s, the centre of Bratislava's Old Town has been divided by the multi-stream road Staroměstská Street. The City Hall, together with the Bratislava Metropolitan Institute, now has a plan to improve the area. They want to build a park and a large pedestrian plaza above the road to bring the divided city together and add a new residential and recreational space to the city, the Slovak capital's city hall has announced.
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News Obtaining a building permit in Slovakia to become faster
17
May
2022

Obtaining a building permit in Slovakia to become faster

by Property Forum
Newly approved building regulations in Slovakia will significantly reduce the endless waiting for building permits. Thanks to advanced digitalisation, the individual processes and the timeframes for their execution are shortened. Builders will thus be able to calculate the capital invested and the entire work schedule more accurately. Therefore, a new Office for Spatial Planning and Construction is being established as a central state administration body, as well as a specialised construction office for the so-called EIA of construction at the Ministry of the Environment, webnoviny.sk informs.
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News Czech gov't wants digitalisation instead of a central building authority
16
May
2022

Czech gov't wants digitalisation instead of a central building authority

by Property Forum
The Chamber of Deputies of the Czech Republic has decided on a one-year postponement of the effectiveness of part of the Construction Act. Instead of the planned central construction office, which the previous government of Andrej Babiš wanted, they are preparing the digitalisation of the process, the Czech Press Agency reports.
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News Slovakia  approves new laws on construction and spatial planning
29
Apr
2022

Slovakia approves new laws on construction and spatial planning

by Property Forum
New laws on spatial planning and construction will replace the nearly half-century-old 1976 Construction Act in Slovakia. The National Council of the Slovak Republic approved them on Wednesday with a large number of changes compared to the original form, along with a related amendment to the Competence Act, reports webnoviny.sk.
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Latest news


New leases

  • A popular brand joins the ranks of tenants at Galeria Bemowo in Warsaw. The Tchibo shop opened on Thursday, February 2nd. The store, with an area of over 155 sq m, is located on the ground floor.
  • Emons is expanding its network of logistics centres in the Czech Republic. As of February 2023, Emons opens a new logistics centre in Ostředek, leasing over 6,000 sqm of warehouse space in the Sázava Logistics Park.
  • OmniOffice, a serviced office provider, is joining the tenants of Warsaw UNIT. The company has leased 3090 sqm of office space in a Ghelamco high-rise building in the Polish capital.

New appointments

  • Daniel Cateliu has been appointed as Director in the Industrial & Logistics department of real estate consultancy CBRE Romania. He is currently pursuing an EMBA at the University of Sheffield in the UK. Cateliu is a graduate of the Faculty of Political Sciences within the SNSPA, subsequently following a master's program and earning an Erasmus scholarship at the University of Trieste in Italy.
  • Oscar Kazanelson - the current Chairman of the Supervisory Board of ROBYG - has been appointed Chairman of the Supervisory Board of Vantage Development. This is related to the decision to build synergies within the TAG Immobilien Group.
  • Piotr Chemperek has joined the experts of the Office Space Department at Colliers Poland, taking the position of Associate Director. He will be responsible for advising companies in the medical sector.


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