ARTICLES LABELLED WITH TAG eurozone
06
Jun
2024
Jun
2024
ECB cuts interest rate for first time in 5 years
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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Latest news
- MLP Group raises €350 million in green bonds for expansion
- Panattoni secures €24 million for Białystok logistics park
- CPI Property Group moves ahead with first offices in Poland
- Finance takes the lead in Bucharest office demand
- SEE turns investor curiosity into conviction
- Alpha Slovakia expands industrial footprint in Bánovce nad Bebravou
- Prague student housing demand far exceeds supply, says study
- Romanian investors expect rent rises and demand stability
- Martley Capital sells Hungarian office building in Budaörs
- Cluj-Napoca leads Romania's regional office leasing in 2025
New leases
- Bolton Romania has leased 306 sqm of office space in the Bucharest-based River Plaza. The deal was brokered by Fortim Trusted Advisors.
- IWG has leased 1,297 sqm for a flexible workspace in the Egros Office project in Iași.
- DHL Supply Chain has leased 3,000 sqm for its new European HQ in Budapest-based Liberty Offices, in a deal brokered by iO Partners. DLA Piper Hungary acted as DHL’s legal advisor.
New appointments
- Věra Hordóssyová has joined GARBE Group as Account and Financial Manager. She brings over 20 years of experience in finance and accounting, having held roles such as Chief Accountant and Financial Controller.
- Krzysztof Szargawiński has joined Avison Young Poland’s Office Agency team as an Associate Director. In his new role, Krzysztof will be responsible for leading the department’s projects in the Wrocław region. He brings over 20 years of experience in the Polish commercial real estate market, gained primarily in Wrocław, Warsaw, and Katowice.
- Balázs Kun has joined Avison Young Hungary as Director, Industrial, Land & Development. He brings over 5 years of experience in the Hungarian real estate market, most recently serving at CBRE in the Industrial and Logistics department.
