Emerging Europe Economics Update Hungary still walking a fiscal tightrope The announcement of a renewed fiscal squeeze in Hungary should help to ease market fears of a ‘Greek style’ crisis in the country. But the policies unveiled earlier today sidestep the underlying need... 8th June 2010 · 1 min read
Emerging Europe Economics Update Turkey to stay ahead of the pack The bulk of the region is now experiencing a strong rebound in manufacturing, with Slovakia and Turkey at the head of the pack and Romania lagging behind. The key, however, is whether the recovery in... 8th June 2010 · 1 min read
Emerging Europe Economics Focus Can Eastern European currencies buck a weaker euro? We expect currencies across most of Emerging Europe to weaken further against both the euro and US dollar over the next year or so. The Romanian leu looks likely to be the worst performer, while the... 4th June 2010 · 1 min read
Europe Commercial Property Update Are Emerging European capital values on the road to recovery? The sovereign debt crisis in the euro-zone is bound to weigh heavily on the outlook for Emerging Europe, moderating, if not reversing, hopes for an occupier and investment market recovery. Thus, in... 3rd June 2010 · 1 min read
Emerging Europe Economics Update Centre-right wins in Czech Republic, tough times lie ahead The recent elections in the Czech Republic appear to have produced a strong centre-right coalition, which will step up efforts at tackling the public deficit. But the looming fiscal squeeze adds to... 1st June 2010 · 1 min read
Emerging Europe Economics Update PMIs still pointing to strong growth in industry Manufacturing PMIs from across the region remain consistent with continued strong growth in industrial production over the coming months. The problem, however, is that there is still little sign of... 1st June 2010 · 1 min read
Emerging Europe Economics Update Polish rates going nowhere regardless of new NBP Governor The proposed appointment of Marek Belka, a well-respected, pro-market economist, as the new Governor of the National Bank of Poland is not yet a done deal. But regardless of who takes over at the helm... 27th May 2010 · 1 min read
Emerging Europe Economics Update Worrying early signs from Hungary’s new government Hungary’s new government has got off to a disappointing start, with early signs suggesting that economic populism will take priority over much-needed fiscal reform. 26th May 2010 · 1 min read
Europe Commercial Property Update Do Emerging European property markets offer good value? Some valuation measures indicate that Emerging European commercial property markets now offer good value. However, the deepening fiscal crisis in the euro-zone has led to a marked drop in risk... 25th May 2010 · 1 min read
Emerging Europe Chart Pack Q1 GDP data a mixed bag (May 10) First quarter GDP data, released by most countries over the past month or so, paint a mixed picture. The highly open economies of Central Europe – notably Slovakia – continue to rebound at a fairly... 25th May 2010 · 1 min read
Non-Euro Europe Commercial Property Chart Pack 2010 off to a better start than 2009 (May 10) Although investment activity generally softened, the bigger picture was that the health of investment markets across non-euro-zone Europe continued to improve in Q1 2010. Indeed, yields fell in almost... 20th May 2010 · 1 min read
Emerging Europe Economics Update Russian industry surges but from a low base The surge in Russian industrial production growth in April is not quite as good as it appears at first sight since it is flattered by base effects stemming from the collapse in activity last year. In... 19th May 2010 · 1 min read
Emerging Europe Economics Update Politics comes into play in Hungary (May 10) Concerns that the new government in Hungary will jeopardise the independence of the National Bank appear to be coming to fruition. While much remains uncertain, it seems clear that PM Orban will now... 18th May 2010 · 1 min read
Emerging Europe Economics Update Russia: low debt levels mask mounting fiscal risks Russia’s public finances are a picture of health compared to those economies in the euro-zone’s periphery. But if oil prices drop further, as we expect, spending may have to be cut in real terms for... 18th May 2010 · 1 min read
Europe Commercial Property Update Has the outlook for Hungarian commercial property improved? While recent news on the Hungarian economy has been surprisingly positive, we are not yet convinced that a sustainable economic recovery is underway. Among other things, Hungary’s fragile banking... 18th May 2010 · 1 min read
Emerging Europe Economics Update Q1 GDP data paint a mixed picture Q1 GDP data released this morning from across Emerging Europe paint a mixed picture. While the economies in Central Europe all grew on a quarterly basis, those in Southern Europe contracted once again... 12th May 2010 · 1 min read
