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Central Europe Banking News. Service for global professionals. Constantly updated news and information about Central Europe.
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Latest Central Europe Banking News

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  • Gateway to higher returns? 9 Nov 2009 07:31 GMT
    ... However, 20 years on from the symbolic collapse of the ... However, the situation in economies such as Poland, Turkey, Russia and the Czech Republic couldn't be more different and this is ...

  • RPT-ECB FOCUS-Weber gaining prominence as ECB leading indicator 9 Nov 2009 09:33 GMT
    ... FRANKFURT, Nov 6 (Reuters) - Bundesbank President Axel ... at the ECB's twice-monthly meetings. Comments from Austria's Ewald Nowotny on Friday that options are ... the euro zone's biggest economy and biggest banking sector. 'He tries to direct and steer ...

  • The real reward 9 Nov 2009 02:52 GMT
    ... Published: November 9 2009 02:00 | Last updated: ... couldn't do what [Lech] Walesa did in Poland [in a term so unimpressive that he ... and monetary policies. That is why the banking sector did not break down during the ...

  • The Glide Path Option 8 Nov 2009 12:57 GMT
    ... The Present Contains All Possible Futures The Ugly Unemployment ... The Ugly Unemployment Numbers Argentinian Disease The Austrian Solution The Eastern European Solution Japanese Disease ... choices over the past decade. We allowed banks to overleverage and, in the case of ...

  • Net 1 UEPS Technologies, Inc. Announces 2010 First Quarter Results 8 Nov 2009 23:11 GMT
    ... Net 1 UEPS Technologies, Inc. ("Net1" or the "Company") today ... unlike traditional payment systems offered by major banking institutions that require immediate access through a ... BGS Smartcard System AG ("BGS") based in Austria, the Company implements, develops and integrates smart ...

  • Analysis: The real reward 8 Nov 2009 18:52 GMT
    ... Published: November 8 2009 18:14 | Last updated: ... couldn’t do what [Lech] Walesa did in Poland [in a term so unimpressive that he ... and monetary policies. That is why the banking sector did not break down during the ...

  • VETERANS DAY | What's open/closed 8 Nov 2009 07:36 GMT
    ... Published: Sun, November 8, 2009 @ 12:00 a.m. ... Library, Bristolville; McKinley Memorial Library, Niles, open; Banks: Chase Bank, Charter One, Cortland Banks, Farmers ... all other locations, closed. US Bank in Poland, Boardman, Canfield and Warren area; open. Trash ...

  • Iceland's central bank lowers interest rate to 11 per cent 5 Nov 2009 16:33 GMT
    ... Frankfurt - Major central banks are keeping low ... euro zone flush with money. ECB preside... Warsaw - Poland will have a national plan ready next year ...

  • Hungarian banks face a fierce year in 2010 - c.bank 5 Nov 2009 05:17 GMT
    ... By June 2009, provisions set aside by the banking sector amounted to HUF 188 billion, which ... the decreasing loan-to-deposit ratio of banks. As Hungary was hit by the crisis at the ...

  • The survival of Russian retail banking 6 Nov 2009 04:34 GMT
    ... The Russian retail banking sector has survived the crisis largely intact, ... most active consumer loan firms in Russia, Czech-owned Home Credit & Finance, also launched deposit ...

  • UPDATE 1-ECB's Nowotny: fx loans main issue for Austrian banks 6 Nov 2009 15:37 GMT
    ... VIENNA, Nov 6 (Reuters) - Foreign currency lending ... among the top banks. In countries including Hungary, Romania, Poland, Ukraine and the Baltics, most mortgages and ...

  • Banks, Government pool efforts to bring down lending rates 5 Nov 2009 08:17 GMT
    ... Bulgarian banks will put forward a set of measures ... of DSK Bank, the local unit of Hungary’s OTP Group. "At a later stage, we ...

  • Mortgage brokers wary of 2010 5 Nov 2009 11:59 GMT
    ... Banks may tighten lending conditions again after 2009 ... percent mortgages are generally still available for Czechs and expats. Banks have tightened their lending conditions, ...

  • ECB's Nowotny: fx loans main issue for Austrian banks 6 Nov 2009 12:17 GMT
    ... VIENNA, Nov 6 (Reuters) - Foreign currency lending ... among the top banks. In countries including Hungary, Romania, Poland, Ukraine and the Baltics, most mortgages and ...

  • Hungarian banks to see decline in portfolio quality, profitability - c.bank 4 Nov 2009 14:35 GMT
    ... The National Bank of Hungary (NBH) has today published the Report on ... NBH said. It also believes the Hungarian banking sector is able to meet the challenges ...


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According to the White House, 650,000 jobs were created or saved by $150 billion in stimulus funds. Was it money well spent? (Oct. 30, 2009)



 

Quote of the Day

"We no longer have an intimacy of dialogue like we had in 1989. It's important that we restore that closeness in order that we can all in unity face the challenges confronting us. "
— Former U.S. national security adviser Brent Scowcroft commenting on the change in the trans-Atlantic relations since the fall of the Berlin Wall

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This Day in History

Nov. 9

East Germans on foot and in cars began arriving in West Germany and West Berlin only hours after the East German government threw open its border to the West.
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The world-famous Ottoman bridge at Mostar in southwestern Bosnia, which endured scores of wars and invading armies over four centuries, collapsed into the Neretva River.
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Bosnian Serb President Biljana Plavsic sacked her military chief General Ratko Mladic, who was wanted for alleged war crimes.
What year was it?

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