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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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  • INSTANT VIEW - Hungary c.bank cuts base rate 50 bps, widens corridor (4) 24 Nov 2009 08:51 GMT
    ... "The NBH cut its benchmark rate by 50 bps ... move could increase credit flow in the banking system and reduce the amount of money ... against the too strong HUF)." "Today the Hungarian central bank (MNB) cut its key policy ...

  • Hungary c.bank should do more for growth-opposition 24 Nov 2009 11:33 GMT
    ... BUDAPEST, Nov 24 (Reuters) - Hungary's central bank should take more responsibility for ... Matolcsy added that Hungarian ownership of the banking sector should rise to about from about ...

  • INDICATORS - Czech Republic - Nov 24 24 Nov 2009 07:33 GMT
    ... (last updated on Nov 16 with Oct producer prices) KEY ... rate 1.50 pct 0.50 pct 2.50 pct CZECH GDP (in pct) Q3/Q2 Q2/Q1 Q309/Q308 Q209/Q208 Real ... 33.961 CZK bln 739.526 705.990 644.957 NOTE. The bank said it sold foreign currency worth an ...

  • Hungary's forint weakens under bleaker sentiment 24 Nov 2009 09:02 GMT
    ... What started at Asian markets today on the back ... as evidence to the worsening sentiment and Hungary's forint has also began to depreciate. On ... have already dropped today. China's five largest banks - Industrial & Commercial Bank of China ...

  • Deepening economic crisis in Eastern Europe 24 Nov 2009 09:04 GMT
    ... Recent reports indicate that the economies of many ... the two smallest countries in the region, Slovenia and Slovakia, have thus far introduced the euro. Eight ...

  • Significant Recovery to Begin in 2011 in Georgia, Bank Republic CEO 24 Nov 2009 11:11 GMT
    ... seeing an end to liquidity in the banking system. What we need is a restoration ... Societe Generale, Georgia like many countries in central Europe suffered from the global economic crisis, ... banking it is absolutely necessary for the banks that a significant amount of revenues are ...

  • Citi upgrades global 2010 economic growth forecast 24 Nov 2009 00:11 GMT
    ... Citi upgrades global 2010 economic growth forecast NEW YORK -- ... Australia, New Zealand, Hong Kong, Korea, Argentina, Hungary, Poland, Czech Republic and Turkey. However, it said credit availability ...

  • Citi bank group upgrades global 2010 economic growth forecast 24 Nov 2009 00:43 GMT
    ... Published: Tuesday November 24, 2009 MYT 7:41:00 AM Citi ... Australia, New Zealand, Hong Kong, Korea, Argentina, Hungary, Poland, Czech Republic and Turkey. However, it said credit availability ...

  • Citi upgrades 2010 economic growth forecast, expects an uneven global recovery 24 Nov 2009 01:04 GMT
    ... Citi upgrades 2010 economic growth forecast, expects an uneven global ... Australia, New Zealand, Hong Kong, Korea, Argentina, Hungary, Poland, Czech Republic and Turkey. However, it said credit availability ...

  • Jobless toll to rise again, says IMF, as leaders vie for votes 24 Nov 2009 00:42 GMT
    ... "a report from the Organisation for Economic Co-operation and ... (From Bloomberg) ======================== A year after the banking crisis brought Iceland to the brink of ... there with economic disaster areas like Estonia, Hungary and even Cyprus. Prudence Brown ? more ...

  • EU seeking to cut Dexia foreign exposure - paper 24 Nov 2009 08:00 GMT
    ... BRUSSELS, Nov 24 (Reuters) - The European Commission ... as Japan, the United States, Britain and Slovakia. Dexia's Italian bank subsidiary Crediop and its ... will continue with retail, private and commercial banking in Belgium, Turkey, Luxembourg and Slovakia and ...

  • Area home sales show some signs of recovery - Matthew Steingraber 24 Nov 2009 05:39 GMT
    ... National home sales surged for the second month ... autumn 2005. Luke Beaman, president of the Sedalia-Warsaw Board of Realtors, said local home sales ... rates. Tony Monsees, a broker with Coldwell Banker Monsees Realty in Sedalia, said local home ...

  • Hungary's central bank cuts rates 23 Nov 2009 20:23 GMT
    ... Published: November 23 2009 14:29 | Last updated: ... | Last updated: November 23 2009 14:29 Hungary’s central bank on Monday cut interest rates ... in monetary easing since July. Global central banks are beginning to unwind emergency liquidity measures ...

  • Hungary Central Bank Lowers Key Policy Rate As Expected 23 Nov 2009 15:16 GMT
    ... Hungary Central Bank Lowers Key Policy Rate As Expected (RTTNews) - Monday, the Hungarian central bank lowered ...

  • Financial: Hungary Central Bank Lowers Key Policy Rate As Expected 23 Nov 2009 15:15 GMT
    ... By using this web site you agree to its ... have an equally proportional effect on your deposited funds and such may work against you ...


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This Day in History

Nov. 24

Charles Darwin's controversial "Origin of Species" was published. His revolutionary theory of evolution had its critics, notably the church which feared the book undermined religious belief.
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Austria denounces Serbian gains in the Balkans; Russia and France back Serbia while Italy and Germany back Austria.
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In World War Two the Polish prime minister in exile, Stanislaw Mikolajczyk, resigned in protest at the lack of help and support for the Warsaw Uprising.
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The entire presidium and secretariat of the Czechoslovak Communist Party, including leader Milos Jakes, resigned following mass demonstrations in Prague. Karol Urbanek succeeded as General Secretary.
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Rebel Serbs refused to withdraw from the UN-designated safe area around Bihac and continued to advance on the city, despite NATO air strikes.
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