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2020-05-25  12:41
CIJ iDesk I
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Deals

Accolade to discuss investment in Southern...

The region of Southern Bohemia will be holding talks in June with Accolade over the possibility of it becoming a strategic investor in the company Jihočeské letiště. The region has also been holding talks with the city of Český Budějovice over its intention to sell its 50 percent share in the same company to the region for CZK 33.17m. The Czech News Agency reports that 4,300 planes to...
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2020-05-25  12:38
CIJ iDesk I
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Politics

Ministry of Justice refuses compensation for...

The Czech government is planning to compensate companies that were negatively impacted by the lockdown and the state of emergency, according to the Minister of Finance Marie Benešová. Speaking on a Sunday news program, she said the government had already done enough by handing out funds to pay employee salaries and allowing them to defer social insurance payments. "The government...
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2020-05-25  12:34
CIJ iDesk I
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Company News

Fitness centers threaten Bratislava blockage...

Fitness center owners in Slovakia threatened to block traffic heading into Bratislava on the D1 motorway Monday to protest the continuing ban on their businesses. "The reason is the ignoring of the current situation for 2,300 centers in Slovakia which create nearly 20,000 job opportunities," said Pavel Kisel of the Union of Slovak Fitness Centers. The group is demanding that...
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2020-05-25  12:22
CIJ News iDesk VII
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Economy

Q1 apartment prices fall in Montenegro

The average price per square meter of a new apartment in Podgorica, Montenegro in Q1 2020 was €865, though there are significant regional differences. Units found along the coastal regions are going for €1,363 per sqm, while those in the central region fetch just €641. The price rises in the northern region where the average price per square meter in a new building was €793. Avera...
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2020-05-25  12:21
CIJ News iDesk VII
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Economy

Croatian restricting support packages to...

The Croatian government will cease providing subsidies to companies to get them through the coronavirus crisis, but it's making an exception for the tourism, transport and catering sectors. As of June, only businesses in these sectors will be able to collect HRK 4,000 per employee, but that's only on condition that their turnover fell by at least 50 percent. To date, the sta...
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2020-05-25  12:20
CIJ News iDesk VII
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Economy

Apartment sales decline in Bosnia and...

A total of 246 new apartments were sold during the first quarter of 2020 a 5.2 percent drop from the average monthly total last year, and 8.2 percent less than in the Q1 of 2019. The Federal Bureau of Statistics reports that of the 246 new apartments sold, 88 were sold in Sarajevo and 158 in other municipalities. At the same time, there was a decline in the price of new apartments sol...
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2020-05-25  12:19
CIJ News iDesk VII
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Events

Croatia prepares to open for the summer...

Croatia's Minister of Tourism Gari Cappelli has presented the government's plan for opening of the summer tourist season, which envisages that European tourists from countries with stable epidemiological situations will be able to visit the country. A tourist application is also being developed that guests will use to announce their arrival and which will enable them to cros...
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2020-05-25  09:41
CIJ News iDesk II
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Company News

Build-to-own logistics schemes to gain...

The Covid-19 pandemic has caused chaos across the global economy. Within the commercial real estate market, logistics has weathered this storm better than other sectors, allowing planning of new developments to gradually resume following price corrections. Changes in financing conditions for real estate development may alter the new supply structure, with a likely increase in demand...
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2020-05-25  09:40
CIJ News iDesk II
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Company News

PGE terminates projects worth PLN 1bn

PGE Polska Grupa Energetyczna has terminated projects and programs planned for the next 10 years that will not bring expected benefits to the group. The total value of these undertakings amounts to PLN 1bn. PGE Group announced a 50-percent reduction of its involvement in sponsorship projects. Analytical work on the effectiveness of a number of projects and tasks being or to be carri...
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2020-05-25  09:10
CIJ News iDesk V
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Company News

Rock Development investing €30m in Bucharest...

Rock Development broke ground on a new residential project in Bucharest’s Bucur Obor area. Avrig Park Residence will include 325 apartments and commercial space in two 10-story buildings, as well as 405 parking spots. The developer is investing €30m, with UniCredit Bank providing the financing for the entire scheme. The first phase is scheduled for completion in June 2021.
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