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2019-10-11  09:58
CIJ Serbia
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Economy

World Bank upgrades growth rate for Croatia

The World Bank upgraded its growth forecast for Croatia to 2.9 percent for the year, citing solid domestic demand. However, a slowdown is expected to hit in the coming years as household consumption and investments decrease. There has also been a fall in foreign demand, according to the World Bank. Croatia’s GDP grew by 2.6 percent last year and is forecasted to grow by 2.7 percent in...
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2019-10-11  09:51
CIJ Romania
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Company News

CTP Invest, BRE enter portfolio...

CTP Invest and BRE will collaborate to implement BREEAM In-Use International standards across the entire CTP Invest portfolio of industrial buildings in 2019 and 2020. The BREEAM In-Use scheme provides science-based sustainability certification that allows CTP to measure, manage, track and enhance the operation of all of the assets in its portfolio. The BREEAM In-Use digital platform ...
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2019-10-11  09:48
CIJ Serbia
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Company News

EBRD sells stake in Atlantic Group

The European Bank for Reconstruction and Development sold its 2-percent holding in the Atlantic Group in a deal worth €10.5m. The buyer’s name was not disclosed. However, local media outlets are speculating that the buyer could be one of the companies that already owns a stake in the Atlantic Group, including Raiffeisen Pension Fund Management Company which owns more than 11 percent o...
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2019-10-11  09:42
CIJ Serbia
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Company News

Bosch and Siemens Home Appliance Group...

BSH Hsšni Aparati, the Slovenian subsidiary of the Bosch and Siemens Home Appliance Group, broke ground on a new development center in Nazarje, northern Slovenia. The investment is valued at €3m. Completion is scheduled for December 2020. The 2,600 sqm center will go up in three phases and include a construction department, two laboratories and a test kitchen. BSH, one of the largest ...
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2019-10-11  09:32
CIJEurope.com
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Appointments

Kevin Turpin joins Colliers as regional...

Kevin Turpin has been appointed regional director of research for Central and Eastern Europe at Colliers International. Turpin will focus on continuing to grow the market research platform Colliers has developed over the past few years. He will focus on integrating wider macroeconomic, political and social developments into real estate related insights and strategies. Turpin has been ...
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2019-10-11  09:06
CIJEurope.com
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Economy

Czech inflation slows to 2.7%

Consumer inflation slowed in the Czech Republic in September to just 2.7 percent. That suggested a cooling of the economy compared to a month before, according to the Czech Statistics Office, when year-on-year prices came in at 2.9 percent higher. Omelette lovers will have been pleased by the 13 percent fall in egg prices while fruit was an average of 7.4 percent cheaper than in Septe...
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2019-10-11  09:05
CIJEurope.com
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Politics

China threatens Prague interests after mayor...

China threatened Prague that there will be consequences to the breakdown in its relationship with the city of Beijing. Prague's mayor Zdeněk Hříb had insisted on changing some of the wording of a contract of friendship that was signed by the previous mayor. Specifically, he demanded the section that required the city to respect the so-called one China policy, which in practice me...
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2019-10-11  09:03
CIJEurope.com
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Company News

UniCredit clients will have to pay interest...

Negative interest rates could be coming to the Czech Republic, as UniCredit Bank is preparing the way to charge its clients for keeping more than €100,000 in their savings accounts. Representatives of the bank said it was too soon to know whether and under what conditions these measures would be implemented in the Czech Republic. Negative rates have already appeared in the world of fi...
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2019-10-11  08:41
CIJEurope.com
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Company News

Panattoni Europe completes central warehouse...

Panattoni Europe has completed the central warehouse for Leroy Merlin in the Piątek commune, near Łódź. The warehouse offers 123,300 sqm of space. Kajima Europe was the general contractor. This is the third development by Panattoni Europe for Leroy Merlin. The first two were built in Stryków. “Breaking records with our clients is our specialty, not only in terms of size but also compl...
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2019-10-11  08:39
CIJEurope.com
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Company News

Reslogistic leases 7,000 sqm at Alliance...

Reslogistic has leased 7,000 sqm of warehouse space at the Alliance Silesia Logistics Center in Czeladź. The company was represented by Axi Immo during the lease process. Alliance Silesia Logistics Center offers 90,000 sqm of modern warehouse space within seven halls. The park is located 10 km from the center of Katowice. The investment has its own internal road system, parking, fire ...
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