ECB Governing Council member and head of the Central Bank of Poland Ewald Nowotny believes that the growth of the economies of some countries in Eastern Europe may be ahead of Western Europe.
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“For some time there was a sense that the recovery in Central and Eastern Europe may be slower than in the western part of the EU. But, as we see now, it was too pessimistic. In fact, in 2010, Many countries in the region will have higher growth rates compared with Western Europe “, - Novotny said at a press conference in the Austrian capital.
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Czech Republic, Hungary and Poland could raise expectations for growth of its gross domestic product in 2010 due to the increase in exports to Western Europe by companies such as Skoda Auto AS, Gedeon Richter Nyrt. and KGHM Polska Miedz SA.
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Hungary in the next month, probably also improve expectations about its GDP. “We will reconsider our economic forecasts for the current year due to improved expectations of export earnings,” - said in an interview with Bloomberg that the country”s Finance Minister Peter Osko. Hungary last year turned to international lenders for loans of 20 billion euros ($ 28.36 billion).
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deputy head of the Central Bank of the Czech Miroslav Singer said that his country”s GDP growth in 2010 may reach 2%. In this case the bank on the previous forecast of economic growth was 1,4%. However, prospects for economic recovery Czech rather fragile given last year”s drop in household spending and the reduction of retail sales.
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Against this backdrop, expectations Singer looks “too optimistic”, says Danske Bank analyst Stanislav Pravdova. “Domestic demand and investment will remain weak and growth in exports can not compensate for this.” According to experts, Poland is located in the best position in the region “and” stabilization in Hungary did not even begun. ”
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forecast Poland”s GDP is likely to grow this year to more than 1,8%. Such expectations the country”s central bank published in October 2009, while in June last year score increases in GDP was 1,4%. At the same time Poland is the only EU member country that has managed to avoidad4a recession during the credit crisis.
The growth potential of Rosneft shares to expire, they are unlikely to rise above 273 rublesIn 2009, the total provision of public services group of companies amounted to 27.3 billion RKS rublesThe RF Government intends to abolish fees for the use of geological information on subsoilReview of the precious metals market for 19.01.10The technical analysis of currency pairs 20.01.2009Index of the Frankfurt Stock Exchange Xetra DAX fell 0.14%, the index of the London Stock Exchange FTSE 100 fell 0.48%The global volume of foreign investment in 2009 fell by 39% - up to $ 1 trillionPavlenko is not enough 2 billion for reconstruction “Olympic”The bond market on Wednesday continued to show growth of quotations of most liquid securities
Head of the Central Bank of Poland: Eastern Europe at the pace of economic recovery in 2010 could overtake West
ECB Governing Council member and head of the Central Bank of Poland Ewald Nowotny believes that the growth of the economies of some countries in Eastern Europe may be ahead of Western Europe.
ÂÂ
“For some time there was a sense that the recovery in Central and Eastern Europe may be slower than in the western part of the EU. But, as we see now, it was too pessimistic. In fact, in 2010, Many countries in the region will have higher growth rates compared with Western Europe “, - Novotny said at a press conference in the Austrian capital.
ÂÂ
Czech Republic, Hungary and Poland could raise expectations for growth of its gross domestic product in 2010 due to the increase in exports to Western Europe by companies such as Skoda Auto AS, Gedeon Richter Nyrt. and KGHM Polska Miedz SA.
 ÂÂ
Hungary in the next month, probably also improve expectations about its GDP. “We will reconsider our economic forecasts for the current year due to improved expectations of export earnings,” - said in an interview with Bloomberg that the country”s Finance Minister Peter Osko. Hungary last year turned to international lenders for loans of 20 billion euros ($ 28.36 billion).
 ÂÂ
deputy head of the Central Bank of the Czech Miroslav Singer said that his country”s GDP growth in 2010 may reach 2%. In this case the bank on the previous forecast of economic growth was 1,4%. However, prospects for economic recovery Czech rather fragile given last year”s drop in household spending and the reduction of retail sales.
 ÂÂ
Against this backdrop, expectations Singer looks “too optimistic”, says Danske Bank analyst Stanislav Pravdova. “Domestic demand and investment will remain weak and growth in exports can not compensate for this.” According to experts, Poland is located in the best position in the region “and” stabilization in Hungary did not even begun. ”
ÂÂ
forecast Poland”s GDP is likely to grow this year to more than 1,8%. Such expectations the country”s central bank published in October 2009, while in June last year score increases in GDP was 1,4%. At the same time Poland is the only EU member country that has managed to avoidad4a recession during the credit crisis.
The growth potential of Rosneft shares to expire, they are unlikely to rise above 273 rubles
In 2009, the total provision of public services group of companies amounted to 27.3 billion RKS rubles
The RF Government intends to abolish fees for the use of geological information on subsoil
Review of the precious metals market for 19.01.10
The technical analysis of currency pairs 20.01.2009
Index of the Frankfurt Stock Exchange Xetra DAX fell 0.14%, the index of the London Stock Exchange FTSE 100 fell 0.48%
The global volume of foreign investment in 2009 fell by 39% - up to $ 1 trillion
Pavlenko is not enough 2 billion for reconstruction “Olympic”
The bond market on Wednesday continued to show growth of quotations of most liquid securities