Europe Commercial Property Focus Logistics: where are the opportunities? Over the next 5-10 years, we think that capital values in the European logistics sector will be strongest in Hungary, Ireland and the UK, but also above average in Russia and Germany. 30th September 2013 · 1 min read
Emerging Europe Economics Update Russia’s external debt burden not a cause for concern (yet) A recent warning from Russia’s Deputy Finance Minister has led to renewed concerns about the country’s growing burden of external debt. But while debt has risen sharply in recent quarters, we don’t... 30th September 2013 · 1 min read
Emerging Europe Economics Update Recovery gains momentum September’s European Commission Economic Sentiment Indicators (ESIs) allow us to form an early view of how Emerging Europe has performed in Q3, and the good news is that the recovery seems to be... 27th September 2013 · 1 min read
Emerging Europe Chart Pack Poland leads the way The latest activity data show that Emerging Europe’s recovery is continuing. Detailed Q2 GDP figures released this month confirmed that the region as a whole grew by 1.6% y/y, up from 1.3% y/y in the... 27th September 2013 · 1 min read
Emerging Europe Economics Update Central Europe has muted reaction to QE tapering delay The reaction of the financial markets in Central Europe to the US Fed’s decision to hold off tapering QE was decidedly muted. But these countries’ markets didn’t suffer the large sell-offs seen... 24th September 2013 · 1 min read
Emerging Europe Economic Outlook Growth clouds start to lift The outlook for much of Emerging Europe has brightened in recent months and we expect growth in most countries to accelerate over the coming quarters. The strengthening of the euro-zone should support... 20th September 2013 · 1 min read
Emerging Europe Economics Update Russian economy continues to struggle The weakness of August’s activity data for Russia is partly due to working day effects since August of this year had one fewer working day than August of 2012. Even so, today’s data reinforce our view... 18th September 2013 · 1 min read
Emerging Europe Economics Update Have Emerging Europe’s banks turned the corner? Emerging Europe has been the laggard of the emerging world over the past few years, due in large part to problems in its banks. But with the region seemingly on the mend, might local banking sectors... 17th September 2013 · 1 min read
Emerging Europe Economics Update Russia rate overhaul won’t alter monetary conditions The Central Bank of Russia today laid out plans to revamp and streamline the instruments through which it provides liquidity to banks. Over time, these should help to increase transparency but they... 13th September 2013 · 1 min read
Emerging Europe Economics Update Russia dwindling current account surplus: causes & consequences Despite continued high oil prices, Russia’s current account surplus has fallen from around 7% of GDP prior to the 2008/09 crisis to around 2% now and is on track to slip into a deficit by 2015. Given... 6th September 2013 · 1 min read
Emerging Europe Economics Update PMIs show further signs of recovery in Central Europe The raft of manufacturing PMIs across Central Europe for August provide further evidence that the region’s recovery is gathering pace, helped by the improvement in the German economy. In contrast... 2nd September 2013 · 1 min read
Emerging Europe Chart Pack Central Europe turns the corner It’s been a good month for Central Europe, although the news elsewhere in the region has been less encouraging. A raft of preliminary Q2 GDP data showed that, although growth remains weak in Central... 28th August 2013 · 1 min read
Global Markets Update Prospects for Emerging European equities are Poles apart A number of equity markets in Emerging Europe – Poland’s in particular – have proved relatively resilient during the recent emerging market sell-off. We think they may continue to outperform equities... 27th August 2013 · 1 min read
Emerging Europe Economics Update Ruble stays out of the firing line... for now The ruble has fared surprisingly well during the latest EM sell-off, in large part due to the fact that oil prices have edged up over recent weeks. Nonetheless, the ruble is still weaker than the... 22nd August 2013 · 1 min read
Emerging Europe Economics Update Coming through the EM sell-off relatively unscathed Emerging European currencies have generally withstood the recent EM financial market sell-off relatively well. Meanwhile, equities in Central Europe have made strong gains over the past month. 21st August 2013 · 1 min read
Emerging Europe Economics Update Russia: a modest improvement, but growth remains weak 19th August 2013 · 1 min read
