Tag: central bank
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Serbian c-bank foreign exchange reserves fall m/m in February
BELGRADE (Serbia), March 14 (SeeNews) – Foreign exchange (FX) reserves held by the central bank of Serbia stood at 15.562 billion euros ($16.991 billion) at the ... -
CEE MARKETS-FX Drift, Delay Lows as Ukraine Remains in Focus
PRAGUE, March 11 (Reuters) – Central European currencies mostly fell on Friday but held off lows hit earlier in the week, while stocks gained ground even ... -
CEE MARKETS-Zloty reduces losses on c.bank, finmin support
Band Alan Charlish WARSAW, March 2 (Reuters) – The Polish zloty EURPLN= cut losses on Wednesday after the central bank and finance ministry moved to back ... -
Poland ‘key’ to Western arms supply to Ukraine – EURACTIV.com
The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Before ... -
Putin is doomed, but he can still do terrible damage
This would make Russia the sixth highest inflation country in the world, after Venezuela, Lebanon, Zimbabwe, Turkey and Argentina. But it’s not yet hyperinflation, which is ... -
CEE MARKETS-FX gains on news of possible US-Russian summit
By Anita Komuves BUDAPEST, Feb 21 (Reuters) – Central European currencies rose on Monday as risk appetite was boosted by the announcement of the tentative agreement ... -
Czechia sees sharp drop in car production: Emerging Europe this week
central Europe Czech Passenger car production fell 11.4% year-on-year to 92,657 vehicles in January, posting its lowest result for that month since 2010 as chip shortages ... -
The Serbian law on financial guarantees: love at first sight? – Finance and banking
Serbia: The Serbian law on financial guarantees: love at first sight? February 16, 2022 Kinstellar To print this article, all you need to ... -
The Serbian law on financial guarantees: love at first sight?
February 2022 – The adoption of the Financial Guarantees Law (FCA) in 2018 was widely considered an excellent addition to Serbia’s financial law infrastructure. Nevertheless, more ... -
Kuwaiti banks see their deposits drop in 2021; first in 21 years – ARAB TIMES
WhatsApp Facebook Twitter E-mail Messenger Total credit facilities of about 42.286 billion dinars at the end of December KUWAIT CITY, February 8: According to monthly statistics ... -
A Snapshot of the Nigerian Central Bank’s Digital Currency1 – Technology
To print this article, all you need to do is be registered or log in to Mondaq.com. introduction In the recent past, the world has witnessed ... -
Tightening is the watchword of monetary policy
A busy week is shaping up as three regional central banks have to review their monetary policy. Poland’s central bank kicks off the series of meetings ... -
The hawkish Czech central bank in the spotlight
This week is filled with exciting events and releases. Thursday’s meeting of the Czech National Bank should bring another wave of monetary tightening, as the CNB ... -
The SNB has published the Recommendation for the replacement of LIBOR and EONIA benchmark interest rates in CHF in Serbia
On January 20, 2022, the National Bank of Serbia (the “SNB”) published the Recommendation on the interest rates which would replace the reference interest rates which ... -
National Bank of Serbia – Central Bank
National Bank of Serbia – Central Bank Brief history Established in 1884 as the Privileged National Bank of the Kingdom of Serbia. In 1920 it became ... -
As China Courts Albania, US Pushes Back
TIRANA, Albania — When it comes to Albania, the United States seems to be going from indifferent to involved in light of China’s increased footprint in ... -
EU must solve its own rule of law problems before reforming the Western Balkans
A recent damning report from the European Court of Auditors (ECA) indicated that the EU achieved next to nothing with the 700 million euros it spent ... -
Netflix plunges, home sales drop
LONDON (AP) — European Union lawmakers have approved proposed rules that would require online companies to step up efforts to keep harmful content off their platforms ... -
Serbian v. banks’ foreign exchange reserves up in 2021
Regional today Tuesday, January 18, 2022, 11:55 a.m. Banking Gross foreign exchange (FX) reserves held by the central bank of Serbia increased by 3.0 billion euros ... -
MARKETS CEE-Forint, krona eases after strong gains in early 2022
Band Anita Komuves and Jason Hovet BUDAPEST/PRAGUE, January 13 (Reuters) – The Czech koruna and Hungarian forint eased on Thursday as some investors posted profits after ... -
EEC-Krona MARKETS: Czech tightening results in foreign exchange outperformance in 2021
BIn contrast, the Hungarian forint EURHUF = weakened by around 1.5% against the euro in 2021, while the Polish zloty EURPLN = lost about 0.8%. “The ... -
Sri Lankan Christmas cake hit by high inflation
ECONOMYNEXT – Sri Lanka Christmas cake receives rave reviews as the best in the world by the lucky few who have met it, but its price ... -
EEC Markets-Rate hike expectations support the forint and zloty as central banks fight inflation
Band Anita Komuves BUDAPEST, December 6 (Reuters) – Most central European currencies strengthened on Monday, supported by expectations of further interest rate hikes in Hungary and ... -
CEE MARKETS-Forint jumps to highest level in three weeks after Hungarian deposit rate hike
By Anita Komuves BUDAPEST, December 2 (Reuters) – The Hungarian forint strengthened to a three-week high on Thursday after the central bank raised its deposit rate ... -
CEE MARKETS-Forint bounces again after record low after one-week deposit rate hike
By Jason Hovet and Anita Komuves PRAGUE / BUDAPEST, Nov. 25 (Reuters) – The forint gained for the second day on Thursday and rebounded from an ... -
Opportunity Bank Serbia changes its name to 3Bank
BELGRADE (Serbia), Nov. 22 (SeeNews) – Opportunity Bank Serbia changed its name to 3Bank after changes in the ownership structure made last year, he said. The ... -
NPL ratio of Serbian banks at the end of September at 3.55%
BELGRADE (Serbia), Nov. 18 (SeeNews) – The ratio of non-performing loans (NPLs) to total loans in the Serbian banking sector stood at 3.55% at the end ... -
Serbian c. the bank’s foreign exchange reserves decline in October
Regional today Thursday November 18, 2021, 1:00 PM Banking Image by Bobica10 / Shutterstock.com Foreign exchange reserves (FX) held by the central bank of Serbia fell ... -
UPDATE 1-EEC MARKETS-Forint falls on uncertainty of rate hike, MOL hit by fuel price cap
(Updates with further forint falls, cap on fuel prices) By Anita Komuves BUDAPEST, Nov 11 (Reuters) - The Hungarian forint hit a two-week low on Thursday, ... -
Serbian banks’ NPL ratio drops to 3.5% at end of August
BELGRADE (Serbia), Nov. 5 (SeeNews) – The ratio of non-performing loans (NPLs) to total loans in the Serbian banking sector fell to 3.5% at the end ... -
CEE MARKETS-Zloty Firms As Markets Expect Further Rate Hike Amid CPI Rise
By Anita Komuves and Krisztina Than BUDAPEST, October 29 (Reuters) – The Hungarian forint extended its gains and the Polish zloty also strengthened on Friday, with ... -
CEE MARKETS-Forint outperforms region ahead of cenbank rates meeting
By Anita Komuves BUDAPEST, October 19 (Reuters) – The Hungarian forint dominated gains in the region on Tuesday as some investors bet on a larger-than-expected hike ... -
CEE MARKETS-Currencies relax after week of gains fueled by rate hike hopes
By Anita Komuves BUDAPEST, Oct. 15 (Reuters) – Central European currencies edged down in a slight correction on Friday, abandoning some of their gains posted last ... -
CEE MARKETS-FX Companies As Investors Consider Further Rate Hikes
October 14 (Reuters) – Central European currencies were firmer on Thursday as investors focused on the prospect of further rate hikes in the region. The region’s ... -
CEE MARKETS-FX down as the impact of the Polish rate hike fades; Czech tariff increase
PRAGUE, Oct 12 (Reuters) - Central Europe's currencies mostly weakened on Tuesday, hit by a stronger U.S. dollar that cut into risk appetite while a Polish ... -
CEE MARKETS-FX down as the impact of the Polish interest rate hike fades; Czech tariff increase
PRAGUE, October 12 (Reuters) – Central European currencies mainly weakened on Tuesday, hit by a stronger US dollar that reduced risk appetite while a Polish rate ... -
EEC-Zloty markets retreat as line with EU weighs, forint weakens after data shows CPI jump
Band Krisztina Than BUDAPEST, October 8 (Reuters) – The Polish zloty weakened on Friday as central bank comments and escalating rule of law debate with the ... -
UPDATE 1-EEC MARKETS-Zloty retreats, Polish central bank governor cautious after shock rate hike
(Add comments, update numbers) By Jason Hovet PRAGUE, October 7 (Reuters) – The zloty gave up some gains on Thursday after the governor of Poland’s central ... -
CEE MARKETS-Zloty settles after shock of Polish rate hike, eyes turn to governor
By Alicja Ptak and Jason Hovet WARSAW / PRAGUE, October 7 (Reuters) – The zloty rose slightly on Thursday and stabilized as markets braced for a ... -
UPDATE 1-CEE MARKETS-Zloty endorses surprise Polish rate hike
(Updates after Polish rate hike) By Krisztina Than and Gergely Szakacs BUDAPEST, October 6 (Reuters) – The zloty jumped more than 1% to a three-week high ... -
CEE MARKETS-Romanian Leu progresses ahead of central bank meeting; zloty, forint drop
By Anita Komuves BUDAPEST, October 5 (Reuters) – The Romanian leu rose slightly on Tuesday, driven by expectations of a central bank rate hike later today ... -
CEE MARKETS-Zloty Leads Regional Currency Gains, Markets Consider Rate Meeting
By Radu-Sorin Marinas BUCHAREST, Oct 4 (Reuters) – Central European currencies edged up at the start of Monday’s session as the Polish zloty hit a nearly ... -
Central banks must reflect Czechia’s bold move
A very busy week awaits you in the EEC. Three regional central banks will take center stage. Romania’s central bank will start with its meeting on ... -
CEE MARKETS-Forint after central banker says rate hikes will continue
(Updates with Hungary cenbank comments, forint reaction) By Anita Komuves BUDAPEST Oct 1 (Reuters) – The Hungarian forint strengthened on Friday, recouping some of its recent ... -
Serbia Events Calendar – October 1
BELGRADE (Serbia), October 1 (SeeNews) – Here is a calendar of corporate, economic and political events taking place in or related to Serbia until October 31. ... -
CEE MARKETS-Czech crown companies ahead of c.bank meeting, forint up slightly
Band Anita Komuves BUDAPEST, September 29 (Reuters) – Central European currencies strengthened on Wednesday, with the Hungarian forint recording a five-day losing streak and the Czech ... -
CEE MARKETS-Forint dips to two-month low on rising US Treasury yields
BUDAPEST, Sept 28 (Reuters) - Hungary's forint hit a two-month-low against the euro on Tuesday, pressured by rising U.S. Treasury yields, high inflation and a row ... -
CEE MARKETS-Forint slips as market looks beyond Moody’s rating upgrade, focus on Czech bank c.bank
By Anita Komuves BUDAPEST, Sept. 27 (Reuters) – The Hungarian forint extended its losses to an eight-week low on Monday, underperforming its regional peers as it ... -
CEE MARKETS-Forint hits eight-week low as c.bank redirects rate hikes down
By Gergely Szakacs BUDAPEST, Sept. 24 (Reuters) – The Hungarian forint hit an eight-week low against the euro on Friday, extending its losses for a third ... -
CEE MARKETS-Forint fades after modest rate hike, zloty drops to lowest level in 5 months
PRAGUE, Sept 22 (Reuters) - Hungary's forint fell further from its September highs on Wednesday, a day after its central bank slowed the pace of interest ... -
UPDATE 1-CEE MARKETS-Forint falls, then rises, after reduced rate hikes
(Updates after Hungary’s rate decision) PRAGUE, Sept.21 (Reuters) – The forint fell to its lowest level in six weeks on Tuesday before rebounding quickly as Hungary’s ... -
CEE MARKETS-Forint, the crown outperforms with hopes of rate hikes in the sights
PRAGUE, Sept.21 (Reuters) – The forint and the Czech koruna rebounded on Tuesday as markets tuned in to the Hungarian central bank meeting where the pace ... -
CEE MARKETS-Forint hits six-week low, Evergrande crisis hits stocks
By Gergely Szakacs BUDAPEST, September 20 (Reuters) – The Hungarian forint fell to its lowest level in six weeks before Tuesday’s crucial central bank meeting, as ... -
EEC MARKETS-Czech crown holds gains on rate hike bets as FX moves sideways
WARSAW, Sept 17 (Reuters) - Central European currencies largely drifted weaker and most stocks sagged on Friday, with global sentiment weak, although the Czech crown held ... -
CEE MARKETS-Czech crown holds gains on rate hike bets as FX moves sideways
WARSAW, September 17 (Reuters) – Central European currencies weakened widely and most stocks slumped on Friday, with weak global sentiment, although the Czech Koruna held near ... -
CEE MARKETS-Crown jumps to 1.5-year high amid hopes of rate hikes
By Jason Hovet PRAGUE, September 16 (Reuters) – The crown hit its highest level since February 2020 – when the COVID-19 pandemic began to rock markets ... -
Serbian central bank suspends repo auction on October 7
BELGRADE (Serbia), Sept. 16 (SeeNews) – Serbia’s central bank, SNB, plans to halt regular weekly repo auctions from October 7 because banks no longer need additional ... -
CEE MARKETS-Zloty continues to fight against political differences
By Gergely Szakacs BUDAPEST, Sept. 15 (Reuters) – The Polish zloty eased against the euro on Wednesday morning, remaining behind its regional counterparts, under pressure from ... -
EEC-Currencies MARKETS held ahead of US inflation data
PRAGUE, Sept 14 (Reuters) - Central European currencies were caught in a holding pattern on Tuesday as global markets awaited key U.S. inflation data, with the ... -
CEE MARKETS-The crown outperforms as higher than expected inflation supports rate hike expectations
By Anita Komuves BUDAPEST, September 10 (Reuters) – The Czech Koruna strengthened on Friday, outperforming regional peers as inflation accelerated to its highest level since 2008, ... -
CEE MARKETS-Zloty Firms Ahead of Cenbank Meeting, Stocks Gain on Global Indices
By Anita Komuves BUDAPEST, Sept. 7 (Reuters) – The Polish zloty dominated the gains of central European currencies on Tuesday, while most stocks in the region ... -
CEE MARKETS-Zloty Halts Gains, Markets Consider Supreme Court Decision on Foreign Exchange Lending
Band Anita Komuves BUDAPEST, September 2 (Reuters) – Central European currencies were mostly stable on Thursday, with the Polish zloty halting its gains of the past ... -
CEE MARKETS-Forint Extends Gains After Rate Hike, Cut Announcement
By Anita Komuves BUDAPEST, Aug. 25 (Reuters) – The forint added to its gains on Wednesday a day after the Hungarian central bank raised its key ... -
CEE MARKETS-FX Firms As Investors Consider Hungarian Rate Hike
WARSAW, August 24 (Reuters) – Central European currencies strengthened on Tuesday, with the Hungarian forint EURHUF = the biggest winner ahead of a central bank meeting ... -
New Malaysian PM urges opposition to join COVID-19 effort
By Rozanna Latiff KUALA LUMPUR (Reuters) – Malaysia’s new prime minister, Ismail Sabri Yaakob, said on Sunday he would call on opposition leaders to join government ... -
EEC-Currencies MARKETS, equities weaken as investor moods hit by US downside fears
By Anita Komuves BUDAPEST, Aug. 19 (Reuters) – Central European stocks and currencies weakened on Thursday as concerns over a faster-than-expected reduction in the US Federal ... -
EEC MARKETS-Currencies Halt Gains As Investors Watch Key US Data
By Anita Komuves BUDAPEST, Aug. 9 (Reuters) – Central European currencies looked for direction on Monday as US employment data was better than expected at the ... -
CEE MARKETS-Prague shares hit their highest level in almost 10 years as banks allowed to pay dividends
By Anita Komuves BUDAPEST, Aug 2 (Reuters) – The Prague stock index outperformed the region and hit an almost 10-year high on Monday, buoyed by bank ... -
CEE MARKETS-FX, stocks rebound ahead of ECB policy meeting
PRAGUE, July 22 (Reuters) - Central European currencies rebounded on Thursday from losses marked this week as investors' risk aversion eased and market focus turned to ... -
CEE MARKETS-FX stabilizes, concerns about Delta variant persist
By Anita Komuves BUDAPEST, July 20 (Reuters) – Central European currencies held steady on Tuesday after losses from the previous session, as traders and analysts expected ... -
Polish delegation ‘on the verge of withdrawing’ from EU conservatives – EURACTIV.com
The Capitals brings you the latest news from across Europe, through on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here. Before starting ... -
CEE MARKETS-Battle with EU over LGBT rights, funds weigh on forint and zloty
By Anita Komuves BUDAPEST, July 16 (Reuters) – The Hungarian forint and the Polish zloty weakened on Friday, prolonging their losses, as the debate between Hungary ... -
EEC MARKETS-Czech crown companies on rate hike expectations in August
BUCHAREST, July 13 (Reuters) - The Czech crown touched a one-week high on Tuesday as inflation exceeded market expectations and reinforced views of another interest rate ... -
As the Center prepares the cryptocurrency bill for the monsoon session of Parliament, here’s what you need to know
The government has talked about banning all cryptocurrencies in India, but that hasn’t stopped millions of Indians from trading the digital asset Having narrowly missed being ... -
CEE MARKETS-Forint underperforms ahead of inflation data, rate hike hopes persist
By Anita Komuves BUDAPEST, July 6 (Reuters) – The Hungarian forint weakened on Tuesday, underperforming its peers as markets considered the release of key inflation data ... -
Central banks plunge back into the gold market
Editor’s Note: With such market volatility, stay up to date with the daily news! In minutes, discover our quick summary of today’s must-see news and expert ... -
Gold regains luster after central bank purchases fall to decade low
(Bloomberg) – Central banks could regain their appetite for buying gold after sitting on the sidelines last year. Central banks from Serbia to Thailand have increased ... -
CEE MARKETS-FX stable, most stocks gain as PMI data shows robust recovery
By Anita Komuves BUDAPEST, July 1 (Reuters) – Central European currencies were little changed in restricted trading on Thursday, while new PMI data from the region ... -
CEE-Zloty markets weaker ahead of inflation data, stocks retreat
PRAGUE, June 29 (Reuters) - Central European stock markets eased on Tuesday, dragged down by global nerves that coronavirus outbreaks in Asia would hurt economic recoveries, ... -
Serbia allows digital currencies – Serbian MonitorSerbian Monitor
The growing influence and attraction of digital currencies and cryptocurrencies is now visible and felt around the world, with more and more countries starting to accept ... -
CEE MARKETS-Zloty leads gains, forint and koruna after rate hikes
By Anita Komuves BUDAPEST, June 25 (Reuters) – Central European currencies extended their gains on Friday to the end of a week when the Hungarian and ... -
The Carousel: How a Moscow bank made big loans to its Serbian owners
“Totally abnormal” lending practices Euroaxis was originally called Wexim Bank, created during the Yugoslav wars of the 1990s in order to help Slobodan Milosevic’s then-rumped Yugoslavia ... -
CEE MARKETS-Forint, Crown Corporation As Investors Await Bank Rate Meetings
By Anita Komuves BUDAPEST, June 21 (Reuters) – The Hungarian forint and the Czech Koruna strengthened on Monday as investors waited for central bank rate meetings ... -
CEE MARKETS-Forint stable ahead of policy rate meeting next week
By Anita Komuves BUDAPEST, June 18 (Reuters) – The Hungarian forint was stable on Friday after suffering heavy losses this week ahead of a key central ... -
CEE MARKETS – Rising dollar pushes forint and zloty down one step
PRAGUE, June 17 (Reuters) – Central European currencies fell on Thursday, with the fall of the Hungarian forint and the Czech crown, as the dollar climbed ... -
CEE MARKETS-Forint further alleviates central bank policy uncertainty
BUDAPEST, June 15 (Reuters) – The Hungarian forint eased further against the euro on Tuesday after a central banker said the bank would likely engage in ... -
CEE MARKETS-FX retreats as dollar consolidates gains, eyes on Fed
By Radu-Sorin Marinas BUCHAREST, June 14 (Reuters) – Central European currencies fell on Monday as the forint led to regional losses against the euro and the ... -
S&P confirms Serbia’s BB + rating, outlook stable
BELGRADE (Serbia), June 14 (SeeNews) – Standard & Poor’s (S&P) has confirmed Serbia’s long-term sovereign credit rating in foreign and local currency at BB +, with ... -
Central and Eastern European banks rush to increase their gold reserves
Hungary tripled its gold reserves to a total of 95 tonnes, the largest per person in Eastern and Central Europe. Poland has added more than 200 ... -
EEC MARKETS-Crown corporations on ECB comments, Budapest shares hit record high
By Anita Komuves BUDAPEST, June 11 (Reuters) – The Czech koruna strengthened to its highest level in 15 months on Friday, while other regional currencies held ...
