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2020-04-02  12:03
CIJEurope.com
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Economy

Forint falls to historic low against the euro

After the forint fell to a historic low against the euro, the central bank said it would offer collateralized loans at a fixed rate of 0.9 percent to help offset the economic fallout of the coronavirus. These loans would be granted to domestic open-ended investment funds in an effort to boost government securities as well as the real estate market, the bank said in a statement. The Hu...
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2020-04-02  11:55
CIJEurope.com
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Politics

Slovak politicians trash Matovič's...

Slovakia's newly elected prime minister Igor Matovič is considering a controversial plan to implement a so-called "blackout" of the country during which the mobility of people would be radically limited. He says that such a step, which would have to be announced "weeks" in advance to the public, would allow the country to re-start its economy in the shortest p...
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2020-04-02  11:53
CIJ Serbia
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Events

NIS providing fuel for Air Serbia medical...

NIS Group, Serbia's dominant fuel producer, has donated 270 tons of aviation fuel to Air Serbia. The move is the company's way of contributing to the fight against COVID-19, as Air Serbia is making daily deliveries of medical equipment and supplies to the country. The NIS Volunteer Club is also engaging in community support for the aid of vulnerable Serbian citizens, in part...
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2020-04-02  11:40
CIJ Serbia
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Economy

Shaken real estate market in Croatia due to...

Until the coronavirus pandemic struck, real estate prices in Zagreb and the Adriatic had been increasing by about 10 percent annually. That trend has come to halt at least temporarily, but even real estate specialists are currently able to predict what the longer-term impact on pricing will be. With the added shock of the earthquake now being factored in, it appears than rental prices...
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2020-04-02  11:39
CIJ Serbia
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Events

Henkel closes Serbian factory over safety...

Henkel will close its plant in Krusevac, Serbia for a period of two weeks in order to protect the health and safety of its employees. While all production facilities will shut down, the company's logistics operation will continue to at reduced capacity in order to ensure that the public continues to receive needed products. Henkel's plant in Krusevac will continue to abide b...
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2020-04-02  10:42
CIJEurope.com
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Company News

Segro scales back April 21 AGM

Segro has announced that stay at home measures have made it impossible to have its company's shareholders attend its AGM scheduled for April 21 in person. The company wrote that it would arrange so that the legal requirements to hold the meeting could be satisfied for a meeting which would be functional only, with only formal votes and now business update. It asked shareholders t...
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2020-04-02  09:16
CIJEurope.com
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Company News

LEG Immobilien postpones annual shareholder...

LEG Immobilien has postponed its annual shareholders meeting originally scheduled for May 20 to an as-yet undetermined time. At the the moment, the housing provider is investigating whether it can hold such a meeting online. One real-life consequence of the delay is that no dividend can be approved for payment, meaning that its distribution will also be delayed. The management and sup...
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2020-04-02  09:13
CIJEurope.com
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Company News

Retail chain leases 35,000 sqm at Panattoni...

A retail chain has leased 35,000 sqm at Panattoni Park Gliwice III. The tenant, whose name was not disclosed, will move into the park before the end of April. The distribution center is now fully leased. Panattoni Park Gliwice III is located in northwestern Upper Silesia and offers 168,500 sqm. Since starting its European operations, Panattoni has delivered 9.6 million sqm of space....
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2020-04-02  09:12
CIJEurope.com
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Events

Polish government tightens public...

The Polish government has introduced further restrictions on trade and movement in connection with the spread of COVID-19. People have to keep a two-meter distance from each other while in public, including family members with the exception of small kids and disabled persons. The number of customers at stores will be limited to three per cash register. Each customer will have to put...
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2020-04-02  09:11
CIJEurope.com
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Company News

CPI Property Group to manage Eurocentrum in...

CPI Property Group took over the management of Eurocentrum in Warsaw. The office complex offers 85,100 sqm of leasable space, including 3,500 sqm of retail, service and catering space, in three buildings. The property, which is almost fully leased, also features a modern conference center, which can accommodate 200 people. Tenants include Unilever, COTY, Group One, Randstadt, SAGE, ...
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