companies

2014: Tepid recovery in SEE stops short of recharging corporate batteries

Subdued domestic demand and low exports, limited credit growth due to high non-performing loan ratios, market volatility and political uncertainty continued to curb the financial performance of the companies in Southeast Europe (SEE) in 2014. Overdue structural reforms weigh on the economies in the region, which failed to benefit fully from cheaper oil and the recovery of the euro area to offset the downward pressure of the Russia-Ukraine crisis.

industries

Prolonged gas cuts during 2015/2016 winter unlikely amidst ward off effects from Ukraine crisis

Despite serious concerns at the beginning of the crisis, most of Western and Eastern Europe have weathered the impact of the Russia- Ukraine crisis relatively well so far, as the growth momentum in the Eurozone turned out stronger than the downward pressures from the crisis, caused by recessions in Russia and Ukraine and the sanctions/countersanctions.