Industry Summits
Polish government to guarantee interbank deals
WARSAW (Reuters) - Poland's government is drawing up plans to guarantee interbank transactions as part of efforts to bolster trust in the banking sector, Deputy Finance Minister Katarzyna Zajdel-Kurowska said on Wednesday. Full Article
Czech central banker says money market tension eased
VIENNA (Reuters) - Tension on the Czech money market has eased over the past week and market-making on the bond market could resume soon, central bank Vice-Governor Miroslav Singer said on Wednesday. Full Article
Weaker crown limits scope for Czech rate cuts
VIENNA (Reuters) - A weaker crown currency may limit the need to ease interest rates, central bank Vice-Governor Miroslav Singer said on Wednesday. Full Article | Video
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Slovak central banker sees cut in 2009 growth forecast
VIENNA (Reuters) - Slovakia's economy will slow more than expected next year because of the global financial crisis, but the future euro zone member should still expand by at least 5 percent, central bank Vice-Governor Martin Barto said on Wednesday. Full Article
CEZ sees double-digit profit growth, no crisis impact
VIENNA (Reuters) - Czech power firm CEZ expects profits to continue rising at a double-digit pace next year and in 2010 on the back of electricity prices and demand, sales chief Alan Svoboda said on Tuesday. Full Article
CEZ says will ask for nuke plant assessment
VIENNA (Reuters) - Czech power firm CEZ will file for an environmental impact assessment (EIA) of a new unit at its Dukovany nuclear power station in weeks, CEZ sales chief Alan Svoboda said on Tuesday. Full Article
BRE cool on Polish central bank's "trust package"
WARSAW (Reuters) - The head of BRE Bank criticized the Polish central bank's efforts to revive the interbank market through currency swaps and open market operations, proposing an alternate plan to boost confidence among lenders. Full Article
Hungarian bank parents pledged to back units
VIENNA (Reuters) - Hungarian banks are well capitalized and their parent firms have pledged to back them, but the financial crisis will hurt portfolio quality as growth sags and access to credit tightens, a top central banker said. Full Article
Iran gas should be option for Nabucco: OMV
VIENNA (Reuters) - The European Union-backed Nabucco gas pipeline should not exclude Iran as a long-term supplier, lead consortium member OMV said on Tuesday. Full Article
Hungarian cbank will defend forint if needed
VIENNA (Reuters) - Hungary's central bank will defend its currency if its fall threatens its goals of inflation and financial stability, and said that the steps it has taken to calm markets need time to take hold. Full Article
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