Pepco to construct its regional distribution center in Hungary

PEPCO, a company operating in Central and Eastern Europe and distributing clothing and household items will start to implement a greenfield investment in Gyál in April 2019 for constructing a 100,000 sqm Distribution Centre. The Polish-based company will create 400 new jobs in the first phase of its project worth EUR 85 million.

Euro area monthly balance of payments: February 2019

In February 2019 the current account of the euro area recorded a surplus of €27 billion, compared with a surplus of €37 billion in January 2019.[1] In the 12-month period to February 2019, the current account recorded a surplus of €335 billion (2.9% of euro area GDP), compared with a surplus of €374 billion (3.3% of euro area GDP) […]

Consolidated financial statement of the Eurosystem as at 12 April 2019

In the week ending 12 April 2019 gold and gold receivables (asset item 1) remained unchanged. The net position of the Eurosystem in foreign currency (asset items 2 and 3 minus liability items 7, 8 and 9) increased by EUR 2.4 billion to EUR 286.6 billion. As a result of the Eurosystem’s open market operations and standing facilities, net lending to credit institutions (asset […]

Euro money market statistics: first maintenance period 2019

Daily average borrowing turnover in the unsecured segment slightly increased from €123 billion in the eighth maintenance period of 2018 to €124 billion in the first maintenance period of 2019 Weighted average overnight rate on borrowing transactions in the unsecured segment increased from -0.42% to -0.41% for the wholesale sector and decreased from -0.38% to […]

ESRB recommends EU-wide reciprocation of Sweden’s 25% risk-weight floor for mortgage loans

On 15 January 2019, the European Systemic Risk Board (ESRB) adopted a Recommendation for the EU-wide reciprocation of Sweden’s 25% floor for average risk weights applied by banks using the internal ratings-based approach to the portfolio of retail exposures to obligors residing in Sweden secured by immovable property. This Recommendation was published in the Official […]