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 […]

Results of the Q2 2019 ECB Survey of Professional Forecasters

Respondents to the ECB Survey of Professional Forecasters (SPF) for the second quarter of 2019 reported point forecasts for annual HICP inflation averaging 1.4%, 1.5% and 1.6% for 2019, 2020 and 2021, respectively. These results represent downward revisions of 0.1 percentage points (p.p.) for each of those years compared with the previous (Q1 2019) survey […]

ECB launches public consultation on amendments to the supervisory fees framework

The European Central Bank (ECB) is today launching a public consultation on proposed changes to the ECB Regulation on supervisory fees. This consultation incorporates the feedback received during the first public consultation on this issue in 2017 and input from the national competent authorities. The current consultation ends on 6 June 2019.