By Juraj Valachy, Tibor Lőrincz, Tatrabank, Slovakia and Gunter Deuber, RBI Vienna | The public sector in Slovakia – as in many neighboring countries – is not always considered efficient. However, the government’s response during the corona crisis is seen very positive. This holds true for both the […]
by Sebastian Petric and Lucas Darius Konrad, RBI| Reinhart and Rogoff famously distinguish between four types of crises in their book “This Time Is Different”, namely international debt and banking crises, inflation, and currency crashes and debasements. We analyse the question on the interrelation between banking crises and FX […]
By Gunter Deuber and Matthias Reith, RBI Vienna After a phase of exponential spreading of COVID-19 infections in Austria, lasting several weeks in March, the curve has significantly flattened since the beginning of April. Now it is only linear. More importantly, in the last week, the trend has been clearly confirmed that there are significantly […]
By Benedikta Schlange, RBI | Easter is just around the corner and many families are already starting their preparations for the most important Christian event of the year. During Easter time in Austria, eggs are dyed or artistically decorated with color. The children wait eagerly for the Easter Bunny to hide chocolate eggs, which […]
By Zoltan Török, Raiffeisen Bank Zrt. Hungary, Gunter Deuber and Matthias Reith, RBI, Vienna | What was initially more a ‘Chinese problem’ and then an ‘Italian drama’ has rapidly transformed into ‘everybody’s problem’. Hungarian authorities – alongside with other CEE governments – were moving in an early stage […]
By Helena Horska, Raiffeisenbank a.s. Czech Republic, Gunter Deuber and Matthias Reith, RBI, Vienna | COVID-19 infections are spreading globally and exponentially. In developed countries, incl. the Czech Republic, a crisis of healthcare systems seems imminent. As a result of containment measures and growing effects of the virus, we also see an existential economic crisis […]
Interview by Alexandra Jocham, RBI | Sabine Zucker, Head of Trade Finance and Transaction Banking at RBI, explains the payment innovations SEPA Instant Payments (SCTInst) and SWIFT gpi and their benefits for the customers. SEPA Instant Payments (SCTInst) and SWIFT gpi are two major Product Innovations delivering real time benefits & cost savings for […]
By Stefan Andjelic, RBI | Payment systems are a vital part of the economic and financial infrastructure. Their efficient functioning, allowing transactions to be completed safely and on time, makes a key contribution to the overall economic performance. (Bank Of England, 2000). Against this backdrop, the role of banks, including the range of financial services […]
By Gunter Deuber, RBI The Green Deal for Europe (EGD) is seen by some observers as a trend-setting and future-oriented EU project at the level of the Common Agricultural Policy (CAP) or even the foundation of the euro. However, it should be noted that such ambitious policy projects do not necessarily have a unifying character. […]
By Benedikta Schlange, RBI | Climate change and its already noticeable effects make it necessary for everyone to rethink. In a world of limited resources and in order to cope with the global challenges, the world needs new ways of production and consumption. Innovative and sustainable ideas are needed that contribute to shape our world […]
By Christine Würfel, RBI | The European Commission´s Green Deal aims to make Europe the first climate neutral continent by 2050. Several measures are already and will be introduced ranging from effective carbon pricing, clean energy, mobilizing industry for a clean and circular economy, energy efficiency in buildings, an environmentally friendly food system or the […]
By Sebastian Petric and Andreas Schwabe, RBI | In light of the historic anniversary some months ago – 30th anniversary of the fall of the Berlin Wall -, we have another look at the events surrounding the economic transformation of Eastern Europe, in particular on the transformational recessions in the initial years, as well as […]
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