Czech Republic | Romania Feed

Poland tops the ranking of the largest companies in Central and Eastern Europe (CEE) in 2023, being followed by the Czech Republic, Hungary and Romania, according to the annual study by Coface.

The total investment in commercial real estate assets, encompassing office spaces, retail establishments, logistics and industrial spaces, and hotels, across Poland, Czech Republic, Hungary, Slovakia, and Romania, amounted to just EUR5.1 billion in 2023, the lowest annual amount of the last decade, but 2024 outlook shows renewed optimism, as per a report drafted by iO Partners in collaboration with JLL.

Global real estate professional services firm JLL (NYSE: JLL) and iO Partners have announced on April 25 that JLL will transfer to iO Partners its existing Leasing, Capital Markets, Valuation Advisory, Consulting and Project Management delivery businesses to iO Partners in the Czech Republic, Hungary, Romania and Slovakia.

TESLA Energy Storage, a company established in June and part of the Czech Republic’s TESLA group, a manufacturer of energy industry equipment, intends to make a RON450 million investment in Romania and has applied for RON201.4 million state aid, Finance Ministry data show.

The number of corporate insolvencies and restructuring processes have stayed low in Central and Eastern Europe (CEE) since the onset of the COVID-19 pandemic, except for Romania, which saw an increase in the number of insolvencies, and the Czech Republic, which reported increased restructuring activity, per PwC’s “Global Restructuring Trends” survey.