News bites

Preparatory work is underway on the foundations at the Gdańsk stadium for Euro 2012. The stadium is scheduled for completion in January 2011.  

The EU competition commissioner thinks the EU won’t force Poland to give back questionable subsidies for the Gdańsk shipyard. Maybe the project will survive after all.

The Czech National Bank surprised economists by keeping the repo rate at 1.5 percent, rather than dropping it by the expected 25 bps. Recession-proof consumers are allegedly to blame.

Erste delays Bucharest stock exchange listing.  Also here.

On the bright side, Savills says a lack of  luxury residential supply in central London is finally kicking in, with prices moving up 4.3 percent in Q2 of 2009.

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