CEE news: Q1 GDP figures

SK – The Slovak economy grew at a rate of 3.5% in Q1 2011 thanks to foreign demand for the cars it makes and other exports. Local consumer demand, however, is still quiet.

CZ – The Czech economy was slightly off the pace, but still managed to grow by 2.8% over Q1. Rising inflation could convince central bankers to raise interest rates from the 0.75% they’ve been parked at since May 2010

PL – The Wall Street Journal blog says Japanese companies are hoping to profit from the strong yen by investing in countries like Poland.

RO – Romania-Insider provides some of the details of Colloseum builder Panico Panayi’s press conference yesterday, including assurances that an October opening of the first phase still appears to be on track

HU– Even the Hungarian economy got into the act, surprising the analysts with a showing of 2.5% growth in Q1. The country’s running a trade surplus of €479m.

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