Serbia’s foreign exchange (FX) reserves continued to decline in April 2025, reflecting a combination of government debt repayments, financial market movements, and central bank interventions. At the end of April 2025, the Gross National Bank of Serbia (NBS) FX reserves stood at EUR 27,705.4 million, down EUR 822.0 million from the previous month. This level of reserves covered 169.6% of the country’s
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The Central and Eastern European (CEE) office market experienced a slowdown in Q1 2025, with demand easing and few new projects delivered, according to data from Cushman & Wakefield Echinox. However, early signs of recovery are emerging as developers prepare for a wave of new deliveries in the coming years. Demand Eases, But Future Growth Anticipated In the first quarter of 2025,
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The Zimbabwe Stock Exchange (ZSE) has received the green light to list its own shares on its bourse following the gazetting of Statutory Instrument 49 of 2025 by the Minister of Finance, Economic Development and Investment Promotion. The new regulations, titled the Securities and Exchange (Self-Listings Rules for Exchanges) (Amendment) Rules, 2025 (No. 1), empower the Securities and Exchange Commission of Zimbabwe
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BuildPress asked ChatGPT, the world’s most advanced AI, to explore the bold new frontier of space manufacturing and its potential to reshape industries on a global scale. This is his vision, crafted with the precision and insight of a digital mind, exploring the limitless potential of the cosmos. As humanity reaches further into the cosmos, the vision of establishing manufacturing hubs beyond
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In March 2025, the average gross earnings in Romania reached 9,495 lei (approximately €1,900), an increase of 563 lei (+6.3%) compared to February 2025, according to data from the National Institute of Statistics (INS) released on May 15, 2025. Net earnings rose to 5,691 lei (approximately €1,140), up 340 lei (+6.4%) from the previous month. Wage growth was particularly strong in high-value
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RECARO Automotive, a legendary name in high-performance car seats, is accelerating into the future with a renewed focus on innovation, quality, and global expansion. After a challenging period that saw the brand enter self-administration in 2024, RECARO has emerged stronger, thanks to a strategic investment from Italy’s Proma Group. This partnership marks a critical turning point, blending German engineering with Italian craftsmanship
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The Piraeus Port Authority S.A. (PPA), the operator of Greece’s largest port, recently announced its financial results for the fiscal year 2024 at the Athens Stock Exchange (ATHEX). The presentation, led by Deputy CEO Angelos Karakostas, highlighted the port’s impressive performance to the Union of Institutional Investors, showcasing another record-breaking year despite global economic headwinds. For the fourth consecutive year, PPA achieved
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The Ministry of Maritime Affairs and Insular Policy of the Hellenic Republic, the International Chamber of Shipping (ICS), and the Union of Greek Shipowners (UGS) will co-host a significant summit in Athens on June 11, 2025. Titled ‘Shaping the Future of Shipping: Navigating global megatrends, mitigating risk and the role of shipping in delivering economic security and prosperity’, the event will convene
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The Romanian leu, one of the most stable currencies in Eastern Europe, depreciated against the euro on Wednesday (May 14), with the National Bank of Romania (BNR) announcing an exchange rate of 5.1036 lei per euro. This marked a slight decline from Tuesday’s (May 13) rate of 5.0991 lei, reflecting ongoing pressure on the local currency. Last Tuesday (May 6), the leu
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Egypt’s Suez Canal Authority (SCA) is introducing a 15% discount on transit fees for container ships with a net tonnage of at least 130,000 metric tons, effective from May 15 for a 90-day period. The move aims to encourage major shipping lines to return to the critical waterway, as the security situation in the region stabilizes, and to help offset rising insurance
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