Latest news with #CentralandEasternEuropean
Yahoo
17 hours ago
- Politics
- Yahoo
Hungarian PM thinks Ukraine won't join EU because it can't be accepted into NATO
One of the arguments against Ukraine's accession to the EU put forward by Hungarian Prime Minister Viktor Orbán was that it should not happen before Ukraine joins NATO, which, in his opinion, would mean dragging the Alliance into a war and is therefore impossible. Source: Orbán in an interview with LCI, a French free-to-air news channel, as reported by European Pravda Details: The Hungarian PM repeated his regular statements that Ukraine's accession to the EU would be an economic disaster for the European Union. He also tried to link the impossibility of Ukraine's accession to the EU with the fact that it would first have to become a member of NATO, as was the case with other Central and Eastern European countries. "First, everyone was accepted into NATO, which was a guarantee of security from a military point of view, and only then could the country join the EU. But now this is impossible. If Ukraine joins NATO, it would immediately mean war between NATO and Russia... For us Hungarians and for Europeans, it is not in our interest to face the threat of war and direct conflict with Russia," Orbán said. The interviewer reminded Orbán of the Soviet tanks in Budapest and asked why he was so unwilling to understand Ukraine's position. The Hungarian PM replied that Hungary "understands Ukraine's history a little better than France" and went on to mention that Hungary had also experienced occupation in its history. "So yes, we understand Ukrainians. But we believe that Russia does not need to be loved, but agreements must be reached with it. Russia is a geopolitical reality, even if we don't like it," Orbán said. The interviewer asked Orbán whether his flirtation with Moscow was a reflection of fear of Russia. "No, no, it's the opposite. I think the Russians only understand the language of force. And Europe must be strong and negotiate from a position of strength. But, unfortunately, we are weak, so we need the United States... We need a strategic agreement with Russia, but only a strong Europe will be capable of this," he said. Support Ukrainska Pravda on Patreon!
Business Wire
28-05-2025
- Business
- Business Wire
CTP N.V. announces Moody's Ratings affirmed CTP's Baa3 rating, outlook changed to positive
AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP N.V. ('CTP', 'the Group' or the 'Company'), Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, announces that Moody's Ratings ('Moody's') has affirmed its Baa3 long-term issuer rating and senior unsecured rating of CTP. The outlook changes from stable to positive. The positive change of the outlook reflects CTP's strong and resilient business profile and robust occupier demand. In Q1-2025, CTP signed 24% more leases than in the same period last year at an average 3% higher rents. The CEE region benefits from long-term secular demand drivers, like nearshoring – which is further accelerated by increasing trade tariffs – strong growth in purchasing power and e-commerce, and continued professionalization of supply chains. The positive outlook is also a testament to CTP's robust capital structure and disciplined financial policy. Thanks to the Group's long-term track record of achieving an industry leading YoC of over 10% and high spread compared to the Group's marginal cost of debt, each euro that CTP invests in its pipeline actually deleverages and improves the Group's ICR and Net Debt to EBITDA. This allows CTP to grow at a 10-15% rate per annum, while maintaining leverage ratios, an attractive proposition for shareholders as well as bondholders. This further cements CTP's strong access to both capital markets and the loan markets, helping to preserve the Group's attractive average cost of debt. Against this backdrop, the Group targets to deliver 1.2 to 1.7 million sqm of new GLA in 2025 at a pre-let ratio of 80-90% at delivery, consistent with CTP's track record. This is in line with CTP's target to deliver 10 – 15% new space per year, driving annual double digit NTA growth. From the Moody's press release: 'The outlook change from stable to positive reflects CTP's enhanced business profile, consistent growth in operating performance, and the potential for improved credit metrics over the next 12 to 24 months. 'We view CTP's business profile, noteworthy its absolute scale, market position and diversification as a key credit strength. CTP has developed a leading market position in the Central and Eastern European (CEE) light-industrial and logistics real estate markets that it has developed through a combination of acquisitions and own developments, with a strong foothold in core CEE markets plus a growing presence in Germany. CTP owns a well-performing asset portfolio that benefits from a diversified and good-credit-quality tenant base and ongoing structural demand drivers. ' The company has a strong track record in asset management and development projects on a very sizeable, largely owned landbank. CTP has delivered consistent growth of operating performance, driven by these development activities and further rental growth of its assets, with largely stable vacancy rates.' Full Moody's press release on CTP ratings can be accessed here. About CTP CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.4 million sqm of GLA across 10 countries as at 31 March 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website:
Yahoo
28-05-2025
- Business
- Yahoo
CTP N.V. announces Moody's Ratings affirmed CTP's Baa3 rating, outlook changed to positive
AMSTERDAM, May 28, 2025--(BUSINESS WIRE)--Regulatory News: CTP N.V. ('CTP', 'the Group' or the 'Company'), Europe's largest listed owner, developer and manager of logistics and industrial real estate by gross lettable area, announces that Moody's Ratings ('Moody's') has affirmed its Baa3 long-term issuer rating and senior unsecured rating of CTP. The outlook changes from stable to positive. The positive change of the outlook reflects CTP's strong and resilient business profile and robust occupier demand. In Q1-2025, CTP signed 24% more leases than in the same period last year at an average 3% higher rents. The CEE region benefits from long-term secular demand drivers, like nearshoring – which is further accelerated by increasing trade tariffs – strong growth in purchasing power and e-commerce, and continued professionalization of supply chains. The positive outlook is also a testament to CTP's robust capital structure and disciplined financial policy. Thanks to the Group's long-term track record of achieving an industry leading YoC of over 10% and high spread compared to the Group's marginal cost of debt, each euro that CTP invests in its pipeline actually deleverages and improves the Group's ICR and Net Debt to EBITDA. This allows CTP to grow at a 10-15% rate per annum, while maintaining leverage ratios, an attractive proposition for shareholders as well as bondholders. This further cements CTP's strong access to both capital markets and the loan markets, helping to preserve the Group's attractive average cost of debt. Against this backdrop, the Group targets to deliver 1.2 to 1.7 million sqm of new GLA in 2025 at a pre-let ratio of 80-90% at delivery, consistent with CTP's track record. This is in line with CTP's target to deliver 10 – 15% new space per year, driving annual double digit NTA growth. From the Moody's press release: "The outlook change from stable to positive reflects CTP's enhanced business profile, consistent growth in operating performance, and the potential for improved credit metrics over the next 12 to 24 months. "We view CTP's business profile, noteworthy its absolute scale, market position and diversification as a key credit strength. CTP has developed a leading market position in the Central and Eastern European (CEE) light-industrial and logistics real estate markets that it has developed through a combination of acquisitions and own developments, with a strong foothold in core CEE markets plus a growing presence in Germany. CTP owns a well-performing asset portfolio that benefits from a diversified and good-credit-quality tenant base and ongoing structural demand drivers. "The company has a strong track record in asset management and development projects on a very sizeable, largely owned landbank. CTP has delivered consistent growth of operating performance, driven by these development activities and further rental growth of its assets, with largely stable vacancy rates." Full Moody's press release on CTP ratings can be accessed here. About CTP CTP is Europe's largest listed owner, developer, and manager of logistics and industrial real estate by gross lettable area, owning 13.4 million sqm of GLA across 10 countries as at 31 March 2025. CTP certifies all new buildings to BREEAM Very good or better and earned a negligible-risk ESG rating by Sustainalytics, underlining its commitment to being a sustainable business. For more information, visit CTP's corporate website: View source version on Contacts CONTACT DETAILS FOR ANALYST AND INVESTOR ENQUIRIES: Maarten Otte, Head of Investor Relations and Capital MarketsMobile: +420 730 197 500Email: CONTACT DETAILS FOR MEDIA ENQUIRIES: Patryk Statkiewicz, Group Head of Marketing & PRMobile: +31 (0) 629 596 119Email: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
24-05-2025
- Business
- The Sun
East China's trade hub Yuyao taps Central and Eastern European market with passion, innovation
YUYAO, CHINA - Media OutReach Newswire - 22 May 2025 - From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair will be held in Ningbo, a port city in Zhejiang Province, eastern China, according to the event's executive committee. The event showcases a series of collaborative projects between China and CEEC, highlighting the achievements in various sectors. A VR entertainment initiative co-developed by China and Hungary under the China-Central and Eastern European cooperation framework is featured at the expo, offering visitors an immersive experience in a magical forest while wearing VR goggles, allowing them to soar to colorful romantic islands on the back of a fairy's magic carpet. Zhang Mingming, general manager of the Ningbo Central and Eastern European Innovation Base, noted the all-encompassing support from the Central and Eastern European International Industrial Cooperation Park and the Yuyao Investment Promotion Center during the project's development. 'With their assistance, we connected with Ningbo Fantawild, established the project's operational base, and quickly completed business registration, site decoration, and contract negotiations, which earned us praise from the Hungarian side,' he said. As a major manufacturing hub and export-driven economy, Yuyao has long been a key player in Ningbo and Zhejiang's opening up to international markets. The city is home to the province's first Sino-Japanese joint venture and the China-Italy (Ningbo) Ecological Park, among other landmark projects. In 2020, the China-Central and Eastern European International Industrial Cooperation Park was officially established, becoming a crucial platform for enhancing economic cooperation with Central and Eastern Europe. In addition to the industrial cooperation park, numerous private enterprises in Yuyao are actively expanding their operations in Central and Eastern Europe. Several Yuyao-made products have already become part of consumers' lives in the region. For example, products developed by Zhejiang Biyi Electric Appliance Co., Ltd., including coffee machines and air fryers, have entered the markets of eight Central and Eastern European countries, with exports to the region up by nearly 90% in 2024. From January to April this year, the company's exports to the region increased by over 50% year on year. Similarly, Ningbo Fuda Intelligent Technology, has seen significant success in the Central and Eastern European market since entering Poland five years ago. The company has exported mobile air conditioners and dehumidifiers to five Central and Eastern European countries. 'Thanks to our years of dedicated development in the Central and Eastern European market, we have seen a surge in shipments since 2025, with sales increasing nearly 180% from January to April 2025,' said Fang Zhihao, deputy general manager of Fuda, emphasizing the market's vast potential. In late March, Ningbo organized a delegation of over 40 companies, including Biyi Electric Appliance and a local hot spring resort, to explore opportunities in Central and Eastern Europe. They attended the China-Hungary trade and investment matchmaking conference and visited various enterprises and institutions in Central and Eastern Europe to generate interest for the upcoming expo, according to the information office of Yuyao. Statistics from Yuyao customs showed that from January to April this year, the total value of imports and exports by private enterprises in Yuyao reached 30.27 billion yuan, a year-on-year increase of 18.3%, accounting for 80.3% of the city's foreign trade. More than 900 Yuyao businesses export to Central and Eastern Europe, with an export value of 1.88 billion yuan, up 24.1% from last year. The continued expansion of Yuyao enterprises in the Central and Eastern European markets is supported by a series of facilitative government measures. To assist local businesses in accelerating exports to Central and Eastern European countries, Yuyao customs has promoted self-printed certificates of origin, ensuring quick access for businesses. From January to April this year, Yuyao customs issued 539 certificates of origin for exported goods to Central and Eastern Europe, valued at 143 million yuan, representing year-on-year increases of 10% and 35.92%, respectively. Recognizing the region's abundance of specialized, innovative small- and medium-sized enterprises, Yuyao customs has leveraged its customs credit accreditation policies to establish a target list of 46 specialized 'little giant' enterprises, providing advanced certification policy guidance to five firms, successfully nurturing Fengmao Technology into a customs AEO (Authorized Economic Operator) certified enterprise. In March this year, Yuyao announced plans for 2025 to implement initiatives to nurture industrial leaders, facilitate industry upgrading, promote enterprise going-global and encourage private firms to lead overseas venture along Belt and Road countries, among others.
Associated Press
22-05-2025
- Business
- Associated Press
East China's trade hub Yuyao taps Central and Eastern European market with passion, innovation
YUYAO, CHINA - Media OutReach Newswire - 22 May 2025 - From May 22 to 25, the fourth China-Central and Eastern European Countries Expo & International Consumer Goods Fair will be held in Ningbo, a port city in Zhejiang Province, eastern China, according to the event's executive committee. The event showcases a series of collaborative projects between China and CEEC, highlighting the achievements in various sectors. Participants of the 4th China-CEEC Expo and International Consumer Goods Fair engage in discussions at an exhibitor booth of Yuyao enterprise. A VR entertainment initiative co-developed by China and Hungary under the China-Central and Eastern European cooperation framework is featured at the expo, offering visitors an immersive experience in a magical forest while wearing VR goggles, allowing them to soar to colorful romantic islands on the back of a fairy's magic carpet. Zhang Mingming, general manager of the Ningbo Central and Eastern European Innovation Base, noted the all-encompassing support from the Central and Eastern European International Industrial Cooperation Park and the Yuyao Investment Promotion Center during the project's development. 'With their assistance, we connected with Ningbo Fantawild, established the project's operational base, and quickly completed business registration, site decoration, and contract negotiations, which earned us praise from the Hungarian side,' he said. As a major manufacturing hub and export-driven economy, Yuyao has long been a key player in Ningbo and Zhejiang's opening up to international markets. The city is home to the province's first Sino-Japanese joint venture and the China-Italy (Ningbo) Ecological Park, among other landmark projects. In 2020, the China-Central and Eastern European International Industrial Cooperation Park was officially established, becoming a crucial platform for enhancing economic cooperation with Central and Eastern Europe. In addition to the industrial cooperation park, numerous private enterprises in Yuyao are actively expanding their operations in Central and Eastern Europe. Several Yuyao-made products have already become part of consumers' lives in the region. For example, products developed by Zhejiang Biyi Electric Appliance Co., Ltd., including coffee machines and air fryers, have entered the markets of eight Central and Eastern European countries, with exports to the region up by nearly 90% in 2024. From January to April this year, the company's exports to the region increased by over 50% year on year. Similarly, Ningbo Fuda Intelligent Technology, has seen significant success in the Central and Eastern European market since entering Poland five years ago. The company has exported mobile air conditioners and dehumidifiers to five Central and Eastern European countries. 'Thanks to our years of dedicated development in the Central and Eastern European market, we have seen a surge in shipments since 2025, with sales increasing nearly 180% from January to April 2025,' said Fang Zhihao, deputy general manager of Fuda, emphasizing the market's vast potential. In late March, Ningbo organized a delegation of over 40 companies, including Biyi Electric Appliance and a local hot spring resort, to explore opportunities in Central and Eastern Europe. They attended the China-Hungary trade and investment matchmaking conference and visited various enterprises and institutions in Central and Eastern Europe to generate interest for the upcoming expo, according to the information office of Yuyao. Statistics from Yuyao customs showed that from January to April this year, the total value of imports and exports by private enterprises in Yuyao reached 30.27 billion yuan, a year-on-year increase of 18.3%, accounting for 80.3% of the city's foreign trade. More than 900 Yuyao businesses export to Central and Eastern Europe, with an export value of 1.88 billion yuan, up 24.1% from last year. The continued expansion of Yuyao enterprises in the Central and Eastern European markets is supported by a series of facilitative government measures. To assist local businesses in accelerating exports to Central and Eastern European countries, Yuyao customs has promoted self-printed certificates of origin, ensuring quick access for businesses. From January to April this year, Yuyao customs issued 539 certificates of origin for exported goods to Central and Eastern Europe, valued at 143 million yuan, representing year-on-year increases of 10% and 35.92%, respectively. Recognizing the region's abundance of specialized, innovative small- and medium-sized enterprises, Yuyao customs has leveraged its customs credit accreditation policies to establish a target list of 46 specialized 'little giant' enterprises, providing advanced certification policy guidance to five firms, successfully nurturing Fengmao Technology into a customs AEO (Authorized Economic Operator) certified enterprise. In March this year, Yuyao announced plans for 2025 to implement initiatives to nurture industrial leaders, facilitate industry upgrading, promote enterprise going-global and encourage private firms to lead overseas venture along Belt and Road countries, among others. Hashtag: #Yuyao The issuer is solely responsible for the content of this announcement.
