Look for:

Our offer for

Research Detail

2021/01/19 / Erste Group Research

Patience to open up is running out, not the cash of governments

CEE countries are still not out of the woods as far as the COVID-19 pandemic is concerned, but at least government finances seem secure. The biggest task of financing was already tackled last year. Lower supply does not mean that we should expect lower yields in CEE, however.

The region started the year with a mixed picture. Vaccines are finally available, but vaccination is going at a slow pace. Also, the more virulent variants of the coronavirus are making most countries even more careful than before. This is not something that helps the economy in the short run. That said, the debt management situation is at least pretty safe. It is the patience for things to open up that is running out, not the cash of governments, fortunately.

PDF Download Download PDF (1.3MB)

General information

AuthorErste Group Research
Product nameCEE Bond Market Report
Topic in focusFX, Macro/ Fixed income
Economy in focusCEE, Croatia, Czech Republic, Hungary, Poland, Romania, Serbia, Slovakia, Slovenia
Currency in focusCroatian Kuna, Czech Koruna, Euro, Hungarian Forint, Polish Zloty, Romanian Leu, Serbian dinar
Sector in focus-


We use cookies and web analysis software to give you the best possible experience on our website. By continuing to browse this website, you consent for these tools to be used. For more details and how to opt out of these, please read our Data protection policy.


Any information, material and services regarding financial instruments and securities provided by Česká spořitelna/Erste Group/ or any of its affiliates (collectively “Erste Group“) on this and any linked website hereafter (jointly the “Websites“) shall be exclusively to investors who are not subject to any legal sale or purchase restrictions.

By agreeing to this hereto, the visitor entering this Websites confirms that has read, understood and accepted this Information and the Disclaimer