Research Detail
| 2023/08/11 / Erste Group Research |
CEE Special Report | CEE keeps progressing in Social Development Goals The Central and Eastern Europe (CEE) region has demonstrated progress towards most of the Social Development Goals. Notably, SDG1: No poverty showed the greatest advancements, followed by SDG8: Decent work and economic growth. However, the region has lagged behind in the SDG2: Zero hunger and SDG7: Affordable and clean energy targets. Specifically, the transition to greater sustainability and environmental responsibility poses a significant challenge to the region's social and economic development. In the area of Social Development Goals, Croatia and Slovenia have made progress across all 17 targets. On the other hand, Czechia, Hungary, and Slovakia have moved away from just one goal each. Unfortunately, Poland and Romania continue to face significant challenges, moving away from five goals in total which have proven particularly difficult to achieve. As of 2022, three countries in this region, namely Hungary, Poland, and Slovenia have issued green bonds. Among these, the Hungarian government has taken the lead in terms of green bond issuance, with an amount equivalent to 2.5% of their GDP in 2022, according to the Eurostat survey. Slovenia, on the other hand, issued green bonds equivalent to around 2% of GDP in 2022, while Poland issued green bonds equivalent to approximately 0.5% of GDP. Over the past few years, there has been a steady rise in green bond issuance. Notably, the trend is not limited to governments, as the ESG debt (also known as Environment, Social, and Governance debt) has increased across all sectors of the economy. |
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General information
| Author | Erste Group Research |
| Date | 2023/08/11 |
| Language |  |
| Product name | CEE Economies Special Report |
| Topic in focus | FX, Macro/ Fixed income |
| Economy in focus | CEE |
| Currency in focus | - |
| Sector in focus | - |
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