WOOD Flash – Czech Republic macro: elections – forced cooperation should keep the economy strong
The Czech National Statistics office has released the final count of the general elections that took place on 3-4 October. As widely flagged by the opinion polls, the party of Andrej Babis, ANO 2011, gained the relative majority of the votes, with 34.51% of the total, equivalent to 80 of the 200 seats in the Chamber of Deputies. ANO won 13 of the 14 regions in the country.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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