Photo: European Union / Mauro Bottaro
Bulgaria’s real gross domestic product (GDP) is expected to grow by 4.5% this year and by 4.0% in 2022, stronger than previously expected, the European Bank for Reconstruction and Development (EBRD) announced. The main upside risks to the outlook are a stronger rebound of consumption amid high wage growth and a swifter recovery in investments and goods exports.
“On the downside, the slow vaccination rollout could damage the tourism season this summer, and the current political difficulties could delay public investments and absorption of EU funds through the Recovery and Resilience Facility,” the EBRD added.
Polish government representatives outlined the key priorities for its six-month stint holding the presidency of…
Romania and Bulgaria are set to become full members of the Schengen Area on 1…
Slovenia has announced an increase in border controls with Croatia and Hungary, citing national security and escalating concerns over…
Digital news consumption in Central and Eastern Europe (CEE) is transforming, driven by evolving audience…
Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical…
Austria's economy has contracted for the sixth quarter in a row, and there has been…