Economy

ECB maintains zero interest rate, hike on the agenda later in 2022

“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of…

3 years ago

Romania unveils massive support scheme for firms, families

Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic…

3 years ago

Growth in CEE to slow to 3.5% – World Bank

The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the…

3 years ago

EU bans Russian ships from Europe’s ports

The EU banned Russian seafaring vessels from entering European ports, as it approved its fifth tranche of sanctions against Russia…

3 years ago

Orban won by a landslide, but Hungary’s economy is sliding too

The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday.…

3 years ago

NATO agrees to beef up eastern flank defences at emergency summit

At an emergency NATO summit in Brussels on Thursday, US President Joe Biden said that the defence alliance had “never…

3 years ago

Ukraine a “living hell”, says United Nations chief

Ukrainians are going through a “living hell”, UN Secretary-General Antonio Guterres said on Tuesday, in what he termed an unwinnable…

3 years ago

Conflict at a “crossroads”, could end in April, says adviser to Ukraine’s President

The BBC reported that Russian troops were holding 400 doctors and patients captive in a hospital in the coastal city…

3 years ago

War in Ukraine deals harsh blow to CEE currencies

While the Hungarian forint was hardest hit, all the currencies of the Central and Eastern Europe (CEE) region are suffering…

3 years ago

Biden vows to defend “every inch of NATO territory”, Russia set to lose “MFN” trade status

US troops will not fight in Ukraine, but would defend “every inch of NATO territory” US President Joe Biden said…

3 years ago