Economy

Romanian minister unpacks ‘austerity plan’

Romania's Finance Minister Marcel Bolos said he is introducing prudent spending measures to put the country on a development path,…

1 year ago

Romania hikes inflation forecast

The National Bank of Romania (BNR) revised upward, to 7.5% its inflation prognosis for the end of this year on…

1 year ago

Flood-hit CEE countries ask EU, NATO for aid

Slovenia and Austria were the worst hit countries by the severe floods that swept over Central and Eastern Europe (CEE)…

1 year ago

Sanctions cannot bring Russia to its knees – MOL CEO

Only 6% of Ukrainian diesel imports come from Hungary, the head of Hungarian energy giant MOL said at a conference…

1 year ago

Forint falls regionally, as CEE central bankers mull rate cuts

Unlike its regional peers, the forint weakened massively this week, as the Hungarian National Bank (MNB) continued to unwind the…

1 year ago

Orban, Fiala trade blows over future of EU, V4

Czech Prime Minister Petr Fiala dismissed Hungarian Prime Minister Viktor Orban's claim over the weekend that Czechia has "changed sides"…

1 year ago

Hungary tops EU inflation list for June

The top 11 inflation rates in the EU were in Central and Eastern Europe (CEE) countries in June 2023, according…

1 year ago

Romania’s top banker – ‘close tax loopholes’

National Bank of Romania (BNR) chief economist Valentin Lazea warned that the country’s ballooning deficit could make it "the next…

1 year ago

Romania polls lowest consumer prices in EU, followed by Bulgaria, Poland

Romania last year recorded the EU’s lowest level of prices for consumer goods and services in households, 42% below the…

1 year ago

New Romania PM underlines support for NATO, vows to cut inflation to single digits

Incoming Romanian Prime Minister Marcel Ciolacu stressed the importance of the EU and NATO, on Thursday, 15 June, in his…

1 year ago