As CEE energy costs soar, IMF says customers should pick up the bill
The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills, in...
Economy
Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis
Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central and...
Inflation hits CEE harder than rest of EU
The EU annual inflation rate rose from 8.8% to 9.6% in June, the bloc's official statistics agency Eurostat reports. The inflation...
Croatia to adopt euro next year, as Balkan country clears final hurdles
The EU formally approved on Tuesday Croatia joining the Eurozone on New Year's Day 2023, and proclaimed the development as the...
Bruising week for CEE currencies ends with slight rises for zloty, forint, Czech crown
The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally, impacting...
Croatia to get less Covid recovery funding after economic rebound in 2021
The European Commission (EC) will cut Croatia’s maximum share of the EU's Recovery and Resilience Facility (RRF) stimulus programme by around...
Inflation soars in the Baltics
Surging energy prices pushed prices up across the EU in June, but the three Baltic countries have been hardest hit, according...
Bulgaria coalition on brink after just six months
Bulgarian Prime Minister Kiril Petkov is trying to save his administration by persuading seven MPs to support his coalition in the...
Austria tries to get Serbia back on EU track
Austria’s foreign and European affairs minister said he expects the countries in the Western Balkans (WB) to join the EU, after...
CEE urges more time for EU projects
Inflation is endangering EU-funded infrastructure constructions across Central and Eastern Europe (CEE), and affected countries say the European Commission (EC) is...
Croatia set to join the Euro
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth...
Lithuanian FM opens up to The Spectator, as country strengthens security, trade with UK
Lithuania allowing Taiwan to open a ‘Taiwanese Representative Office’ in its capital Vilnius “gave China reason to go all-out against us”,...
Baltic countries see rocketing inflation as Eurozone hits all-time high
Inflation was highest in Estonia amongst the Eurozone countries in May, according to a Eurostat report that estimated 20.1% year-on-year for...
Hungary to levy windfall taxes on banking, energy, telcos, airlines, retail, pharma, ads
Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will have...
Metals illustrate difficulty of decoupling from Russian economy – CET analysis
The US can do without Russian oil, but has been reluctant to give up on its metals. Sanctions against Russian aluminium...
Balkan business leaders urge simpler border controls
Serbian and Croatian business organisations are calling for less friction in the flow of goods across their common border, in the...
Europe’s road from Ostpolitik to a possible total Russian energy ban – CET analysis
Mutually beneficial business relations were meant to cement cooperation and peace in Europe after WWII. This post-world war global order is...
Croatia’s aviation industry most resilient in EU
The commercial flight numbers of several Central and Eastern European (CEE) countries are closing in on their pre-pandemic levels faster than...
Estonia most generous to Ukraine per head, Poland second biggest donor in absolute terms
Estonia is providing the most aid to Ukraine by far in relation to its economic output, according to a new data...
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 the...