E-Estonia rakes in tax revenue, ready for revamp
In the first half of 2023, businesses owned by Estonian e-residents contributed EUR 37.7mn in tax revenue, a 57% increase compared...
Economy
Michel to pledge new EU accessions by 2030
European Council President Charles Michel will announce that the EU should be ready to accept new members by 2030, when he...
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, despite...
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 Wednesday,...
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) over...
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 on...
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 emergency...
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" regarding...
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 to...
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 candidate...
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 EU...
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 first...
Poland EU’s best performing economy in Q1
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc's official statistics office Eurostat...
Russia-EU trade hit by invasion – Eurostat
The EU's official statistics office Eurostat details the effects of the bloc's sanctions and trade restrictions regarding Russia in the wake...
EU youth unemployment lowest since 2009
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the...
Economist becomes Slovakia’s first Hungarian-minority PM
Former Slovak Central Bank (NBS) deputy governor Ludovit Odor was sworn in as the country’s interim prime minister this week. Odor's...
Falling energy prices hit MOL’s Q1 figures
Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but large...
Czech govt unveils austerity package
The Czech government announced "Czechia in Shape", a new tax package to reduce the state budget deficit on Thursday 11 May....
EUR 1bn earmarked for Ukraine as EU raises ‘peace facility’ funding limit
The Council of the European Union will send another EUR 1bn in support for ammunition and missiles for Ukraine as it...
Hungary gov’t reacts to shrinking retail sector with compulsory price cuts
The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the “devastating...