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...
Economy
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...
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 downturn...
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 World...
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 on...
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. After...
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 been...
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 war...
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 of...
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 adverse...
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 on...
Ceasefire talks between Russia and Ukraine fail
Delegations from Ukraine and Russia were unable to broker a 24-hour ceasefire in their meeting on Thursday morning in Turkey. While...
Bombing of children’s hospital in Mariupol “genocide”, says Zelensky
Ukraine’s President Volodymyr Zelensky is calling Russian forces bombing on Wednesday of a 600-bed children’s and maternity hospital in the port...
EU looks to abandon Russian fuel sources due to “tectonic shift in European history”
Calling Russia's invasion of Ukraine "a tectonic shift in European history", the European Union is working out how to wean itself...