A collection of 122 posts
The combination of a rise in demand for renewable energy sources and supply-chain issues is causing problems for manufacturers in Czechia and other countries in Central and Eastern Europe (CEE). Companies in Czechia cannot meet the increasingly high demand for renewables due to a shortfall in both materials and workers,
The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the World Bank says in its new report that includes detailed outlook analyses for Poland, Bulgaria, Croatia and Romania. According to the Washington-based lender’s ECA Economic Update Spring 2022 report,
Slovakia has by far the lowest wealth inequality in Central and Eastern Europe (CEE), with a Gini score of 50.3, the Global Wealth Report 2021 published by the Credit Suisse Research Institute reveals. Slovakia even ranks as having the lowest wealth inequality in Europe
Eastern Europe will be high on the agenda during France’s six-month EU rotating presidency tenure which will commence in under three weeks, French President Emmanuel Macron underlined on Thursday. Without specifically naming Poland and Hungary, Macron called the rule of law “non-negotiable” for the EU and urged countries to
The Eastern European countries with large digital economies such as Estonia, Czechia and Hungary are best placed to stimulate growth by increasing sector productivity, according to reports by McKinsey, Microsoft, IT recruiters and other experts. Although ICT wages remain significantly lower in Central and Eastern Europe (CEE) than on the
Henry Ford once said: “I am ready to account for any day in my life, but don’t ask me how I made my first million.” The billionaires of Central and Eastern Europe, many of whom began to build their empires during the “wild privatisations” of the 1990s, would no
Russian state-owned Gazprom and Hungarian energy group MVM signed a ten-year gas-supply agreement at the end of August. Under the deal, effective 1 October, Gazprom transits 4.5 billion cubic metres of natural gas to Hungary annually via two routes: 3.5bn through a new pipeline via Serbia and 1bn
The citizens of EU’s richest and most populous country go to the polls on September 26, and no foreign election is as important to Central Europeans as Germany’s. With Chancellor Angela Merkel set to stand down as leader of the bloc’s economic engine after 16 years, the
A new study finds that the Czech Republic still has the most favorable conditions for manufacturing among countries in Europe. Worldwide, the country ranks 5th, behind China, India, the United States and Canada. The result is derived from a study, entitled Manufacturing Risk Index, carried out by the real estate
As in the rest of Europe, the cost of both buying and renting property has gone up in Central & Eastern Europe (CEE). Emerging Europe observes that within the region, the highest increases both for rental and purchase are being seen in Croatia, Slovakia, Poland and Estonia. One analyst notes
Small, export-oriented countries may lose out to larger economies if a “minimum tax” proposal from the Organisation for Economic Co-operation and Development (OECD) remains unchanged. The proposal, backed by some 130 countries, would introduce a 15% minimum corporate tax globally to end the current “tax race to the bottom,” a
Romania’s economy continued its robust post-pandemic recovery in the second quarter after already returning to pre-pandemic levels in the first quarter. The country’s gross domestic product (GDP) went up by 1.8% in the second quarter of this year compared to the previous quarter, marking the fourth consecutive
Bulgaria, the poorest EU member state, is sliding into political chaos, throwing its ability to tap into badly needed EU economic recovery aid into question. Currently run by a caretaker cabinet with limited powers, appointed by president Rumen Radev, the country is on the brink of calling a third general
The Hungarian government is opposed to the introduction of a single EU carbon price and extension of the EU’s Emissions Trading System to households, namely buildings and the transport sector, according to state secretary for the Development of Circular Economy, Energy and Climate Policy, Attila Steiner, who noted that
Two countries in Central & Eastern Europe (CEE), Bulgaria and Croatia, are on track to introduce the European common currency. In Sofia, politicians on both the left and right endorse the euro despite the looming government crisis, while Zagreb has even decided on its national symbols to be portrayed on