A collection of 100 posts
The commercial flight numbers of several Central and Eastern European (CEE) countries are closing in on their pre-pandemic levels faster than the EU average, according to new data reported by Eurostat. When the EU’s official statistics office compared the number of flights made in March 2022 to those in
Estonia is providing the most aid to Ukraine by far in relation to its economic output, according to a new data tracker set up by the Kiel Institute for the World Economy. The Baltic country has promised aid worth nearly 0.8% of its GDP, way ahead of Poland on
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,
Russia’s Sberbank has sold its 43% stake in Fortenova to Hungarian-US investment fund Indotek Group, Croatian daily Jutarnji List reported. The deal came as the EU and US unveiled new economic sanctions on Russian banks in response to the country’s invasion of Ukraine. Fortenova is Croatia’s largest
Czechia’s Ministry of Defence says 100,000 Czechs have coughed up over EUR 27 million through a crowdfunding campaign which began last month to send weapons to Ukraine, writes Prague Morning. Funds from the campaign, intended for weapons and military supplies, are being sent directly to Ukraine’s embassy
Poland is predicted to have the highest level of inflation of 6.8% in Central and Eastern Europe (CEE) – and the EU as a whole – this year, according to a new European Commission (EC) forecast. The EC’s prediction for Poland is way over the average predicted rise in the
With a EUR 1,074 minimum wage, Slovenia was the only country in Central and Eastern Europe (CEE) where a gross monthly salary of over a thousand euros was guaranteed, as of January 2022, according to new data from Eurostat. The federal minimum wage in the United States was EUR
Europe’s largest airline Ryanair has announced plans to restore all of the flights from the Croatian capital of Zagreb that it suspended last month, while commencing services from Zagreb to Bratislava, Lviv and Corfu. Ryanair launched its base in Zagreb, where it hosts three aircraft, last year and after
As the EU surpassed its target of 20% sustainable energy usage in 2020, the Central and Eastern Europe (CEE) high achiever was Latvia 42.1%, which was in 3rd place in the bloc as a whole, new Eurostat figures show. In total, 7 CEE countries were above the EU average
European commercial aviation enjoyed an upturn last month, as the number of flights in the EU climbed 130% year-on-year. While the number of commercial flights was 166,990 in December 2020, the industry saw numbers of 383,720 last month. Flight volumes were 24% below the pre-pandemic levels in December
Every country in Central and Eastern Europe (CEE) has increased its research and development (R&D) intensity over the last decade, according to EU statistics agency Eurostat. Poland and Czechia were the regional frontrunners from 2010-20, as they both increased intensity – i.e. R&D expenditure as a
Although the six Western Balkan countries aspiring to join the European Union, referred to as the WB6, are expected to have economic growth well above the EU average this year, the economic gap with member states remains large. In GDP per capita per purchasing power terms, all of the WB6
A report by a European travel industry group says Europe’s travel industry is recovering this year, but the continent has a long way to go before it will see pre Covid pandemic levels of guest arrivals. While the 2021 summer tourism season saw decent numbers, according to the latest
“The benefits of euro adoption would outweigh the disadvantages,” Croatian President Zoran Milanovic announced after meeting George Vella, his opposite number in Malta, on Wednesday. Croatia’s head of state opposed joining the Eurozone throughout his 2019 presidential campaign, local media noted. Milanovic explained that Malta, which adopted the currency
Croatia’s Supreme Court sentenced MOL chairman-CEO Zsolt Hernadi and the country’s former prime minister Ivo Sanader to prison sentences for bribery on Monday. Hernadi paid Sanader EUR 10 million in bribes in 2008-09 to secure Hungarian energy firm MOL’s management rights in its Croatian peer INA, the