A collection of 110 posts
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
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
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
Zagreb has come out in support of the G20 political agreement based on a proposal to tax multinational companies. It will bring greater tax fairness, according to Croatia’s finance minister, Zdravko Marić, who said his country is in favor of the global mechanism that is planned to be enshrined
Western Balkan countries lose around 5.5 billion euros each year through the emigration of young citizens, a new report by the Westminster Foundation for Democracy found. The research, which looked at Serbia, Albania, Bosnia-Herzegovina, Kosovo, Montenegro and North Macedonia, concluded that the education of a child into adulthood
By the end of August, EU member Croatia and two of its Southern neighbors down the Adriatic coast, Montenegro and Albania, had happily concluded what was an excellent tourist season for those countries so far this year. Revenues from tourism are giving a significant boost to their economies, much needed
Hungary has floated the idea of a tripartite agreement to supply Ukraine with natural gas flows through Hungary via liquefied natural gas (LNG) received at the terminal on the Croatian island of Krk. Following a meeting with his Croatian counterpart in Budapest, Hungary’s minister of Foreign Affairs and Trade,
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