This tag highlights content related to economic systems, trends, and impacts — including topics such as macroeconomic analysis, financial markets, economic policy, and sustainable growth.
Romania’s Finance Minister Marcel Bolos said he is introducing prudent spending measures to put the country on a development path, despite potential negative consequences at the ballot box, in a speech in Beclean, north Romania, on Friday 19 August. Bolos, a member of Marcel Ciolacu’s Social Democratic rotation
The National Bank of Romania (BNR) revised upward, to 7.5% its inflation prognosis for the end of this year on Wednesday, 9 August. According to the data presented by the central bank’s governor Mugur Isarescu, inflation will be 4.4% at the end of 2024. Presenting the Quarterly
Slovenia and Austria were the worst hit countries by the severe floods that swept over Central and Eastern Europe (CEE) over the weekend. As thousands evacuated their homes and four died in Slovenia, the country asked for help from the EU and NATO. In Austria, one person died after falling
Only 6% of Ukrainian diesel imports come from Hungary, the head of Hungarian energy giant MOL said at a conference on Saturday, 29 July. MOL CEO Zsolt Hernadi was responding to a recent article by Netherlands daily Handelsblatt, which said MOL’s oil deliveries to Ukraine have doubled in the
Unlike its regional peers, the forint weakened massively this week, as the Hungarian National Bank (MNB) continued to unwind the emergency measures around Europe’s most inflated currency, Hungarian business website Portfolio wrote. Against the euro and the dollar, the domestic currency suffered a significant devaluation, 1.8% against the
Czech Prime Minister Petr Fiala dismissed Hungarian Prime Minister Viktor Orban’s claim over the weekend that Czechia has “changed sides” regarding the EU, emphasising the importance of regional cooperation, rather than “absurd stigmas”. Speaking at the 32nd Baile Tusnad “Summer University” Orban had said Czechia is now aligned with
The top 11 inflation rates in the EU were in Central and Eastern Europe (CEE) countries in June 2023, according to new data figures published by Eurostat, the EU’s official statistics office. All of the EU member states in CEE registered inflation over the EU average of 6.4%
National Bank of Romania (BNR) chief economist Valentin Lazea warned that the country’s ballooning deficit could make it “the next candidate for IMF assistance and possible suspension of EU funds”. Lazea wrote that Romania risks achieving an unwanted economic precedent in the EU: “a country that committed to reducing
Romania last year recorded the EU’s lowest level of prices for consumer goods and services in households, 42% below the EU average, according to the Romanian National Institute of Statistics (INS), www.digi24.ro reported. Romanian prices are followed by Bulgaria (41% below the EU average) and Poland (38%
Incoming Romanian Prime Minister Marcel Ciolacu stressed the importance of the EU and NATO, on Thursday, 15 June, in his first speech since becoming premier. Romania’s new government has been officially confirmed by the parliament, and it includes former EU permanent representative Luminita Odobescu as foreign minister. After being
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc’s official statistics office Eurostat reported in its revised data. In Central and Eastern Europe (CEE) – and Europe as a whole – Poland had the highest growth rate of 3.8%, ahead of Croatia
The EU’s official statistics office Eurostat details the effects of the bloc’s sanctions and trade restrictions regarding Russia in the wake of its invasion of Ukraine on February 24, 2022, in its latest report. Eurostat notes that exports and imports both remain below pre-invasion levels. In terms of
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the EU’s official statistics agency Eurostat. This constituted 6.3% of those in that age group, a historic low since 2009, it added. The lowest rate in Central
Former Slovak Central Bank (NBS) deputy governor Ludovit Odor was sworn in as the country’s interim prime minister this week. Odor’s appointment ended six months of political limbo, and he is expected to lead his 15-member caretaker cabinet until national elections are held on 30 September. Watershed moment
Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but large energy companies can be less happy, Hungarian business website Portfolio reported. The explains the price falls as due to an “exceptionally mild” winter and European’s successful decoupling from