This tag highlights content related to economic systems, trends, and impacts — including topics such as macroeconomic analysis, financial markets, economic policy, and sustainable growth.
The European Commission (EC) opened the possibility for EU national leaders to punish Hungary in an upcoming vote on funding suspensions, on Wednesday, 30th November. In a twin move, the EC suspended a EUR 7.5bn cohesion funding payments, subject to 17 milestones that Hungary must meet and, more ambiguously,
Venture capital (VC) financiers invested EUR 71mn in Lithuanian fintechs in 2021, up from EUR 18mn in 2020, according to The Financial Times’ first ever special report on the country. User-friendly regulation is attracting start-ups, though the UK’s lead will be hard to match, the UK business daily writes
Hungary could lose billions of euros from its Recovery and Resilience Facility (RRF) funding entitlement after the European Commission (EC) decided that it is unsatisfied with its rule of law reforms and corruption levels on Wednesday, 23 November. Hungary is officially entitled to EUR 5.8bn of RRF funds as
Robotisation has risen sharply in CEE, according to a new report entitled “How do Economies in EU-CEE Cope with Labour Shortages?” released by the Vienna Institute for International Economic Studies (wiiw). As robotisation levels mainly depend on the automotive, electrics and electronics industries, they have spiked in recent years in
The European Commission (EC) told Slovakia on Tuesday to include spending limits in its state budget or risk endangering the EUR 6.3bn it has earmarked for the country via its Recovery and Resilience Facility (RRF). According to the EC, Slovakia has failed to follow up on calculating how spending
For the ninth consecutive year, Estonia has the best tax regime of the Organisation for Economic Cooperation and Development (OECD) countries, according to the latest International Tax Competitiveness Index (ITCI). Of the index’s top ten countries, five from Central and Eastern Europe (CEE) were included. Estonia’s top ITCI
Hungary will find out whether it will receive its EUR 7.2 bn pandemic recovery fund payment on 22 November, Bloomberg reports, citing inside EU sources. After over a year of discussions, in September the European Commission (EC) froze the funds due to concerns regarding the rule of law in
Central and Eastern Europe (CEE) is one of the fastest growing regions in Europe by enterprise value and has grown by 760% since 2017, according to the latest annual report by Dealroom.co. The Amsterdam-based startup and tech data company found three main takeaways from its research of regional venture
Household electricity prices rose year-on-year in the first half of 2022, from EUR 22 per to EUR 25.30 per 100 kWh on average, according to the latest report by Eurostat. Meanwhile households across the bloc saw gas prices climb from EUR 6.40 to EUR 8.60 per 100
The tensions around the burgeoning relations between Taiwan and Central and Eastern Europe (CEE) will be on the agenda when US president Joe Biden meets Chinese leader Xi Jinping in Bali today (Monday 14, November). Last Monday Lithuania opened its trade office in Taiwan, the same day that the 23-million
The loan-book performance of banks in Central and Eastern Europe (CEE) is set to worsen as interest rate hikes take their toll on the loan repayment capacity of borrowers, according to a report released by Moody’s on Thursday. The credit rating agency notes that although CEE region’s inflation
MEPs backed Bulgaria and Romania joining the Schengen zone in the coming months by an overwhelming margin on Tuesday. Of the 639 members of the European Parliament (EP), 547 voted in favour of the proposal to 49 against and 43 abstentions. After the vote, Romanian Prime Minister Nicolae Ciuca tweeted
Czechia and Qatar signed bilateral agreements on Wednesday, as the Gulf state announced that it will open its first embassy in the Czech capital of Prague in the next few months. Qatar ruler Sheikh Tamim met Czech Prime Minister Petr Fiala in Prague, and said mutual relations will be explored
As national currencies shed value across Central and Eastern Europe (CEE) on Thursday, the Hungarian forint fell hardest, to historic lows of 423 to the euro and 437 to the US dollar. The forint led a slump in eastern European financial markets as worries over the fallout from Russia’s
Hungarian Sinologist Tamas Matura argued in his recent report for CEPA that China wields little influence in Hungary, despite the Hungarian government’s decade of support for Beijing in the EU. However, shortly after the release of the CEPA report, China’s CATL announced plans to build a EUR 7.