Economy

A collection of 244 posts

Austria coalition ends five months of limbo

Austria coalition ends five months of limbo

Austria’s centre-right People’s Party (OVP), centre-left Social Democrats (SPO) and centrist, liberal NEOs have now finalised a coalition pact after a five-month political impasse and two rounds of failed negotiations. Members of the NEOs voted 94% in favour of a coalition deal on Sunday, 2 March, clearing the

Ukraine, Slovakia ranked most bureaucratic countries

Ukraine, Slovakia ranked most bureaucratic countries

Except for wartorn Ukraine, Slovakia has the most red tape in Central and Eastern Europe (CEE), according to the latest Bureaucracy Index, an annual report by the Institute of Economic and Social Studies (INESS). The Bureaucracy Index measures the time and resources businesses must dedicate to compliance with government regulations.

Pro-Russian protestors set fire to EU office in Sofia, as Bulgaria nears eurozone

Pro-Russian protestors set fire to EU office in Sofia, as Bulgaria nears eurozone

As Bulgaria edges closer to the Eurozone, some 1,000 protestors gathered outside the National Bank headquarters waving banners and placards proclaiming “No to the euro” and “Yes to the Bulgarian lev” in a demonstration organised by the pro-Russian Vazrazhdane (Revival) Party on Saturday, 22 February. The demonstrators later proceeded

Austrian mainstream parties edge towards coalition after attempt of pro-Putin party fails

Austrian mainstream parties edge towards coalition after attempt of pro-Putin party fails

The centre-right People’s Party (OVP) and the centre-left Social Democrats (SPO) are working behind closed doors on a coalition deal that would exclude the far-right, pro-Russia Freedom Party (FPO) from government, after the latter party failed to form a ruling coalition, party officials said on Thursday, 20 February. Austria’

Kosovo PM wins election but loses majority

Kosovo PM wins election but loses majority

Kosovo’s parliamentary elections saw Kosovan Prime Minister Albin Kurti’s ruling centre-left Vetevendosje (self-determination) party win the most seats but fall short of a majority, on Sunday, 9 February. Kurti’s party garnered around 40% of the votes, down from 50% in 2021, exit polls suggested. He wrote on

EU unveils strategy to compete with China, US

EU unveils strategy to compete with China, US

The European Commission (EC) unveiled its flagship “Competitiveness Compass” initiative on 29 January, the first major project of its 2024-29 term. The initiative is designed to serve as a strategic roadmap to foster innovation in sectors such as AI, semiconductors, quantum tech and biotechnology in Central and Eastern Europe (CEE)

Wave of anti-gov't protests sweeps CEE

Wave of anti-gov't protests sweeps CEE

The year in Central and Eastern Europe (CEE) has begun with large-scale protests across the region, including in Serbia, Slovakia, Greece and Montenegro, amid rising geopolitical tensions. While the triggers vary, the demonstrations have the common thread of addressing government incompetence and demanding improved transparency, reforms and alignment with European

With Orban trailing, new report sees 2025 as 'pivotal' for Hungary

With Orban trailing, new report sees 2025 as 'pivotal' for Hungary

Hungary’s political landscape is marked by a mix of economic uncertainty increasing opposition momentum and continued tensions with the EU, according to the annual report of independent Budapest-based think tank Policy Solutions. “Fifteen years in power was supposed to be a key milestone when things could have mellowed for

Czechia stars on Deloitte CEE Tech 'Fast 50'

Czechia stars on Deloitte CEE Tech 'Fast 50'

Central and Eastern Europe (CEE) is emerging as a hub for innovation and growth with the achievements of its fastest-growing technology companies, according to the Deloitte Technology Fast 50 Central Europe 2024 report. The global auditor’s annual report, now in its 25th year, ranks the 50 fastest-growing public or

What Trump presidency means for CEE

What Trump presidency means for CEE

US President Donald Trump’s inauguration ceremony on Monday, 20 January, broke with tradition and extended invitations to political leaders. However, footage of former Poland prime minister Mateusz Morawiecki attempting to cross a barricade into the ceremony site by showing US National Guard members his Wikipedia page, which went viral

Poland begins EU presidency with Orban snub

Poland begins EU presidency with Orban snub

Polish Prime Minister Donald Tusk said he will prioritise security, defence and support for Ukraine while strengthening sanctions on Russia, at the launch event of his country’s presidency of the Council of the EU on 3 January, 2025. The gala began with a speech from Tusk, who outlined the

Poland to focus on security, regional cooperation during upcoming EU rotating presidency

Poland to focus on security, regional cooperation during upcoming EU rotating presidency

Polish government representatives outlined the key priorities for its six-month stint holding the presidency of the Council of the EU from 1 January , at a press event at the Chancellery of the Prime Minister in Warsaw on Tuesday, 10 December. Unveiling the motto of its upcoming tenure “Security, Europe!”, Polish

FDI paints rosier picture for Poland, Romania - OECD report

FDI paints rosier picture for Poland, Romania - OECD report

Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical tensions, according to the Economic Outlook December 2024 report from the Organisation for Economic Co-operation and Development (OECD). Inflationary pressures, labour shortages, and weakened demand from key European markets, most notably Germany, are affecting industrial