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 EU will recommend that member states open accession negotiations with Bosnia-Herzegovina (BiH), a candidate for membership since 2022, European Commission (EC) President Ursula von der Leyen said Tuesday, 12 March. Wary of Russian influence, von der Leyen said “We have realised that it is not enough to just wait
The rating for Romania’s long-term foreign currency debts is BBB- with a stable outlook, Fitch announced. According to the rating agency, the rating is due to Romania’s EU membership and associated capital inflows to support revenue convergence, external finances and macroeconomic stability. GDP per capita and human development
The prime ministers of the Visegrad Four (V4) countries met in Prague, Czechia, for the first time in eight months, on Tuesday, 27 February. Created back in 1991, the V4 comprises around 65mn EU citizens, but for the last two years differences of opinion about Russia’s invasion of Ukraine
As of next week Poland can begin to access the around EUR 60bn of previously suspended COVID:19 pandemic and green funding and some EUR 76.5bn from EU cohesion funds, European Commission (EC) President Ursula von der Leyen announced after meeting Polish Prime Minister Donald Tusk in Warsaw on
Poland will drop the USD 1.3tn (EUR 12.08) reparation demand made by the right-wing nationalist PiS government, which Polish Prime Minister Donald Tusk’s centre-left coalition toppled late last year. The country will instead seek compensation in areas such as mutual defence and revamping historic buildings, Polish Foreign
Germany’s business with Central and Eastern Europe (CEE) fell last year as the value of goods traded with the region’s 29 countries reduced by 6.5%, the Committee on Eastern European Economic Relations (CEEER) said on Wednesday, 7 February. German imports from CEE and Central Asia fell 9.
Romania has economically surpassed Greece, Hungary and is closing in on Poland, Romanian Economy Minister Stefan Radu Oprea underlined in a summary of his speech at an “Anti-RO-exit” event, against “extremist voices” who advocate for Romania leaving the EU. In a post that poses the question: “What would Romania’s
Foreign workers are increasingly replacing Hungarians across various sectors due to structural issues within the country’s economy. Government backing of lower-wage sectors such as auto and battery production, has forced highly skilled Hungarians abroad, and foreign workers are filling the void, local media wrote. Hungarian Prime Minister Viktor Orban’
From Hungary’s economic perspective, last year extended the trends observed in 2022, according to independent Hungarian think-tank Policy Solutions’s annual report. In Central and Eastern Europe, and Hungary in particular, inflation emerged as a paramount economic concern. In Hungary, inflation was of a scale unseen since the 1990s.
Czechia’s rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country’s second-highest annual inflation rate since the creation of the independent Czechia in 1993, according to data from the Czech Statistical Office (CZSO) published on Thursday 11 January. The
As Belgium assumed the EU presidency on 1 January, with a rallying cry of “Protect, Strengthen, Prepare”, Belgian Prime Minister Alexander de Croo’s said he is charting the course for a united and resilient Europe. His cautious and diplomatic approach was evident at the launch event of his six-month
Donald Tusk was elected as Poland’s prime minister as his government won a vote of confidence in the parliament on Tuesday, 12 December. “Poland is back in Europe,” the country’s new prime minister, Donald Tusk, said in Brussels. “This is the most important moment of my political career.
Slovak Prime Minister Robert Fico has reiterated his stance that Russia’s war with Ukraine is insoluble, stoking fears that he could form part of a pro-Kremlin lobby in the EU. After meeting with Czech Prime Minister Petr Fiala, Fico called the war a “frozen conflict” that cannot be solved
US rating agency Moody’s Investors Service has increased its outlook for Czechia from negative to stable, meaning a rating deterioration is not expected in the foreseeable future. Moody’s justified this as mainly due to Czechia’s significant reduction of risk in connection with gas supplies from Russia. The
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday 23 November. The plan details spending for the EU’s one-off supplementary recovery fund, which, like most EU member states, the Hungarian government began to revise in August. The