This tag highlights content related to economic systems, trends, and impacts — including topics such as macroeconomic analysis, financial markets, economic policy, and sustainable growth.
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
Bosnia and Herzegovina (BiH) intends to fulfil the conditions set by the European Commission (EC) to open accession negotiations before the end of the year, BiH leader Borjana Kristo said in an interview with Euractiv. She was speaking after a EC candidates’ progress report gave BiH a conditional green light
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections expected in around a year. “I said very clearly that there will be no new taxes next year,” Ciolacu said at the opening of a government meeting. “I want
Hungary remained the EU’s most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday 17, November revealed. On the upside, this was the first time Hungary’s inflation rate had fallen to single digits since April 2022. The EU’
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European (CEE) shifted in size, partly due to soaring commodities prices, the latest Coface CEE Top 500 study found. In its 15th annual study, the French insurance company collects data
Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania and Hungary. This diversification includes economic outlooks, inflation profiles and reaction functions of central banks, the Dutch bank added in its report entitled “One region but very different stories for
A memorandum of understanding (MOU) signing between Hungary’s 4iG and China’s Huawei, both controversial companies close to their respective governments, has provoked anger from the US government. Huawei and 4iG say they want to play a pivotal role in the global race for high-speed 5G data transmission. The
The EU will finance Western Balkans (WB) integration reforms to the tune of EUR 6bn, European Commission President Ursula von der Leyen said in Skopje, north Macedonia, on Monday. “These reforms will come with investment,” von der Leyen said during a press conference with North Macedonia Prime Minister Dimitar Kovacevski.
The European Central Bank (ECB) left interest rates unchanged this week for the first time in over a year. Thursday was the bank’s first meeting with no change after increases back to July 2022 that pushed the ECB interest rate to a high of 4%. As inflation falls, the
Although Poland’s ruling Law and Justice (PiS) received the most votes of any single party at the weekend elections, it was the opposition Civic Coalition (KO) who were celebrating on Sunday night. Youth voters were mobilised and turnout was an unprecedented 74.38%, as three opposition groups won mandates
Romanian Prime Minister Marcel Ciolacu declared that he was happy after holding discussions with International Monetary Fund experts after their annual visit from 25 September and 4 October. According to Romanian Finance Minister Marcel Bolos the IMF had advised the government to crack down on tax evasion. The IMF overall