A collection of 12 posts
Support for introducing the euro in Poland has decreased in the last year, pollster SW Research found, in a survey commissioned by the Economic Freedom Foundation. The proportion of Poles who back joining the eurozone in Poland “in the coming years” decreased year-on-year, from 34.9% in 2023 to 30.
The forint rebounded against both the US dollar and euro late Monday, on news that Russian-state-run energy company Gazprom has agreed not to collect payment on Hungary’s gas usage this winter. As per the deal, announced by the Hungarian Energy Board MVM earlier Monday, Hungary can delay payment for
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
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth country to do so, and the first since Lithuania in 2015. Having received positive assessments of the ECB and the European Commission, the path for euro adoption is now
“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of the European Central Bank (ECB), said after its Governing Council met on Thursday afternoon. The ECB restated its intention to conclude bond buying in the third quarter. With inflation at
While the Hungarian forint was hardest hit, all the currencies of the Central and Eastern Europe (CEE) region are suffering adverse effects as a result of the war in Ukraine. Proximity to the war zone, dependence on Russian gas and the impact of EU sanctions combined to commence the CEE
“The benefits of euro adoption would outweigh the disadvantages,” Croatian President Zoran Milanovic announced after meeting George Vella, his opposite number in Malta, on Wednesday. Croatia’s head of state opposed joining the Eurozone throughout his 2019 presidential campaign, local media noted. Milanovic explained that Malta, which adopted the currency
Around 58% of Bulgarians oppose adoption of the Euro as their country’s currency, according to a poll conducted by Trend Agency. Just 21% would back their country joining the Eurozone, while the same percentage are undecided on the matter, the Bulgarian pollster found. Some 71% of respondents said Euro
Bulgaria, the poorest EU member state, is sliding into political chaos, throwing its ability to tap into badly needed EU economic recovery aid into question. Currently run by a caretaker cabinet with limited powers, appointed by president Rumen Radev, the country is on the brink of calling a third general
Two countries in Central & Eastern Europe (CEE), Bulgaria and Croatia, are on track to introduce the European common currency. In Sofia, politicians on both the left and right endorse the euro despite the looming government crisis, while Zagreb has even decided on its national symbols to be portrayed on
Serbia’s central bank is accusing Croatia of appropriating the the historical and cultural heritage of Serbians if Zagreb places inventor Nikola Tesla’s visage on euro coins, when the latter country hopes to adopt the euro common currency in 2023. Tesla, the inventor of alternating current (AC) among his
According to a new Flash Eurobarometer Romanian citizens are most eager to join the eurozone. The survey polled people in 7 EU countries where there is no euro yet. The results show that 75 per cent of Romanian respondents want to switch their Leu to Euros up from 63 per