European Union

A collection of 227 posts

Wages Catching up in Visegrád Countries... A Never-Ending Story

Wages Catching up in Visegrád Countries... A Never-Ending Story

Shortly following the monumental changes to their governmental systems and economies, countries in Central & Eastern Europe did see their wages grow steadily – but over 30 years later it is apparent that average employee pay in the region can still be even half of that seen in the West of

World Bank Upgrades Outlook for Romania's GDP Growth

World Bank Upgrades Outlook for Romania's GDP Growth

Romania’s economy will grow by 6% this year, fully reversing the 3.9% contraction caused by the COVID-19 pandemic last year, according to an updated Global Economic Prospects published by the World Bank. The global outlook remains subject to significant downside risks, including the possibility of additional COVID-19 waves

Hungary: European Parliament Green Policies Too Much

Hungary: European Parliament Green Policies Too Much

1 min read Hungary, European Union

Several European “green” initiatives have provoked resentment in Hungarian government circles. The outrage is mainly due to the European Parliament having failed to endorse a European Council proposal on a reform of the Common Agricultural Policy (CAP) for the period 2023-2027. The debate is over the greening of direct payments