Poland EU's best performing economy in Q1

3 min read Bulgaria, Croatia, Czech Republic, Economy, Germany, Hungary, Latvia, Lithuania, Poland, Romania, Slovenia, Central & Eastern Europe, Eurostat, growth, recession

Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc’s official statistics office Eurostat reported in its revised data. In Central and Eastern Europe (CEE) – and Europe as a whole – Poland had the highest growth rate of 3.8%, ahead of Croatia

Romania unveils massive support scheme for firms, families

1 min read Economy, Romania, Ukraine, EU funding, recession, taxation

Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic downturn caused by Russia’s invasion of Ukraine. Under the “Support for Romania” measures that Prime Minister Nicolae Ciuca unveiled on Monday, firms impacted by the war in Ukraine

Deutsche Bank CEO opposes Germany decoupling from Russian energy

2 min read Baltic countries, Estonia, Latvia, Lithuania, Ukraine, LNG, Natural gas, recession

Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be “almost inevitable” if imports of Russian oil and natural gas were stopped. German banks are expecting the country’s GDP growth to slow to 2% in 2022 from 2.7% in 2021, in the