Big win for right-wing in Greek elections
Greek conservative leader Kyriakos Mitsotakis's gamble paid off on Sunday, as he won a landslide victory in the country's second election...
economy
Poland EU’s best performing economy in Q1
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc's official statistics office Eurostat...
Lithuania decade’s most improved country in region, leading prosperity report finds
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s...
Slovenia agrees on EUR 3.26bn funding strategy with European Commission
Slovenia will receive 3.26 billion euros in EU funding via a partnership agreement, the details of which it finalised with the...
As CEE energy costs soar, IMF says customers should pick up the bill
The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills, in...
Inflation hits CEE harder than rest of EU
The EU annual inflation rate rose from 8.8% to 9.6% in June, the bloc's official statistics agency Eurostat reports. The inflation...
Bruising week for CEE currencies ends with slight rises for zloty, forint, Czech crown
The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally, impacting...
Croatia set to join the Euro
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth...
Hungary to levy windfall taxes on banking, energy, telcos, airlines, retail, pharma, ads
Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will have...
Growth in CEE to slow to 3.5% – World Bank
The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the World...
Slovakia most resilient on consumption
Household consumption expenditure decreased by an unprecedented 8% in the EU year-on-year in 2020, according to a new survey by the...
Western Balkans bounce back from 2020, but reforms needed to narrow gap with EU
Although the six Western Balkan countries aspiring to join the European Union, referred to as the WB6, are expected to have...
Regional economies are recovering – Vienna Institute
A leading think-tank has upped its growth forecast for Central, East and Southeast European economies this year to 5.4%, up from...
Global corporate minimum tax backed by Croatia
Zagreb has come out in support of the G20 political agreement based on a proposal to tax multinational companies. It will...
Youth Migration Costs Western Balkans billions
Western Balkan countries lose around 5.5 billion euros each year through the emigration of young citizens, a new report by the Westminster Foundation...
What Are the Consequences of a Record-setting Tourism Season in the Balkans?
By the end of August, EU member Croatia and two of its Southern neighbors down the Adriatic coast, Montenegro and Albania,...
Hungary’s PM Allegedly Pledges Allegiance to EU
Hungary's prime minister, Viktor Orbán, allegedly pledged his allegiance to the European Union and admitted that Hungary is not likely to...
Global Minimum Tax: A Blessing or a Curse?
Small, export-oriented countries may lose out to larger economies if a “minimum tax” proposal from the Organisation for Economic Co-operation and...
Romania’s Economy Grows 13% in 2nd Quarter
Romania’s economy continued its robust post-pandemic recovery in the second quarter after already returning to pre-pandemic levels in the first quarter....
EU Aid to Bulgaria “in Danger,” Amid Political Chaos
Bulgaria, the poorest EU member state, is sliding into political chaos, throwing its ability to tap into badly needed EU economic...