economy

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…

1 year ago

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…

1 year ago

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.…

2 years ago

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…

2 years ago

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,…

2 years ago

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…

2 years ago

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,…

2 years ago

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…

2 years ago

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…

2 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

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…

3 years ago

Romania’s Economy Grows 13% in 2nd Quarter

Reading Time: < 1 minute In Romania the post-pandemic economic recovery in the second quarter is already exceeding the pre-pandemic…

3 years ago

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…

3 years ago