Romania tops inflation list, Latvia rate flattens
Romania reported the highest inflation rate in May, of 5.8%, driven by significant increases in housing and utilities prices, according to...
inflation
Czech inflation second highest ever in 2023
Czechia's rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country's second-highest annual inflation...
CEE inflation eases, but V4 still EU outliers
Hungary remained the EU's most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday...
Romania hikes inflation forecast
The National Bank of Romania (BNR) revised upward, to 7.5% its inflation prognosis for the end of this year on Wednesday,...
Hungary gov’t reacts to shrinking retail sector with compulsory price cuts
The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the “devastating...
Inflation swallows up pay hikes in Romania
The average net salary in Romania was RON 4,254 (EUR 864) in January 2023, up 15% year-on-year, but down RON 144,...
Hungarian central bank chief repeats criticisms of Orban’s economic policy
Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website...
Baltic inflation ‘canary in the coal mine’ for rest of Europe in 2023
The three Baltic countries are the worst hit by the wave of inflation in Europe, according to the latest flash estimate from the...
Moody’s forecasts CEE growth in 2022, amid soaring inflation
The loan-book performance of banks in Central and Eastern Europe (CEE) is set to worsen as interest rate hikes take their...
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...
CEE urges more time for EU projects
Inflation is endangering EU-funded infrastructure constructions across Central and Eastern Europe (CEE), and affected countries say the European Commission (EC) is...
Baltic countries see rocketing inflation as Eurozone hits all-time high
Inflation was highest in Estonia amongst the Eurozone countries in May, according to a Eurostat report that estimated 20.1% year-on-year for...
ECB maintains zero interest rate, hike on the agenda later in 2022
“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of the...
Orban won by a landslide, but Hungary’s economy is sliding too
The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday. After...
Poland tops EC inflation list for 2021, 2022
Poland is predicted to have the highest level of inflation of 6.8% in Central and Eastern Europe (CEE) - and the...
Baltic countries CEE’s inflation hot spots
Price rises in Central and Eastern Europe (CEE) countries were mostly above the Eurozone average of 4.9% in November, as inflation...
Romanian Government Fails No-confidence Vote
With the country seeing a massive surge of the COVID-19 pandemic and having to deal with a tenuous international credit rating,...