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,...
inflation
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...