South Korean leader to ink deal in Budapest
The government is currently discussing investments with 14 South Korean companies, Hungarian Foreign Minister Peter Szijjarto said after meeting his opposite...
Investement
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...
Hungary’s Record-breaking State Aid to Battery Factory Approved
The European Commission has recently approved a EUR 90 million subsidy offered by the Hungarian government to South Korea's SK Innovations...
Ukraine and Poland Will Oppose the Launch of Nord Stream 2
The United States and Germany issued a joint declaration in which the two countries agreed to complete Nord Stream 2 and...
Hungary Threatens to Block EU’s Fit for 55 Climate Package
Hungary’s Minister Heading the Prime Minister’s Office, Gergely Gulyás said that the Hungarian government finds the EU’s Fit for 55 package...
Deadline for Hungary’s Recovery Plan
The European Commission’s deadline on assessing Hungary’s Recovery and Resilience Facility (RRF) plan expires today, July 12. According to Brussels-based Politico...
Approved: Croatia’s EUR 6.3bn Recovery Plan
The European Commission gave a positive assessment of Croatia's recovery and resilience plan, worth EUR 6.3 billion, which could significantly boost...
Faster EU Economic Recovery Expected
In the EU’s Summer 2021 interim Economic Forecast, European Commission experts predict that the economies in the EU and euro area...
Banks Will Have to Chip in to Reach EU Climate Goals
The leaders of the EU are planning to funnel hundreds of billons of euros into sustainable investments each year through banks...
Will Poland and Hungary See Sustained Inflation?
Inflation may pose a real threat for countries in Central & Eastern Europe (CEE), specifically for Poland and Hungary, which are...
EBRD Revises Bulgaria Growth Expectations
Bulgaria's real gross domestic product (GDP) is expected to grow by 4.5% this year and by 4.0% in 2022, stronger than...
Will the Czech Republic be “Fit for 55”?
The October elections in the Czech Republic could change the Czech government's approach towards the EU’s climate objectives, which is currently...
First Interest Rate Hike by Hungary’s Central Bank in a Decade
To curb inflation, the Central Bank of Hungary (MNB) on Tuesday raised its base rate by 30 basis points to 0.9%...
EC Approves Slovakia’s Recovery Plan
The European Commission has approved the economic Recovery and Resilience Plan submitted by Slovakia, which was among the first EU member...
Europe’s Highwire Act: Bridge Minimal Wage Conditions Under a Single Regulation
Minimum wages are a make-or-break issue against in-work poverty and an important element of a single labor market. But instead of...
Wages in the Balkans: Where the Highs meet the Lows
Few would call Europe a continent of extremes - yet wage differences are sometimes severe: in South-Eastern-Europe, in countries outside of...
Slovenia: Digital Agenda Top Priority
Poised to take the presidency of the European Council on 1 July, Slovenia will prioritize regulation of the digital agenda in...
Wages Catching up in Visegrád Countries… A Never-Ending Story
Shortly following the monumental changes to their governmental systems and economies, countries in Central & Eastern Europe did see their wages...
World Bank Upgrades Outlook for Romania’s GDP Growth
Romania's economy will grow by 6% this year, fully reversing the 3.9% contraction caused by the COVID-19 pandemic last year, according...
US Sanctions on Bulgarian Nationals/Associated Companies
The United States has imposed sanctions on three Bulgarians and 64 companies linked to them, over their alleged corrupt activities. The...