Ukrainians abroad work and support their families in war-torn Ukraine, data provided by Gremi Personal employment agency shows
Developers are beginning to limit the supply of new properties on the market in response to a marked slowdown in sales
The nervousness of the Polish opposition is due to the Polish government’s successful investments, writes editor-in-chief of Sieci weekly Jacek Karnowski
Zbigniew Krysiak believes the political situation in Germany is increasingly unstable
The Polish Institute of Economics (PIE) says Poland’s nuclear power program should raise Polish GDP by over 1 percent
The prices of oil, cigarettes, clothing, and even gravestones are especially attractive in Poland due to the government’s VAT reduction policy
The auto company is also seeking €37 million in support from Romania
Hungarian banking giant posts stellar results in the second quarter
Despite its heavy economic ties with Russia, Hungary will weather the war-induced economic crisis better than its regional peers, a recent study suggests
Ryanair will contest the fine in court
The new package will be part non-refundable aid and part loans
Retiring the coin would cost more than keeping it in circulation, Central Bank Governor György Matolcsy explained
A small jar of spicy mustard reflects the essence of our current problems, Magyar Hírlap columnist Dániel Galsai writes
Border defense, family-centric policies, and political stability are key areas of focus for the Hungarian government
In total, Poland is estimated to have spent €5.29 billion on its assistance to neighboring Ukraine
Some 16 percent of companies have already begun to scale back production
The car industry is one of the most important pillars of the Hungarian economy
Europe is heading towards an economic slowdown or even outright recession, according to Mihály Varga
Jarosław Kaczyński said that his party’s government refuses to saddle the population with the full costs of inflation
Péter Szijjártó was speaking at a U.S. conservative advocacy group meeting
The country’s budget deficit is estimated to be 3.5 percent of GDP, while inflation will sit at 5.2 percent
Despite the results of one recent survey, the current economic environment may change this trend
Hungarian economic growth expected to be double that of the eurozone in 2022
The purchasing power in Poland is 68 percent of the EU’s average
According to one survey, 57 percent of Poles have changed their holiday plans as a result of rising prices, with 21 percent actually canceling their trips altogether
The dollar is being strengthened by the U.S. Federal Reserve’s efforts to fight inflation, a buoyant labor market, and the country’s energy self-sufficiency
Hungary’s central bank warns that interest rates will likely be hiked even higher
Russia’s foreign trade surplus is also rising massively due to energy exports
Adam Glapiński says there is enormous pressure from “one of Poland’s neighbors” for Poland to introduce the euro currency, but he will not succumb to it
According to an economist at the Warsaw School of Economics, the level of inflation in a country depends on the structure of the economy and degree of development
Hungary will not give up its tax sovereignty, Finance Minister Mihály Varga vowed
Hungary’s national bank expects further hikes in the cost of living until September
The chief economist of the Polish bank PKO BP forecasts that the rate of inflation should slow down in the near future
Soaring energy prices are the main driver behind inflation
There are “more poor people than we’ve ever had,” said the director of a leading German social welfare association
Hungary’s central bank is taking bold action to stem rising inflation
A survey finds that the majority of Poles demand the new arrivals find work and send their children to Polish schools
Rising prices and higher interest rates dampened consumer spending in May, but the influx of Ukrainian refugees and their added consumption has helped to moderate the slowdown
Opposition parties fear shortages and a black market over the move
A 15 percent global tax would put Hungary at a competitive disadvantage
The big novelty uses vegetable binding agents instead of pig gelatin
After Ryanair’s CEO first called a Hungarian official an “idiot” for Hungary’s windfall tax, there is now a debate about the extra fees Ryanair customers are facing in Hungary
When it comes to IMD’s ranking, Hungary is now ahead of Poland and Slovakia but still trails Czechia
Hungary introduced a windfall tax on high-margin sectors of the economy last month
Michael O’Leary said a government should not be interfering with an airline’s pricing policy
Combating inflation is one of the most important issues for the Polish government, said Deputy Prime Minister Jarosław Kaczyński
The government needs to act quickly to mitigate the effects of an economic crisis mostly brought about by the war in Ukraine
Despite Hungary’s struggles with inflation, data show it is performing slightly better than its regional peers
A very dangerous inflationary motivation is driving Czech spending habits: “Spend what you can now, as it will be more expensive tomorrow”
Natural gas in Amsterdam costs almost 10 times as much as in Budapest
It’s not over yet, warn Polish economists
If Europe is not united in containing Germany, the next catastrophe is just a matter of time, warns Marek Pyza for portal wPolityce.pl
After Romania began to liberalize its energy prices in July 2020, Romanians are getting hit hard with energy inflation
Energy prices are the main factor driving the increases, and a major insurance company is warning prices could still accelerate upwards
“Poland is not threatened by recession,” says Polish PM Morawiecki in Davos
Last year his fortune grew by 60 billion to 480 billion Hungarian forints (€1.22 billion)
The windfall tax will add 800 billion Hungarian forints (€2 billion) to the state’s coffers
Banks, telecommunications, and energy companies are among those to be taxed to help pay for defense costs and utility price caps
Birth rates Children economy European Union Family Hungary Marriage Viktor Orbán Hungary Remix Exclusive Budapest’s strong family policies are linked to rising marriage rates, which has led to 200,000 more children over the last 10 years
The ruble is showing steady signs of recovery despite the crippling effect of economic sanctions imposed on Russia by the West
After the fall of communism, Germany moved fast to buy up Polish media and establish dominant economic relations between the two nations
Twenty percent of British have been forced to take loans to cover living costs
The export of second-hand cars from Poland to Ukraine is fast exceeding supply as deregulation of customs charges sparks free-for-all and long queues on the Polish-Ukrainian border
Hungary is already self-sufficient in food production but must do more to reduce its dependency in other sectors, such as energy
The Polish economy is recovering quickly after two years of Covid-19 restrictions, writes Grzegorz Siemionczyk for the Rzeczpospolita newspaper
Those who take over the restaurants won’t be allowed to use the McDonald’s branding, logo, or menus
The impact of the war was not yet felt in first-quarter data
Jakub Maciejewski, the war correspondent in the Donbas for portal wPolityce.pl, writes that the scale of the destruction of Ukraine is such that Poland, if it is to be a key player in the post-war process, must have a strategy in place to handle the reconstruction process
War in Ukraine has so far not had a significant impact on tourism
The CEO of the Warsaw Stock Exchange, Marek Dietl, warns that joining the eurozone should not be treated as a panacea for temporary shifts in the Polish economy
In March, prices increased in Poland by 12.3 percent year-on-year, which is the highest inflation level since 1997
economy energy security environment European Union gas LNG Robert Habeck Russia Russian aggression War Commentary Germany The latest dispute suggests that finding a solution to replace Russian gas will not be as simple as German newspaper headlines suggest
Foreign direct investment in Poland in 2021 saw an 82 percent increase from the year prior
Despite Poland’s interest rate increases, inflation may only get worse
According to government data, 3.5 million Ukrainians now live in Poland
Poland and nine other European countries, including Hungary, Czech Republic and the Baltic states, joined the EU on May 1, 2004
Polish authorities have signed an agreement with the air traffic controllers union which means that air traffic controllers will remain in work and there will be no closing of the sky over Poland
The historic Hungarian company Tungsram has been running out of Budapest since 1896
A cap on key food items will remain in effect until July 1, PM Orbán announced
The base rate now stands at 5.4 percent
Poland’s prime minister announced a four-point plan of support for people who are finding it difficult to repay their mortgages
Any reconstruction efforts will also have to tackle rampant corruption in the country
Fuel prices alone have risen 35 percent in one year in Poland
Boris Johnson Channel migrants Detention center economy European Union France immigration Migrants Priti Patel Rwanda Illegal Migrants United Kingdom The measure is a plaster on a sinking ship, wrapped in a rhetoric of humanity
Poland may modify its plan to close coal mines by 2049 due to the war in Ukraine and sanctions on Russian coal
“The conflict will make us poorer. Society will have to endure it,” says the opposition leader in the German Bundestag, Friedrich Merz
The World Bank has published its economic forecast for Poland
Defence economy Eduard Heger European Union Missiles NATO Robert Fico Russia S-300 SAM Ukraine War Zuzana Čaputová Commentary Remix Exclusive Slovakia Trending The government of Eduard Heger puts its loyalties towards NATO allies over the security of its own citizens
Economist Marcin Roszkowski, from the Jagiellonian Institute, argues that the 1-percentage point rise in interest rates is still probably insufficient to slow down the rate of inflation
Analysts say that over 250,000 Ukrainian women can expect to get a job in Poland
Bob Chapek Business economy left-wing LGBTQ Trans rights Walt Disney WOKE Wokeness News Politics United States Disney used to make beloved children’s films to entertain and spread joy, but it has transformed into a woke political organization focused on manipulating children
Aldi blames war in Ukraine for the price rises, but inflation was already rising well before the war
While announcing Poland’s cuts, PM Morawiecki called upon the EU to introduce a tax on Russian-imported hydrocarbons
Poland’s top trading partners are in North Africa, but other countries like Nigeria have also increased trade with Poland
Prime Minister Mateusz Morawiecki revealed the tax cuts would apply from July 1 if approved by parliament
Orbán wrote a letter to Commission President Ursula von der Leyen asking for a credit line to help the country assist with humanitarian efforts for Ukrainian refugees
After 12 years of conservative rule, the Hungarian economy has grown faster than most others around Europe
The seizures and sanctions are the latest measures to be imposed by Western countries against the Russian state
First Covid-19, now war in Ukraine is crushing airline companies
