Poles invest very conservatively and half do not invest at all
Half of Poles who have a financial surplus do not invest this…
Poland has a budget surplus for now but public finances are under pressure
Poland's budget surplus in October 2022 was 27.2 billion złoty (€5.8 billion),…
Inflation still on the rise in Poland reaching 17.9 percent
Inflation in Poland hit 17.9 percent last month, reaching its highest level…
1 in 3 key Polish employees plan to return to Poland from the UK
A third of key workers with Polish nationality plan to return to…
Poland’s central bank forecasts double-digit inflation until 2024
Poland’s central bank (NBP) has forecast that inflation in 2022 will be…
Potato prices jump 73% in Germany, food inflation rises 40% overall
Germans are known for their love of the potato to the point…
Czech central bank predicts average inflation of 15.8%, lowers GDP growth estimate
On Thursday, the Czech National Bank (ČNB) lowered the country's economic growth…
Polish companies dominating in Central and Eastern Europe
Polish firms make up 30 percent of the top 500 companies in…
Poland: Inflation reaches a new high in October
Poland’s annual inflation reached 17.9 percent in October, according to Statistics Poland…
Minister expects Polish economic growth at over 2% for 2023
As a result of the Polish government's help with energy prices, the…
Czech inflation soars to 18%, highest level since 1993
Price growth in the Czech Republic accelerated again after year-over-year inflation reached…
A hostile EU is behind Hungary’s weakening currency
Hungary is currently facing pressure in financial markets and a weakening currency,…
Poland’s GDP growth in 2021 was 0.9% higher than reported
A contraction in the Polish economy in 2020 was slightly smaller than…
Polish złoty hits record low against US dollar and Swiss franc
On Wednesday, the U.S. dollar (USD) and Swiss Franc (CHF) hit an…
Crisis looming as 60% of German households dipping into their savings to stay afloat
German households are increasingly tapped out financially, with more and more of…
Poland’s industrial output growth ‘exceeded expectations’ of economists
Industrial sales in Poland in August increased by 10.9 percent compared to…
Dire threat: Hungary’s EU funding could be cut by €7.5 billion after European Council vote on Nov. 19
Hungary is rushing to address all of the European Union's concerns regarding…
‘Production in Germany is no longer competitive’ – CEO at world’s largest steel manufacturer warns of crisis as plants shut down
The energy in crisis in Germany is turning into a manufacturing crisis,…
Two main pillars of Ukrainian economy in dire straits
While the international press has been reporting daily on combat and military…
Reviving tradition, Warsaw to test Hungarian Ikarus electric bus
In the first half of September, new Hungarian-made fully electric Ikarus buses…
Poland: Inflation hits yet another record, surprising many economists
Prices of consumer goods and services increased by 16.1 percent on a…
Hungary’s price caps are very expensive to maintain and should be scrapped, says economics minister
Hungary's government-mandated price caps are costly to support and were originally meant…
Hungary’s central bank raises base interest rate to 18-year high to fight inflation
On Tuesday, the Hungarian Central Bank (MNB) increased its base rate to…
Italian debt default could be biggest-ever shock to eurozone, hedge funds bet €39 billion against Italy in August alone
Italy, one of the founding countries of the European Union, is facing…
75% of Ukrainians working in Poland regularly support their families in Ukraine
Around three-quarters of Ukrainians working in Poland regularly transfer money to their…
Poland’s property market downturn may slow economy
The construction industry is always a weathervane in any economy, and a…
The Vistula Spit canal construction deals heavy blow to Polish opposition’s ‘impossibilism’
Do not be surprised to see Poland’s opposition politicians increasingly nervous, especially…
Germany’s blocking of EU funds for Poland is against interests of its own entrepreneurs, says Polish professor of economics
“Germans are voting for an early Christmas.” That is how Prof. Zbigniew…
Forecast: Nuclear power in Poland should account for close to 40% of energy mix by 2040s
Nuclear power will be capable of generating 38.4 percent of Poland's electric…
Czechs storm into Poland for cheaper shopping and gas
Czechs frequently come to Poland to save money on a range of…
Mercedes to invest €135 million in Romania despite automotive slowdown
German automaker Mercedes-Benz is preparing a sizeable investment in Transylvania, Romania. The…
Hungary’s OTP Bank posts record Q2 profit despite windfall tax
Despite the war in Ukraine and a one-off windfall tax imposed on…
Hungary seen as best in region for weathering economic crisis
Although it cannot entirely escape the negative effects of the war in…
Hungarian consumer protection agency slaps 300 million forint fine on Ryanair
The Budapest competition office slapped a HUF 300 million (€760,000) fine on…
EU prepares fresh €8 billion aid package to Ukraine
The European Commission is preparing a fresh aid package to Ukraine worth…
Removing Hungary’s smallest-value coin from circulation not worth the effort, says Central Bank
Following a parliamentary request by far-right opposition party Jobbik to retire Hungary's…
The spicy issue of mustard and gas
I am a chronic mustard consumer and I admit without reservation that…
PM Orbán’s 10 points to shield Hungary from global recession
Five days after his annual policy speech in Tusványos, Transylvania, Hungarian Prime…
Poles spent €2 billion from their own pockets in three months to help Ukrainian refugees
More than three-quarters of Polish adults have been involved in supporting and…
German industry begins to stutter as energy crisis hits
A worrying trend is unfolding among German manufacturers as more and more…
Mercedes invests another €1 billion in Hungarian plant
The Hungarian state is supporting the €1 billion investment of Mercedes in…
‘Europe is weakened by its own sanctions,’ says Hungarian finance minister
The European Union is weakening itself with its own sanctions; the question…
Poland’s ruling party leader slams those plotting against PM, insists government approach to tackling inflation is necessary
The leader of the ruling Law and Justice (PiS) party in Poland…
Global minimum tax is reminiscent of communist times, says Hungarian foreign minister
Taking away the competitive advantage of low taxes in a bureaucratic manner…
Hungarian parliament approves 2023 budget aiming for 4.1% economic growth
The Hungarian parliament approved the country's proposed 2023 central budget on Tuesday…
Poles still boycotting Russian goods and companies refusing to leave Russian market
Polish consumers are continuing to boycott Russian goods several months after the…
European Commission significantly ups Hungarian growth forecast to 5.2 percent
Economic growth in Hungary is expected to exceed 5 percent this year,…
Poland’s weakened currency will keep Poles stuck behind Western Europe in terms of pay and living standards
Last year, the average wage in Poland was €1,170 per month, which…
Most Poles drastically changing their vacation plans due to cost-of-living crisis
More than half of Poles, per a recent poll, have altered their…
US dollar at record level against Polish zloty
The euro’s weakness against the U.S. dollar has strongly affected the value…
Hungary hikes interest rate by another 200 basis points
At a meeting that ordinarily does not deal with interest rate modifications,…
Russia posts highest current account surplus since 1994
Despite sanctions that were supposed to cripple Russia's economy, the country has…
Poland under pressure to join eurozone, says central bank’s head
Poland’s head of its central bank (NBP), Adam Glapiński, spoke at a…
Inflationary spiral in Poland fueled by pay and demand
Poland’s level of inflation is higher than in Western Europe as a…
Hungary says US pressures it to accept global minimum tax
The United States is reportedly pressuring Hungary to change its position on…
Hungarian inflation hits 24-year record in June
Annual inflation in Hungary was 11.7 percent in June, a level not…
Inflation to peak soon in Poland, predicts chief economist
The annual rate of inflation in Poland is now 15.6 percent, according…
Eurozone inflation hits new record of 8.6%
The annual inflation rate across the eurozone rose to a new record…
‘The findings are shocking’ – Germans entering poverty at record rate as inflation and COVID destroy prosperity
The proportion of poor people in Germany has reached a new high,…
Hungary hikes interest rates by whopping 185 basis points
In an effort to slow down inflation, the Hungarian Central Bank (MNB)…
Poles expect Ukrainian refugees to find work during stay in country, polling shows
A majority of Poles believe Ukrainian refugees should be fully committed to…
Data shows the Polish consumer is under pressure
Retail sales increased by 8.2 percent in May compared to last year,…
Romania follows Hungary’s lead on fuel price cap after prices more than double
Romania will compensate consumers for the increase in fuel prices for at…
Hungarian Parliament rejects global minimum tax with overwhelming majority
The Hungarian Parliament passed a resolution against the planned European Union directive…
Hungary makes world-first kosher matches with new formula free of pig gelatin
The match factory in the southern Hungarian town of Szeged has created…
Hungarian NGO accuses Ryanair of ‘unfair commercial practices’
Hungary's Protected Society Foundation NGO lodged a complaint with the country's consumer…
Hungary advances three places in global competitiveness ranking
Hungary has advanced three places to 39th in Swiss think tank IMD's…
Hungary could make $600 million a year due to oil import exemption
The combination of Hungary's exemption from the EU's oil import ban from…
Ryanair CEO upset over windfall tax slams ‘idiot’ Hungarian minister
The outspoken CEO of Europe's largest budget airline, Michael O'Leary, has lashed…
‘Poland cannot copy Western solutions to fight inflation,’ says Kaczyński
Poland cannot copy Western solutions for combating inflation, Jarosław Kaczyński said as…
Hungary extends war emergency until November
On Wednesday, the Hungarian parliament voted to extend the state of war…
Hungarian inflation reaches double digits
For the first time in 20 years, Hungarian inflation shot above the…
Czechia experiences biggest decline in living standards in its history
What everyone expected and feared in recent weeks has come to pass,…
Hungary has lowest utility bills in Europe
Hungarian consumers continue to pay the lowest utility prices in Europe, according…
Poland: Inflation breaks records after soaring to 13.9%, economists warn of further increases
In the biggest blow to the Polish economy since February 1998, inflation…
Each time Chancellor Scholz calls the Kremlin, alarm bells should ring across Europe
At the dawn of the Third Polish Republic, Polish intelligence warned about…
Natural gas prices to triple in Romania
Romania's largest energy suppliers will increase the price of natural gas by…
German inflation hits 49-year high and prices are expected to rise further
German inflation hit another high in May, reaching the highest level in…
Poland seeks to attract major investors during World Economic Forum as PM assures attendees of country’s economic stability
Poland will not be hit by recession and its economy will grow…
Entrepreneur Mészáros remains Hungary’s wealthiest with assets valued at €1.22 billion
Hungarian entrepreneur Lőrinc Mészáros has kept his top position among the country's…
Hungary’s windfall tax to mainly target energy companies and banks
MOL, the integrated oil and gas group, will be the largest single…
Hungary slaps windfall tax on corporations to cover costs of war
Hungary will levy a windfall tax on corporations in a range of…
Hungary crowned the marriage capital of Europe
Hungary has the largest proportion of married couples per capita in the…
Are sanctions failing? Russia’s ruble nears 7-year high against euro
Despite widespread sanctions against Russia for its ongoing invasion of Ukraine, the…
Revealed: In the 1990s, Germany worked to fragment Poland’s political scene for economic benefit
Polish intelligence services had information that Germany was actively working to split…
1 in 4 Brits forced to skip a meal as food prices soar
Due to soaring food prices, one in four British nationals are forced…
Opportunist Ukrainians raid Poland’s second-hand car market due to abolition of customs charges
In February of this year, a huge wave of refugees flowed into…
Hungary needs a self-sufficient economy, ministerial candidate tells parliamentary committee
To move forward in the current economic climate, Hungary must develop not…
The pandemic crisis is over for the Polish economy
Only two quarters in the past several years were better for the…
Russians line up for their last McDonald’s meal after franchise announces intention to leave Russia
Many Russians lined up at McDonald's Moscow units for a last meal…
Hungarian GDP jumps 8% in Q1, but leaner times seen ahead
Hungary's GDP rose by 8 percent year-on-year in the first quarter of…
Poland should come before Germany when it comes to rebuilding Ukraine
The scale of destruction of many places in Ukraine brings to mind…
Hungarian tourism shows strong signs of recovery
Hungarian tourism showed huge signs of recovery in the first quarter of…
Adopting the euro currency won’t fix Poland’s economic problems
High inflation, war in Ukraine, currency fluctuations, and increased interest rates are…
Poll: Majority of Poles feel decline in standard of living due to inflation
A new poll shows that 67.7 percent of respondents said they have…
Germany’s tragicomic energy policy: Vital natural gas project could be blocked to protect porpoises
"Environmental protection is a feel-good topic to hide hard-nosed ideology," wrote Marco…
Poland hit record-high foreign direct investment in 2021
Foreign direct investment (FDI) flowing into Poland hit a record high of…
Poland’s interest rates rise once again
Poland’s Monetary Policy Council has agreed to raise interest rates by 0.75…
Ukrainians could greatly aid Polish economy, says Polish PM
Poland will benefit from an influx of Ukrainian workers, said Polish Prime…
‘Poland and Europe are now passing the real test of maturity,’ says PM Morawiecki on the anniversary of Poland’s EU membership
On the 18th anniversary of Poland joining the European Union, Polish Prime…
