Polish and European inflation caused by geopolitics, says Polish expert
Fuel prices alone have risen 35 percent in one year in Poland
Britain will send Channel migrants to Rwanda
The measure is a plaster on a sinking ship, wrapped in a rhetoric of humanity
Polish coal mine closures may be slowed down, hints deputy PM
Poland may modify its plan to close coal mines by 2049 due to the war in Ukraine and sanctions on Russian coal
Peak of German prosperity is ‘probably over’ — CDU chief Friedrich Merz prepares for economic decline
“The conflict will make us poorer. Society will have to endure it,” says the opposition leader in the German Bundestag, Friedrich Merz
Poland’s economic growth forecast slashed by World Bank as war in Ukraine hits home
The World Bank has published its economic forecast for Poland
Slovakia’s decision to gift S-300 batteries to Ukraine ends in domestic upheaval
The government of Eduard Heger puts its loyalties towards NATO allies over the security of its own citizens
Poland raises interest rate by historic 1-percentage point as inflation bites
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
Report: Every third company in Poland willing to employ Ukrainian refugees
Analysts say that over 250,000 Ukrainian women can expect to get a job in Poland
Disney embraces woke political activism designed to destroy families
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
Germany’s Aldi supermarket hikes some food prices 20% to 50% as inflation surges
Aldi blames war in Ukraine for the price rises, but inflation was already rising well before the war
Poland to end Russian oil, gas and coal imports
While announcing Poland’s cuts, PM Morawiecki called upon the EU to introduce a tax on Russian-imported hydrocarbons
Trade between Poland and Africa grew by 30% in 2021
Poland’s top trading partners are in North Africa, but other countries like Nigeria have also increased trade with Poland
Poland to slash personal income tax to 12% as part of government’s ‘Anti-Putin shield’ proposals
Prime Minister Mateusz Morawiecki revealed the tax cuts would apply from July 1 if approved by parliament
EU approves Orbán’s request for funding
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
‘We’d win the European Championship for tax cuts!’ — Szijjártó hails Hungary’s economic performance despite pandemic
After 12 years of conservative rule, the Hungarian economy has grown faster than most others around Europe
France freezes €22 billion worth of Russian assets; Australia bans aluminum exports
The seizures and sanctions are the latest measures to be imposed by Western countries against the Russian state
Fewer Americans traveling to Europe as war sees tourism numbers plummet
First Covid-19, now war in Ukraine is crushing airline companies
IMF transfers $1.4 billion emergency loan to Ukraine
The funds are expected to help “mitigate the economic impact of the war”
Poles won’t run out of food, food prices will rise sharply due to Ukraine war
The rest of the world will feel the impact of the Russian-Ukrainian war when it comes to food supply more than Poland, the Polish Economic Institute warns
Polish central bank raises interest rates once more in effort to tame inflation
The head of the National Bank of Poland Adam Glapiński assured that the Polish economy has strong foundations and that Poland was not at any economic risk
Russia to nationalize assets of companies leaving country
Companies where over 25 percent of the entity is owned by nationals from “unfriendly states” will be placed under third-party administration
Who says the war in Ukraine has no winners?
Beijing is well positioned to come out stronger via Russian, U.S. and European economic pains
One piece of good news as energy prices explode in European markets
The price of CO2 emission certificates has fallen from €95 to €62 per ton in reaction to the war in Ukraine, thereby putting the EU’s energy transformation to renewables under serious question
Russian money laundered in European capitals fuels Ukraine crisis
Systemic greed and corruption within Western financial institutions are costing lives
Hungary had highest economic growth in the EU in 2021
The country’s GDP grew by 7.1 percent, far outpacing the European Union average of 5.2 percent
New car sales in Europe drop for seventh consecutive month
European manufacturers hope for a rebound this year with 10.5 million new cars estimated to be registered across the continent
Hungary’s price caps help central bank’s inflation fight
The Hungarian Central Bank’s rate increases take time to have an impact on prices
Inflation in Poland hits 22-year high at 9.2%
Poland saw its highest inflation rate in 22 years and a 0.6-percentage point increase compared to an 8.6 percent rate in December 2021
Hungary extends fuel price cap for another three months
Hungary has several central measures in place to keep consumer prices in check
Job creation and high-tech industries are key to economic recovery, says Hungarian central bank chief
If politics and economic policy focus on work and prioritize job retention and job creation, there will be a chance for sustainable recovery, writes György Matolcsy
Polish economy expected to grow at faster rate than EU average over next two years
Poland’s GDP is expected to increase by 5.5 percent in 2022
Hungary pays tax refund to families with young children
The rebate offered by the government to encourage couples to have children amounts to €1.72 billion
Romania debates price cap proposed by socialists
Retailers in Romania oppose the price cap, saying it could lead to shortages
Hungarian exports grew 14% last year, foreign minister praises ‘Hungarian model of crisis management’
Hungary is 95th in the world in terms of population, but its export performance is ranked 34th in the global ranking
Germans flock to Poland to fill up on fuel after Polish tax cuts see German prices undercut by up to a third
Ever since Polish authorities lowered the fuel tax from 23 to 8 percent for half a year, many drivers from Berlin and Brandenburg have started visiting Poland to buy fuel
Romania may copy Hungary’s food price cap as inflation rises
Hungary’s price cap on seven essential food groups came into effect on Feb. 1, but now other countries dealing with the inflation crisis are looking to implement similar measures
Polish economy grew by 5.7 percent in 2021
Statistics Poland (GUS) revealed the main factor which contributed to Poland’s economic growth last year was domestic demand
German-Hungarian bilateral trade transcended political differences to reach record levels last year
The value of German-Hungarian trade exceeded a record €50 billion last year, according to Hungary’s foreign and trade minister
EU talks tough on Russia, but business between East and West is booming
Ukraine’s government has stabbed Hungary in the back, says Hungary’s foreign minister
Covid-19 restrictions cost German economy €350 billion, AfD party calls for end to restrictions
Germany’s conservative AfD party is calling for an end to lockdowns after figures showing the massive cost of the pandemic were released
2 ways Hungary can ensure sustainable economic growth
The Hungarian economy is catching up with Western Europe, but further measures must be taken to make the growth sustainable, Central Bank Governor György Matolcsy writes in daily Magyar Nemzet
Poland became a key intermediary in clothing trade between Asia and Western Europe during the pandemic
Despite domestic clothing production and sales decreasing, Poland’s Asian imports and Western European exports of clothing have been steadily rising over the last few years
The EU’s 2022 roadmap will deepen Europe’s divisions
Brussels will use Covid-19 recovery funds to exert political pressure in the upcoming Hungarian elections
PKN Orlen to sell Lotos assets to Aramco, MOL to complete takeover
Polish President Duda called the transaction “the fulfillment of Three Seas ideals in practice”
World Bank raises Hungary’s economic growth forecast for 2021 and 2022
It expects GDP growth to remain above 4 percent in 2023 as well
Poland introduces anti-inflation shield, lowers VAT for food, fuel and energy
‘The Polish government is taking strong steps to oppose rising inflation in Poland and protect the pockets of Poles,’ said PM Morawiecki while announcing the new measures
Inflation threatens Poland’s GDP growth
The high inflation rate is not only hindering the growth of Poles’ income but also the Polish economy’s development
Polish economy ranked 6th in the world for its handling of the pandemic
Poland’s economy is among the world’s leaders when it came to resisting the pandemic in terms of GDP growth, household income, stock market performance, investment spending and state debt
Four reasons why the Chinese economy could overcome gloomy predictions and see exponential growth in 2022
Estimates on China’s economic growth have been too pessimistic, according to Morgan Stanley analysts
Globalist vs. patriotic economic policies: Hungary and Greece as a case study
Instead of using misleading labels, economic policies should be termed either patriotic or globalist, economics professor Imre Boros writes in daily Magyar Hírlap.
Poland raises interest rates to highest level since 2014
Poland’s Monetary Policy Council has acknowledged the issue of growing inflation and has undertaken measures to counteract it
Hungary ended 2021 as ‘investment grade’ at Big Three ratings agencies
All major balance indicators look good, according to Hungary’s finance minister
Hungarian 2021 retail trade exceeds pre-Covid volume
Online trade grew by 20 to 25 percent last year
Romania may lose billions of euros from EU recovery plan
Only one quarter of this year’s planned goals have been reached
Hungary to fight inflation with mortgage interest rate freeze for 6 months
This is the second measure taken by the government to protect consumers in as many months
Poles set aside spending as household appliance sales drop
Economists warn that yet another drop in sales of household appliances from manufacturers to retail sellers is a sign of consumers turning away from purchasing durable goods
Romanian ex-pats sent home more money than country received in foreign investment in 2020
Last year, Romanians working in other EU countries sent home €3.4 billion
Hungarian economic recovery will be faster than expected: finance ministry
Hungary expects annual economic growth of between 4 to 5 percent in the coming years
Poland’s GDP growth will amount to 5.4% in 2021: report
The Polish economy is exceeding expectations
What are the most and least prosperous EU countries?
Although the Visegrád Four countries of Hungary, Czechia, Poland, and Slovakia find themselves below the EU average when it comes to prosperity, they also achieved some of the highest economic growth among EU member states
Hungary’s inflation mostly due to external factors
Growing domestic demand will help the recovery of the Hungarian economy
Supply bottlenecks and pandemic slow down German growth
A full recovery of the economy is unlikely to happen next year
Hungarian central bank increases interest rate to fight inflation
Hungarian inflation could normalize by 2023
Dutch economist blames inflation on profit-hungry corporations
Instead of blaming working Americans, we should be blaming oligopolies for rising inflation, says a Dutch economist working for a New York-based economic institute
Hungary raises pensions by 5% to compensate for inflation
A combination of economic growth and inflation made the pension rise both necessary and affordable
Hungary becomes magnet for Asian companies, South Korean firm invests €724 million in new plant
Hungary is one of the most successful countries in handling the economic effects of the pandemic, and a key plank of that strategy has been “opening up to the East”
Hungary opposes EU plans to interfere with national taxation
The EU wants to dictate Hungary’s tax policy at the same time that it refuses to release EU recovery funds to the country to help rebuild after the COVID-19 crisis
Hungary’s Central bank head opposes re-nationalization of Budapest Airport
Hungary’s central bank chief lists 4 reasons why the government should not go ahead with the purchase of the Budapest Airport
Blow to Hungary and Poland after top EU lawyer backs rule-of-law sanctions
The European Court of Justice signals its willingness to give the green light to the European Superstate
Poland: Experts warn inflation growth is exceeding forecasts
The growth rate in prices of consumption goods and services in Poland is the highest in more than 20 years
German inflation skyrockets, at 29-year high
The rise in energy prices is one of the main factors fueling inflation in Germany and Europe
Three Balkan states to establish free-trade area
The area will be modeled on the European Union’s Schengen zone
Tax cuts: Polish government introduces ‘anti-inflation shield’
The newly announced anti-inflation shield will introduce a series of tax cuts to soften the effects of rising inflation
Poles are shopping online more than ever
More than 80 percent of Poles have shopped online in the past year, usually purchasing clothes and electronics
Hungarian currency hits all-time low against euro
Hungary’s currency continues to weaken, which could further compound inflation
Central European countries need to raise interest rates to stem inflation
Hungary could raise rates to 3.9 percent and Czechia to 4 percent.
Report: Every fifth Pole works more than 8 hours per day
Poles’ high work aspirations are a factor driving longer working hours
Hungarian budget expansion drove high deficit and inflation, warns central bank chief
The price of Hungary’s fast economic recovery is a runaway budget and worsening inflation, Central Bank Governor György Matolcsy wrote in an article in daily Magyar Nemzet
18 unresolved problems fueling Germany’s illegal migration crisis
18 key arguments summed up against the German asylum system
Hungary: PM Orbán reelected as ruling party leader at Fidesz Congress
Viktor Orbán, prime minister of Hungary, will remain the leader of Hungary’s conservative Fidesz Party as the country gears up for national elections in the spring
Hungary freezes fuel prices for three months
The government is confident that the move will help the economy and contribute to reducing inflation
Hungary’s central bank chief: We must focus on the economy outside of Budapest
Hungary must ditch its outdated, Budapest-centric economic development program, Central Bank Governor György Matolcsy writes in daily Magyar Nemzet.
Poland: Waiting time for new car at least half a year
Interruptions in car component supply chains and the global chip shortage have led to unheard of delays and explosive growth on car prices in Poland
Report: Poland a global leader in post-COVID job market
According to a forecast by the International Labor Organization, Poland will be first in the European Union and second in the world when it comes to the scale of rebuilding its job market during the pandemic
US firm to build small nuclear reactor in Romania
The nuclear plant will be the first of its kind in Europe
PM Orbán: Hungary, Czechia, Poland, and Slovakia must form closer business alliance with South Korea
Cooperation will help restore European competitiveness.
Poland: Interest rates are going up sharply
Poland’s central bank is looking to fight inflation and keep the economy from overheating with the latest interest rate increase
While other countries lost jobs during pandemic, Hungary improved employment rate
While the pandemic led to a global loss of 110 million jobs, Hungary has increased its employment rate
Hungary may freeze automotive fuel prices
Hungary’s fuel tax system already provides some protection against price rises, but further action may be necessary
Shrinking Poland: Newly built apartments are getting smaller at a staggering rate
Over the last 11 years, the average size of new flats in Polish cities has decreased by 9 square meters and this trend will only continue to intensify, states the latest Statistics Poland data
Poland: Billions to be invested into regional development and much-needed infrastructure
Poland’s massive financial plan is designed to make the country more equal, especially the towns and rural areas that have largely been left behind
From “put on the brakes” to “full speed ahead” – commentary
In the wake of last year’s COVID-induced economic slowdown, the Hungarian economy is growing faster than ever, financial journalist Csaba Szajlai writes
The race for the Polish Small Modular Reactor (SMR) market has begun
Poland has a real opportunity to ensure its energy security and reduce its carbon emissions through nuclear energy, writes Piotr Piela
Is the ‘scarcity’ crisis about to get worse?
It will not be easy to quickly solve the semiconductor and energy crises, and the high prices of electronics will stick with us for a while, writes Krzysztof Adam Kowalczyk
Only a fraction of normal rate of tourists has arrived in Prague this year
Prague accounts for 60 percent of tourism in the Czech Republic
‘German so-called economic miracle is a trifle compared to what is being achieved in Poland,’ says Polish Central Bank head
Head of the NBP Adam Glapiński believes that the Polish economy is in excellent condition and that high inflation was not caused by demand but by supply shock
IMF lowers growth outlook for Czech economy to 3.8 percent
The International Monetary Fund in its autumn outlook lowered its estimate from the spring forecast
Report: Most legal immigrants coming from outside the EU chose Poland for work in 2020
Nearly 600,000 residence permits were issued in Poland, which is 26 percent of all applications filed in the EU, states latest Eurostat report for 2020