Tag: economy

Blow to Hungary and Poland after top EU lawyer backs rule-of-law sanctions

The European Court of Justice signaled yesterday that it is willing to…

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Poland: Experts warn inflation growth is exceeding forecasts

Statistics Poland (GUS) has released a flash forecast report, according to which…

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German inflation skyrockets, at 29-year high

Inflation in Germany rose further in November to a 29-year high of…

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Three Balkan states to establish free-trade area

The relevant ministries of Serbia, Albania, and North Macedonia are working on…

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Tax cuts: Polish government introduces ‘anti-inflation shield’

Prime Minister Mateusz Morawiecki announced the main features of a new economic…

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Poles are shopping online more than ever

In the "Poles going e-shopping 2021" report, Santander Consumer Bank pointed out…

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Hungarian currency hits all-time low against euro

The exchange rate of the forint reached a low point against the…

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Central European countries need to raise interest rates to stem inflation

Central bank interest rate hikes in Central European economies, including Hungary, are…

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Report: Every fifth Pole works more than 8 hours per day

In a new survey, Polish workers answered questions relating to how much…

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Hungarian budget expansion drove high deficit and inflation, warns central bank chief

Hungary's impressive economic recovery from the shock of the coronavirus pandemic came…

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18 unresolved problems fueling Germany’s illegal migration crisis

In an article for the German conservative daily Tichys Einblick, Professor Max…

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Hungary: PM Orbán reelected as ruling party leader at Fidesz Congress

"It's not the bread that is small, it's your mouth that is…

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Hungary freezes fuel prices for three months

To prevent further increases, the Hungarian government announced it will freeze petrol…

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Hungary’s central bank chief: We must focus on the economy outside of Budapest

Although politics, government and even the business sector are by now aware…

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Poland: Waiting time for new car at least half a year

The average waiting time for a new car in Poland is currently…

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Report: Poland a global leader in post-COVID job market

Polish Economic Institute (PIE) Deputy Director Andrzej Kubisiak emphasized that, according to…

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US firm to build small nuclear reactor in Romania

Romania will build its first small modular nuclear reactors with U.S. technology…

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PM Orbán: Hungary, Czechia, Poland, and Slovakia must form closer business alliance with South Korea

Closer cooperation between the countries of the Visegrád Four and South Korea…

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Poland: Interest rates are going up sharply

On Wednesday, the Polish Monetary Policy Council (RPP), a body of Poland's…

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While other countries lost jobs during pandemic, Hungary improved employment rate

Macroeconomic data is providing evidence that the Hungarian government's crisis management strategy…

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Hungary may freeze automotive fuel prices

Faced with the continuing rapid increase in fuel prices, Hungary may be…

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Shrinking Poland: Newly built apartments are getting smaller at a staggering rate

According to an analysis prepared by HRE Investments based on Statistics Poland…

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Poland: Billions to be invested into regional development and much-needed infrastructure

Poland is going all in on a massive social-economic project to supercharge…

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From “put on the brakes” to “full speed ahead” – commentary

Hungary's economic forecast for this year's growth has improved to 7.6 percent,…

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The race for the Polish Small Modular Reactor (SMR) market has begun

The Small Modular Reactor (SMR) nuclear technology is nothing new, but its…

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Is the ‘scarcity’ crisis about to get worse?

One of my colleagues recently complained to me that, while others are…

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Only a fraction of normal rate of tourists has arrived in Prague this year

According to the Czech Tourism Union (ČUCR), tourism in Prague faces financial…

Lucie Ctverakova Lucie Ctverakova

IMF lowers growth outlook for Czech economy to 3.8 percent

The Czech economy will grow by 3.8 percent this year and speed…

Karolina Klaskova Karolina Klaskova

Report: Most legal immigrants coming from outside the EU chose Poland for work in 2020

According to the most recent Eurostat report, the number of applications for…

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Poland being considered as a location for new home appliance factories by international companies

In the case of Samsung, the matter concerns the expanded production of…

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Hungarian microbrewery wins two golds in Asia

Hungarian microbrewery Horizon Brewing won two gold medals at this year's prestigious…

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Hungarian economy gets double endorsement

Unexpectedly, Hungarian economic policy received significant recognition from two places. First, the…

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Inflation in Poland may rise to 7% by end of 2021: economists

On Friday, Statistics Poland released a quick estimation of the inflation rate…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish GDP growth forecast increased for 2021

Credit rating agency S&P Global Ratings has revised its forecast for GDP…

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Poland steadily catches up to wealthiest European economies: report

Statistics Poland (GUS) has published a special report entitled “Poland on the…

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Central Europe could become the ‘factory of Europe’: report

Poland could benefit much from a possible relocation of production from Asia…

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The EU could cut funding to Hungary, but the country has some options

If the European Union makes it difficult for Hungary to access EU…

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Poland is fighting for €80 billion Intel investment

Prime Minister Mateusz Morawiecki met with Intel CEO Pat Gelsinger on Sept.…

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Chinese battery maker builds €185 million plant in Hungary

The Chinese company Semcorp is investing more than 65 billion forints (€185…

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Croatia to introduce euro by 2023, but risks abound

Despite questionable success in other southern European countries following the introduction of…

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The Merkel era ends but problems persist

Putting aside politics, let us examine the state of affairs of Germany…

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Hungarian central bank head’s golden rule: The solution always comes from within

President of the Hungarian National Bank (HNB) György Matolcsy has released his…

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The EU is not prepared for open, democratic debates, says Hungarian foreign minister

There is no opportunity for real, mutually respectful, democratic debates in the…

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Hungarian economy: Central Bank and finance minister at odds on budget spending

While the opposition press presents the — otherwise quite real — debate…

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Only 1 in 5 Poles investing their savings: report

Only one in five Poles actually invest their savings, according to survey…

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European countries look at Hungary as a role model, says Justice Minister Varga

Although part of the international media and some politicians like to portray…

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Hungarian investments at historic high

In the second quarter of 2021, Hungary saw investments of 2,760 billion…

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Czech economy surges by 8.2%

According to a revised estimate by the Czech Statistical Office (ČSÚ), the…

Lucie Ctverakova Lucie Ctverakova

Hungary approaches full employment

The number of job seekers in Hungary is dropping month by month…

Dénes Albert Dénes Albert

Orbán: Booming Hungarian economy means bigger pension bonus this year

The "booming economy" will allow the central budget to pay out pension…

Dénes Albert Dénes Albert

Hungary posts highest-ever Q2 GDP growth

The Hungarian GDP grew by an all-time record of 17.9 percent in…

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Competitiveness is key to crisis management, Hungarian Central Bank head says

Hungary should set up an institution in charge of competitiveness, Central Bank…

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Home office on the beach? Here is why the dream remains elusive

Due to the protracted epidemic, most companies closed their offices and employees…

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Polish GDP shows highest growth in history

Poland's GDP growth is breaking the country's previous records, with strong economic…

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Poland is the EU’s fourth-largest bicycle producer

Eurostat estimates that in 2020 around 12.2 million bicycles were produced in…

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Hungary must pursue its own crisis management – commentary

From 2010 onwards, Hungary has been one of the states that has…

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Hungarian industrial output skyrocketed in June

The volume of industrial production increased by 22.0 percent year-over-year in June,…

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New tenders opened for sections of Polish Via Carpatia

The General Directorate for National Roads and Highways announced tenders for design…

Grzegorz Adamczyk Grzegorz Adamczyk

Budapest stock index reaches 50,000-point milestone

The milestone level represents a fifty-fold increase over the three decades since…

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New home constructions in Hungary pick up after rock-bottom 2020

After last year's low, the domestic new housing market has found its…

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Hungarian household financial solvency returns to pre-pandemic level

As of the end of the second quarter this year, the solvency…

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Fitch Ratings reaffirms Hungary’s stable outlook

According to a statement from the ministry of finance, Fitch "explicitly praised…

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Polish PM Morawiecki: The Polish Deal is a victory for Poles

At a rally in Stary Sącz, Southern Poland, Prime Minister Mateusz Morawiecki…

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Growth of Czech debt is the second-fastest in the EU

The Czech Republic's government debt relative to gross domestic product (GDP) rose…

Karolina Klaskova Karolina Klaskova

Polish Port of Gdańsk will possess one of Europe’s largest container terminals

The Port of Gdańsk management has just chosen an operator which will…

Grzegorz Adamczyk Grzegorz Adamczyk

Polish art market is breaking records despite global drop in art turnover

According to the latest report by international art fair organizer Art Basel,…

Grzegorz Adamczyk Grzegorz Adamczyk

Six reasons why the Central European recovery will be fast

Speaking at a regional conference, Varga said that the first reason for…

Dénes Albert Dénes Albert

Poland is the EU’s biggest raspberry producer

The world’s largest raspberry producers are Russia, Mexico, Serbia, and the United…

Grzegorz Adamczyk Grzegorz Adamczyk

Brussels won’t be able to derail this Hungarian economy

Despite a robust six percent growth predicted for Hungary in 2021, Brussels…

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Two years of robust growth ahead for Polish economy

“Punished for claiming the world is round"

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European Commission raises 2021 Hungarian GDP forecast to 6.3%

Lithuanian PM accuses Belarus of aiding illegal migration

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Hungary increases gold reserves to 94.5 tons

Gender theory cannot rule our lives

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Hungary could become a net lender in three years

Debate over monetary payment continues

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Poland will lead economic recovery in the region: report

Austrian anti-migrant sentiment swells after weekend murder of 13-year-old girl

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IMF raises Hungary’s 2021 GDP growth forecast to 6.2%

In parallel, Christians also take to streets

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Poland is a magnet for investors

The Romanian Constitutional Tribunal ruled that the top EU court is operating…

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European Commission launches probe against Google

Green chancellor candidate claims Germans should buy Tesla if they can't afford…

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Fighting inflation: Hungary’s central bank hikes base rate for first time in 10 years

Why is Germany refusing to deport Syrian migrants determined to be a…

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Czechia aims to be a land of ideas, says PM Babiš

Three people were injured

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Hungarian central bank head criticizes 2022 budget

Europeans' focus comfort is behind the critical way in which U.S. views…

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Kaczyński: Poland is preparing for ‘civilizational leap’ with billions of euros in funding

First results disappoint National Rally amid record-low turnout

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Rebooting the economy is the key element of Hungary’s 2022 budget

Cross-border interconnection benefits all states

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Biden and G7 go against the global trend with corporate tax hike plan – commentary

Hungary also ranks second among the Visegrád nations

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Hungary jumps five places in global competitiveness list

Hungarian PM defends anti-pedophile law

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Poland: Warsaw and Łódz will become one metropolitan area with new rail link

The LGBT movement is a form of neo-colonialism and imperialism in the…

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Star economist says era of neoliberal economics is over

What can Hungary expect from today's Biden-Putin meeting?

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Hungary targets 5.2% GDP growth for next year

The Hungarian law comes during "Pride Month" and on the heels of…

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PM Orbán announces income tax refund for families with children

Polish Minister Michal Wójcik believes in the agreement

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Data on Polish economy is absolutely shocking, says Polish economist

Leaders around the world welcome decision

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Hungary’s left-wing opposition would put a huge hole in the country’s budget

Hungary's economic recovery is one year ahead of the rest of Europe

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Hungarian economy to take off this year: opinion

Frontex border agency also failed to provide impact analysis of its actions

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Polish government to introduce 10 ‘Polish Deal’ projects within 100 days

Modern conservatives must be revolutionaries

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Hungary Q1 GDP shows decline but exceeds expectations

Employment rate of migrants is 11 percentage points lower

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Growing German-Polish economic ties don’t equal improving relations

Poland continues its push to expand NATO membership to countries like Georgia

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