Global FDI flows may decrease by up to 40 per cent in 2020 as a result of the pandemic. The entrepreneurs must first count the losses, assess the future demand, and above all, accumulate profits which ultimately finance most of...
The pandemic crisis is an opportunity to rethink the role of the state in the economy. Professor Rainer Kattel, an economist from University College in London, argues that administration can foster innovation and that the state...
The global financial crisis originated in the banking system, first in the US, and then in Europe. The 2009 recession was the consequence of the banks’ freeze on lending and the resulting uncertainty. Today, the situation is...
The lockdown measures have hurt both the Polish and the Ukrainian economy, but the strength of the impact is not the same. The long-term effects in the two countries will also be different. Unemployment may turn out to be the...
Banking-as-a-service (BaaS) is a process in which banks provide access to the back-office to third parties. This enables the latter to offer financial services without the need of obtaining banking licenses and possessing the...
The difference in the consumption level in Poland and the EU average is narrowing. Polish incomes are lagging behind other EU member states, but the prices are also much lower. However, Romania is catching up with the more...
The central banks of the world’s major economies responded relatively quickly to the economic and financial threats caused by the pandemic by using several measures. The goal was to ensure the availability of preferential loan...
As the political crisis in Belarus increases, banks find themselves under severe pressure. With an ever growing number of people withdrawing money, the National Bank of Belarus has no choice but to sell its reserves on financial...
It's hard to believe that at the beginning of this year Germany was wondering what to do with its budget surplus. The “black zero” policy, which basically boils down to maintaining balanced budgets, was still popular.
The coronavirus pandemic may have shown various weaknesses of the pharmaceutical industry, but it has potentially created an opportunity for the sector to cure itself. The pandemic could solve the problems of patents and...