A significant slowdown in the Polish trade growth in services has been already observed by the end of 2019. The Q4’19 results have been one of the weakest recorded since the end of the global financial crisis The current crisis...
The lockdown restrictions and the state of emergency declared by the Ukrainian government are ravaging the already faltering economy of Ukraine. At the end of March 2020, Ukrainian Prime Minister Denys Shmyhal presented a new...
We should not compare today’s crisis to the previous one, says Paul Tucker, former Deputy Governor of Bank of England. And what central banks are doing is, according to him, not business as usual but they have a reason: a...
Forecasts for the Polish, global and European economies are burdened with a very wide margin of error, Piotr Arak, director of the Polish Economic Institute, said at the European Economic Congress (EEC) in Katowice, which took...
Restrictions in travel, closed restaurants and hotels are the reality in the European tourism sector. However, the height of the holiday season approaches quickly and particularly those regions that are heavily dependent on...
The COVID-19 pandemic has sent a global shockwave. According to EY experts, it meets all the criteria of a “black swan” event. It was impossible to predict and has a huge impact on reality, as confirmed by surveys conducted...
So far, Poland has maintained strong economic growth for several years. Thanks to that, the situation of public finances has also improved. The crisis we will face in the coming months and the need to increase spending to support...
Czech billionaire Daniel Křetínský has been on spending spree in the US and UK, buying a 5 per cent stake in Macy’s and also a 5.3 per cent stake in the UK’s national postal service and courier company, Royal Mail.
The spread of coronavirus translates into lower greenhouse gas emissions. With the end of the pandemic, the situation may quickly return to pre-outbreak levels unless the industrial aid schemes are linked to pro-environmental...
Spain will be the first European country to introduce the Unconditional Basic Income (UBI). Nadia Calvino, the deputy prime minister, said that UBI might become a structural and permanent instrument, not only a temporary way to...