After the spread of coronavirus caused a sudden drop in demand for oil, major oil countries, led by Saudi Arabia, came up with a plan to prevent further fall in prices. However, those plans were hindered by Russia whose economy has since then took a beating, but the leadership remains optimistic.
Development depends on the economy's saturation with entrepreneurs who are motivated by the desire to creative new things, and not just to make a living for themselves. That is why the expansion of start-ups is so important.
In May 2018, the level of the Leading Economic Indicator, informing of the future trends in the economy, has not changed significantly compared to April. It has increased by 0.3 points, and is 3.4 points below its recent local peak recorded in January.
At a recent meeting of the ECOFIN and representatives of the Republic of Serbia, the guidelines for further economic and social reforms on the path of Serbia to membership in the European Union have been agreed.
The Poland’s ruling party intellectual motor is the every year conference entitled “Poland, the Great Project” and provides an insight into current government thinking, as well as how it is translated into policy.