The Balkans were once rightly called the "soft underbelly of Europe" now are being explored by capital from China.
The European Commission (EC) expects Hungaryʼs GDP to grow 2.5 per cent in 2016 and 2.8 per cent in 2017, an increase on both figures from the winter projection.
The countries of Central and Southeast Europe have stopped narrowing the gap even with sluggish Western Europe as a result of slower productivity growth and lower capital accumulation in the Western Europe.
Some of the fastest growing CEE economies have also seen large fluctuations in GDP growth with adverse consequences on unemployment and migration
Low growth and low inflation will continue in the eurozone for long, says Zsolt Darvas, Senior Fellow at Bruegel, Brussel. Some countries may have difficulties in refinancing their budget deficits.
The structure of Poland’s economic growth could be an object of envy of Western European countries. GDP growth will be driven by rising consumer spending and growing investment expenditures in the domestic private sector.
Lithuania, Latvia and Estonia suffered heavily in the global economic crisis. However, they have been able to deal with their problems, and the sanctions imposed against Russia have not affected their economies too much – this...
One may have the impression that few months before the elections, Angela Merkel's government has no serious worries, especially in the light of 2012 economic indicators, published on 15 January by the German statistical office....
The Government has submitted a draft 2013 budget to the Sejm. With the economic growth planned for 2.2%, revenue is to increase by 2.4% in nominal terms and expenditure by 1.9%, excluding the European funds. Analysis of the...