Russia’s refusal to extend its USD multi-billion energy subsidies to Belarus since the start of this year, as well as its reluctance to retain the previous level of credit support to its neighbor, will likely put Minsk’s state finances under serious pressure in the mid- and long-term...
Last August, a report by the Warsaw School of Economics (SGH) argued that if Poland maintains the economic growth rate it enjoyed in 1990-2018, it will catch up with Germany in 21 years' time. Poland’s fast, stable growth rate has enabled it to close some of the gap between itself and Western...
The growth rate of the European economies slowed down in 2019, but mechanisms adopted by the European Union after the recent financial crisis do not indicate a build-up of macroeconomic imbalances. The situation in 13 EU member states requires an in-depth review. Poland is not among them.
“We still know too little about the scale of income and wealth inequality in Poland. Not enough Polish academics are interested in or research the subject,” argues Michał Brzeziński, PhD, an economist from the Warsaw University.
Beijing-based Global Times and some Western media have called the coronavirus a "black swan" — a completely unexpected phenomenon that will cause great damage to the Chinese and world economy. If the epidemic spread around the world, it could cause not only great human casualties.
The Ukrainian government has presented a strategy of economic development for the next five years, which assumes rapid GDP growth. However, if this plan is successfully implemented, then a significant part of state revenues will go to foreign creditors, as a kind of “penalty for development”.
By the end of December 2019, Serbian President Aleksandar Vučić and Prime Minister Ana Brnabić presented the Serbia 2025 program, which contains a plan of investment projects for the development of the country over the next five years.
In December 2019, Slovakia posted lowest GDP growth increase since 2013. The central European country has been affected by decreasing foreign demand. With the global slowdown of the automotive sector, experts warn of overreliance on car-production in Slovakia.
Despite the EC’s support for alternative means of transport, road transport has been increasing its share in the total structure of transport, says PwC in a report “Transport of the Future. Prospects for the development of road transport in Poland in 2020-2030”. In 2016, road transport’s...
Financial analyst James Stack predicted a collapse in the real estate market in 2008 and announced a slowdown in real estate last year. If there is a recession, there is a significant risk to property prices, said Stack in an interview with Bloomberg.