Some of the taxes that should be paid in Poland are paid in another country, but the reverse is also true, says Jacek Kocerka, deputy director of the Department of Statistics in Poland’s central bank.
Due to a slowdown in personal consumption and exports growth, as well as stagnation in industrial production, in the Q4’17 Croatia had the lowest GDP growth in the EU.
International trade is experiencing its most vigorous period in the entire history of the world. In more than half of the countries, including Poland, oil and liquid fuels are the largest import item.
Two reports from Nordea Bank and Ergo Insurance have highlighted Latvia in both - economic outlook and individual feeling of security.
Systematic surpluses of exports over imports create space for rising wages in the countries of the Visegrad Group.
In Poland it’s difficult to find a sector developing as fast as the foreign trade. The statistics are highly optimistic, but unfortunately Polish export is still unsteady.
Orbán and his government pursue the announced strategy called “Eastern Opening”. Its goal is to reduce the dependency of Hungarian economy on trade with Western Europe.
The Balkans should complete the existing custom union by establishing the free trade area, where goods and labor could flow without the barriers.
Central European Free Trade Agreement signatory states (Western Balkan and Moldova but without Croatia, which has already joined the EU) are the second, after the European Union, foreign trade partner of Serbia.
2016 was not a kind year to the Ukrainian economy. GDP increased by 1.8 per cent. According to experts it will not be easy for Ukraine to catch up. The external and internal conditions are not conducive to economic growth.