The outbreak of the pandemic has led to the introduction of unprecedented anti-crisis fiscal and monetary policy measures aimed at supporting economic activity and the stability of the world financial system. Their effectiveness...
The European Commission (EC) is expecting a considerable decline in GDP in the Eurozone and in the European Union (EU). Ursula von der Leyen’s proposal of the new EU has already been described as a new “Marshall Plan”.
The first two cases of patients with COVID-19 in Hungary were revealed on March 4th, 2020. This was the moment when institutional measures were launched in order to stop the spread of the SARS-CoV-2 on the one hand, and, on the...
The European Commission (EC) prepared an economic reconstruction fund. On top of the EUR500bn in grants, the EC have added the EUR250bn in loans. This means that the total value of the fund will reach EUR750bn, which is a...
In contrast to the global financial crisis, the objective of the current rescue measures is to support the enterprise sector. However, in the event of a protracted pandemic emergency the effects of the economic downturn will also...
As the EU member states imposed restrictions to protect their citizens from the COVID-19 virus, many businesses across the continent took a strong economic hit. To help with their struggle, EU temporarily loosened restrictions on...
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...
The Czech government approved the Finance Ministry’s proposal to increase the state deficit to CZK300bn (EUR10.9bn), up from the previously estimated CZK100bn (EUR3.6bn). This is already the worst budgetary performance since...
The Baltic states have gradually started to exit the lockdowns they imposed in March 2020, in response to the coronavirus outbreak. Nonetheless, it is obvious that their economies, severely hit by the crisis, will face a long...
Air carriers are requesting state aid from their national governments in order to be able to ride out the slump and the hunt for bailouts is now starting to pick up pace. IATA predicts airlines losses at USD314bn in 2020.