Economists in Ukraine warn that a “financial pyramid” based on government bonds posing a threat to the economy stands behind the positive macroeconomic indicators. Its adverse effects can already be felt.
The Ukrainian government has decided to nationalize Privatbank - the country’s largest bank, which belonged to the oligarch Ihor Kolomoyskyi.
Czech Finance Minister Andrej Babiš does not favor swapping the crown for the euro yet, telling the daily Hospodarske Noviny: "I am convinced the question of adoption is not whether we will accept it but how to do it well."
Despite the Hungarian Constitutional Court decision that the central bank of Hungary has to disclose information on invested funds not everything was published, and a new legislation is on its way.