Central Europe Output of Hungary’s automotive industry, an engine of industrial growth under normal circumstances, fell 80 per cent year-on-year in April because of shutdowns to contain the spread of the novel coronavirus, a detailed reading of data...
Tag - European Central Bank
Not one of the seven countries legally committed to adopting the euro (Bulgaria, Czechia, Croatia, Hungary, Poland, Romania and Sweden) currently meet all the...
Montenegro declares itself Covid-19 free, as emerging Europe reaps rewards of strict lockdown policy
On the evening of May 24, Montenegro became the second country in Europe to officially report they it is free of active Covid-19 cases. Montenegro has now joined the...
Last Thursday, European Commission President Ursula von der Leyen offered a “heartfelt” apology to Italy and announced an action plan worth three trillion euros – which...
On April 10, the euro group agreed on a 500 billion euros rescue package that made the Bulgarian government regret that it had decided to delay its plans to join the...
A handful of countries began slowly lifting coronavirus restrictions this week, led, in emerging Europe, by Czechia and Poland. The relaxation of lockdown rules, which...
Jean Monnet, one of the founding fathers of ever closer union in Europe, held the mantra that crises are opportunities. The coronavirus pandemic certainly falls into the...
Bulgarian Kristalina Georgieva has been confirmed as the new managing director of the International Monetary Fund (IMF). Her five-year term in the post will begin on...
Financial markets had for a long time prepared themselves for an initial interest rate hike by the European Central Bank (ECB) in 2019, but developments in the first...
The European Central Bank (ECB) will test five Croatian banks, Zagrebačka Banka, Privredna Banka Zagreb, Erste & Steiermärkische Bank, OTP Banka Hrvatska and...
After three days of intense talks, there’s a touch of female know-how at the European institutions. Late on July 2, EU leaders agreed on German defence minister...
Croatia has sent a letter of intent to Brussels expressing its readiness to join the eurozone. “I think that our arguments and key areas in which we will undertake...
