Small "Sun, Sea, and Sand" island destinations to be the worst affected by slowdown in global tourism flows this year, followed by Central and Eastern Europe, rating agency says.
Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.
Decision "sends a loud and clear message to the Western Balkans: your future is in the EU,” said Enlargement Commissioner Oliver Varhelyi.
Restricting social interaction is a vital part of the efforts to delay the spread of the coronavirus pandemic, but in some countries people fear politicians will use the opportunity for their own ends.
There is a new acronym in the economists' lexicon: VUCA. It is short for “Volatile, Uncertain, Complex and Ambiguous” as pundits are struggling to explain a crisis that is coming at us from all sides simultaneously.
Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.