PM Viktor Orban is expected to announce a broader economic stimulus early this week that could amount to as much as HUF10 trillion.
Jobs lost despite government’s strategy to fight COVID-19 outbreak not being strong enough to substantially stem spread of virus, party leader says.
PM Boyko Borissov says his government will ease social distancing restrictions when the infection rate declines for three consecutive days.
Some auto sales growth seen at the start of March may be the last recorded for quite some time.
Analyst warns, meanwhile, that Turkish banks are more vulnerable in pandemic emergency than they were in 2018 lira crisis.
Ekrem Imamoglu steps up calls for Turkish president Erdogan to announce lockdown. Says he’s anxious “politics” between rival camps are hindering response to pandemic badly needed by metropolis of 16 million.
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.
Donald Trump said on April 2 that Russia and Saudi Arabia would be cutting their output, instead of continuing with a supply war that could result in hundreds of oil companies going out of business. The Kremlin denied his claim.
The Watcom shopping index, which measures foot traffic in Moscow’s largest malls in real time, collapsed at the start of this week, falling by 70.9% year on year after Moscow Mayor Sergey Sobyanin put the Russian capital on strict lockdown.
Donation will help finance project of health ministry’s Mercy and Health Foundation. Central Asian nation aiming to establish 10 new hospitals in battle against coronavirus.
Analyst says he anticipates further 10% decline by end of April.
Hungarian MPs approved legislation to allow the government to extend the state of emergency without a time limit and grant power to the government to rule by decree as long as the state of emergency is in place.
Sector pushed back into contraction in “bitter blow” to recovering firms. Output and new orders slowed sharply. Lira weakness, supply shortages pushing up input prices.
Belarus’ authoritarian President Aleksandr Lukashenko has dismissed the pandemic as a “psychosis” and says the biggest challenge for the nation at the moment is the economic meltdown.
Development bank looks at the resilience of states in the region to falling commodity prices, value chain disruption, declines in tourism and domestic disruption.
It is still too early for the full impact of the double whammy of the oil prices crash and pandemic related stop shock, but Russia’s IHS Markit Russia PMI was already slowing in March before the storm broke
Plainclothes agents in capital of authoritarian state reportedly nabbing people uttering the word “coronavirus”.
Government coffers seen as empty after currency crisis fight. “Fearful of joining the army of unemployed, many workers have had no choice but to brave the virus danger,” says economist.
Unlike coronavirus-stricken countries such as Italy, the pandemic has had little impact on air pollution levels in the Western Balkans.