With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
The political crisis comes at a time when unrest is growing at the political chaos and the botched response to the worsening cost of living crisis.
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
The vote comes as public support for the government has collapsed amid political divisions and defections and the perceived failure of the cabinet to get a grip on the worsening cost of living crisis.
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Contrasting stances demonstrate differences within Czechia on how to respond to Budapest's collaboration with Moscow.
News channel's director live streamed Robert Fico's speech to party meeting on public holiday without informing broadcaster's director-general.
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
Prices are important economic signals. High prices – whether for energy foodstuffs, etc., are signals to the world to (a) supply more; (b) substitute; or (c) conserve. But how do you bring inflation down?
New gigafactory to help to meet the growing demand for electric car batteries in Europe.
The European Parliament has approved temporary emergency regulations to accelerate the deployment of renewable energy across the EU, but gas investment is still allowed
Ruling parties are turning state broadcasters into propaganda mouthpieces, spreading disinformation, and using friendly private or state-owned companies to build sycophantic media empires.
Foreign affairs committee chief says “Slovakia is a security hole”.
Constitutional Court ruled that first question asking whether citizens wish the current cabinet to resign is unconstitutional.
Slovak Interior Minister Roman Mikulec has described Czech controls as breaching the Schengen Treaty, adding that Czechia is also breaching Europe’s readmission treaty.