News from Central Europe
Minimum wage rises among Eastern European countries
Recently minimum salaries of CEE countries have been growing faster than economic growth statistics would indicate. Minimum wages in selected CEE countries 2014-2017(Euro/month） 2014 2015 2016 2017* Minimum wage rise since 2014 Bulgaria 174 EUR(340BGN) 183 EUR(360BGN) 194 EUR(380BGN) 214...
Regardless of who is going to win the parliamentary elections(in which both main contestants are already celebrating victory) the probable scenario is that things are not really going to change to much. The elections will give the decisive power to one of the main two parties of the Macedonian...
The Chinese starting from December 12th will allow banks to deal directly with Polish,Hungarian,Danish, Swedish and Norwegian currencies. It comes as the latest in the moves to internationalize the Yuan and make financial relations less "West-centered" and more multilateral. This year Chinese...
On Sunday 12.4.2016 Italian voters rejected constitutional reform that was supposed to curb the power and change the structure of the senate. The referendum was also a barometer of approval of the Mateo Renzi, Italian Prime Minister who after learning the results announced his resignation as PM...
Latvian defence spending in 2017 will increase from 1.4 to 1.7% to reach required by NATO 2% in 2018 according to the laws passed by Latvian parliament. This comes after the recent election of Donald Trump as the new US president who claimed to "change the NATO since some member states don't...
Good but probably wrong news for Polish economy
On Friday the rating agency Standard&Poor's put Polish GDP growth predictions at 3% for 2016 and investment growth for the same year at 1%. The government praised the result with Mateusz Morawiecki the deputy PM and Minister of Economy saying that it's a "Good sign for Poland". However, the data...
Fidel castro dies, Cuba might be less interesting from now on.
Today died one of the most recognizable international politicians who was responsible for deposing the US-backed, corrupt Cuban government of Fulgencio Batista in 1959 and who managed to aroused tens of millions of intellectuals (from everywhere) who were disenchanted with Superpower(s) politics...
Polish government and most economist heavily overshot Polish economic forecast with the economic growth in Q3 falling to a two year low of 2.5%. In Polish politics and press it has been attributed to the last year government change and even if possibly it may have impact on the current...
Corporate tax rate for small companies is decreasing in Eastern EU
Corporate profit tax rate is about to be changed in Hungary to the EU lowest rate of 9% from the current 10% starting from 2017 for the companies below the HUF 500 mln(approx. EUR 1.5 mln) profit threshold. The other country with 10% rate is Bulgaria. As an additional move Hungary wants to lower...
Surprising most of analysts and going against the tide, the government of Beata Szydlo lowered the retirement age to 65 years for men and 60 for women and the new law has been adopted by Polish Sejm. It isn't really lowering but rather cancelling the reform from 2012 that increased it to 67...
Poland Central Statistical office reported that the GDP growth in the third quarter of 2016 fell to 2.5% which is the lowest in three years. The GDP growth topped in the last quarter of 2015 that coincided with the cycle of spending EU funds and the elections cycle. The weak results of Polish...
Pro-Russian turn
Moldovan voters made their decision and chose the "Pro-Russian candidate" in Sunday's elections. It is little of a surprise since Moldova used to be governed by the unreformed communist party for nearly a decade until 2009 and the day before Bulgarian voters also chose a Pro-Eastern politician ...
The winner seems to have emerged in Bulgaria's last presidential elections that may change the political landscape of the country. Rumen Radev is a retired general exposing strongly pro-Russian views and who belongs to Bulgaria Socialist Party which is seen as the heir of the Bulgarian Communist...
I'm not sure how believable it is when I look at salaries in Poland. But hey, he said that!
Economy Poland Polish transformation was close to perfection (An interview with Jan Svejnar) August 22, 2016August 22, 2016 admin 0 Comment Nowadays it seems to be quite fashionable in Poland to negate the accomplishments of the Polish economic transformation for the past quarter century. Professor...
Lets see if it will beat the Ukrainian version xD
Recently has been announced the initiative to set up a central European 24/7 news TV channel created jointly by the Visegrad Group countries, namely Poland, Hungary, the Czech Republic and Slovakia.
You better go start packing your suitcase
As it has been reported by the Russian news agency Itar-tass, the population of Siberia is about to increase by 2 million until 2030. It is being reported that the depopulation of the Far East Federal District (Siberia) is slowing down and soon the trend will be reversed. It is supposed to...
Something to think about
It's the 60th anniversary of the Hungarian revolution and many media outlets in Europe posted articles condemning the Hungarian stance on the refugee crisis reminding of 120 th. refugees that fled to neighboring Austria after the Soviet invasion. What isn't mentioned, is the fact that less than...
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