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Grand coalitions between rivals are one symptom of the radically changed political landscape of the last decade.
Move aimed at increasing attraction to international investors as part of a plan to upgrade the capital markets from frontier to developed market status.
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
Russia's invasion of Ukraine made Narva a symbol of the new “iron curtain” that had descended upon Europe. Now the Estonian city is trying to better integrate its Russian-speaking majority and reverse years of population decline.
The package includes raising the pension age, hiking corporate and real estate taxes, and most radically, increasing the tax on beer.
Like the original "iron lady" Margaret Thatcher, Kallas has won a reputation for her tough stance against Russia, whilst also seeing her popularity rise during a war.
Retails sales plunge 13.1% when adjusted for calendar year effects, the fourth straight month of decline.
Georgia's decision not to participate in the US-led "Defender 23" military exercises has raised concerns about the weakening of the country's pro-Western foreign policy.
Tax plans include a cut for higher-paid workers, hikes in the overall income tax rate and VAT by two percentage points, and increased excise duties.
There is no end in sight yet to the war in Ukraine, but governments and businesses in Central and Southeast Europe are already eyeing potential contracts when the war finally does cease and rebuilding on a massive scale can start.
Romania’s trade deficit narrowed by 5.3% y/y in January-February amid a combination of lower oil prices, lower imports of natural gas and subdued industrial activity.
Financial intermediation in Romania is the lowest among the 11 EU members in Central and Eastern Europe, finds a survey by eAnalytics.
The Kremlin has released a new foreign policy document that lays out its plans for its post-war relations. The main points are based on a “multipolar world” and that Russia doesn’t see itself as an enemy of the West.
Eurostat report shows Romania experienced four years of industrial decline after COVID-19 pandemic struck, following years of sluggish growth.
Estonia is reportedly the first country to have a fully digital vehicle registration system.
Romania’s GDP per capita soars to 77% of EU average, up from just 57% in 2012.
Women are underrepresented in the growing ICT and green energy sectors.
Reform on 31.9%, with far-right EKRE on 15.8%, putting Prime Minister Kaja Kallas in strong position to build coalition of her choosing.
Russia has managed to largely bypass Western sanctions on technology and semiconductor imports to supply itself with technology to keep its economy working and build sophisticated weapons.