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Turkey is getting a ready for an unprecedented invasion of about 7mn Russian tourists this summer in the wake of Recep Tayyip Erdogan’s re-election as president.
Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.
Czech private investment group estimated to have paid some €750mn for the stake.
Legislative change will make it easier for the state to split the power company up and nationalise nuclear division.
The EU continues work to hash out an 11th sanctions package on Russia in response to its invasion of Ukraine, which will require the approval of all 27 member states to be finalised.
At 11.2%, Romania's April inflation surprised to the downside as both the market consensus and our expectations were 11.5%.
The package includes raising the pension age, hiking corporate and real estate taxes, and most radically, increasing the tax on beer.
Orban's hosting of the Conservative Political Action Conference for the second time in two years demonstrates how his electoral successes have made him a role model among right-wing populists in Europe and the United States.
However, analysts predict stagnation for rest of year, with a strong recovery coming only in 2024.
The EU should leverage the diplomatic aspect of the Community to amplify the pro-European message in its eastern neighbourhood. While keeping Georgia close is crucial, so is integrating Armenia and Azerbaijan.
ING presents its latest views on the Czech economic performance and outlook. Headline inflation seems to be on a descending path but continues to weigh on consumer spending. The economy will grow, but only slowly.
Vratislav Vajnar is on trial for the killing of three people who attempted to cross the country's heavily guarded border in the late 1980s, in one of the very few cases where a top official in the communist regime has faced justice.
Billionaire partners have agreed to acquire French publishing group Editis and have bid to increase their share in French retail chain Casino.
The MNB will leave the base rate unchanged at 13% at its rate-setting meeting but is likely to reduce the upper threshold of the interest rate corridor.
Russia and Germany have de facto broken off diplomatic relations as relations between West and East continue to deteriorate.
Czech think-tank Datlab says authorities need to investigate beneficial ownership more thoroughly and co-ordinate better to track Russian-owned companies still winning public tenders since the invasion of Ukraine.
Earlier this week the IIB admitted it could not meet its obligations to partners but blamed difficulties caused by sanctions rather than a liquidity crisis.
The war in Ukraine is likely to drag on for years but the impact will increasingly be limited to the combatants and countries in Russia’s immediate neighbourhood, Fitch Solutions analysts forecast.
Farmers from Bulgaria, Croatia and Romania are lobbying their governments to suspend imports of grain and other food products from Ukraine.