The EU Council of Ministers has agreed to an effective ban on the sale of petrol and diesel cars from 2035, overcoming last minute opposition from a group of five countries.
Slovakia – already the world's largest car manufacturer per capita – wins a fifth big car plant.
The need for modern infantry fighting vehicles has become even more pressing since Russia's invasion of Ukraine.
The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.
Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.
Italy, Portugal, Slovakia, Bulgaria and Romania are seeking to push back by five years EU proposals to slap a ban on selling new petrol and diesel cars from 2035.
Unemployment went down by 0.19 percentage points to 6.35% in May.
The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.
The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.
Slovak inflation hit 12.6% in May, up for the sixteenth consecutive month. Monthly growth of consumer prices was 1.6% in May.
Month-on-month, after seasonal adjustments, industrial output fell by 1.2%.
The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets
In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.
But close to half of Globsec Trends 2022 poll respondents in Hungary, Bulgaria and Slovakia do not place primary responsibility on Russia for the war in Ukraine.
Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.
Unemployment down from 6.67% in March to 6.54% in April.
Inflation hits 11.8%, up from the 10.4% recorded in March.
Among the sectors, energy (down 29.7% y/y), car manufacturing (down 13.9% y/y) and petroleum-based manufacturing (down 25.6% y/y) fared worst.
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
The vote is a huge blow to the ruling centre-right government and will greatly increase tensions within the fractious four-party coalition.