photo: jeaneeem

As The Budapest Times writes the EU presented Hungary with ultimatum: either the coutry will prove to the EU that it has its budget under control until 22 June or it will lose a big share of development funds for 2013. In order to meet the EU deficit target (below 3% of GDP) further cuts on spending are necessary. They will most probably affect mainly subsidies for transport and medicines. More about financial situation of…

photo: Mr. T in DC

As The Lithuania Tribune writes Lithuanian GDP increased more than expected in the last quarter of 2011. When it comes to investment data the growth reached 10% and growth of the export, even though slowed down, still exceeds growth of import. At the beginning of the year income of the central government exceeded its expenses. Additionally, in January there was growth of over 16% in the retail sector. Newspaper points out “decreasing unemployment, lower inflation…

photo: quinet

On Saturday March 10, 2012 Smer won parliamentary elections in Slovakia receiving 44.41% of votes. The Slovak Spectator publishes today official results, confirmed by the Central Electoral Commission (ÚVK). They are as follows: 1. Smer – 44.41% 2. The Christian Democrats – 8.82% 3. The Ordinary People and Independent Personalities – 8.55% 4. Most-Hid – 6.89% 5. SDKÚ – 6.09% 6. Freedom and Solidarity – 5.88% The Slovak National Party SNS received 4.55% and Hungarian…

photo: veni markovski

On March 9, 2012 Simeon Djankov, Bulgarian Minister of Finance and Deputy Prime Minister announced that Bulgaria will repay its foreign debt using three sources of income. According to Sofia News Agency novinite.com these sources include “privatization of unnecessary State assets, short-term government securities, and mid-term 5 or 7-year Euro bonds in equal shares“. The proposal caused concerns expressed by Martin Dimitrov, member of the right-wing Blue Coalition. More about government’s proposal here.    

photo: gregoriosz

According to The Budapest Times 15th March (national holiday in Hungary commemorating 1848 War of Independence) 2012 will be marked by two demonstrations held in Budapest. One is organized to protest against Viktor Orban’s policy under the title “Let’s wash away the shame”. On the same day supporters of Orban will gather on Kossuth tér for government-sponsored celebrations. On 15th March Budapest will also see a rally of extreme-right Jobbik. More information in The Budapest…

photo: quinet

Parliamentary elections in Slovakia will take place on March 10, 2012. According to the lates surveys presented by The Slovak Spectator seven politial parties have chances of crossing the 5% threshold. Smer is supported by 40% of the surveyed, the Christian Democratic Movememner (KDH) – 12% , (Most-Hid) – 7%, the Slovak Democratic and Christian Union (SDKU) – 6% and Freedom and Solidarity (SaS) – 6% and Ordinary People and Independent Personalities (OL’aNO) and the…

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Slovak think tank INESS, the Institute of Economic and Social Studies, calculated the total potential risk exposure related to Eurozone rescue mechanisms on per capita basis. It is published on the institute”s new project website eurokriza.sk (“eurocrisis”). The Euro Bill summarizes total liabilities, guarantees and risk exposure created by bond purchasing programs, which were created as a part of the Euro debt crisis solution efforts. The total maximal risk exposure of each Slovak citizen is…

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INESS released the Bill for Government Services for 2012. The annual price of the state for Slovakia increased by 2% and reached € 4,382 per citizen. The Bill has been distributed by Slovak major opinion making daily SME in January 2012 in printed form, reaching more than 70 000 readers. The goal of If you get caught driving practice test while your licence is suspended your vehicle may be impounded. the project is to explain…