Economy

t the end of 2025, Czech public debt stood at 44.25 % GDP, whilst as a ratio to GNI it reached 46.37 % and, relative to gross national disposable income (GNDI), as high as 46.63 %. The difference is not large enough to fundamentally alter the assessment of Czech public finances, but it does show that the debt-to-GDP ratio alone may not capture all the relevant characteristics of the economy.

Italy’s economic decline was not caused by a single crisis or one disastrous policy decision. Rather, it has been a gradual deterioration spanning decades. This is the picture that emerges from the data: weaker growth, lower productivity, an ageing population, and mounting problems with public finances.

Poland can become one of the best places to live in the world. But it will not get there through a state that constantly regulates more, owns more, and spends more. There are better recipes for development than those presented at the recent political gathering organized around former Prime Minister Mateusz Morawiecki.

In 2026, Poland’s private sector will spend the equivalent of 229 days generating the resources needed to finance public expenditure, leaving only 136 days for private consumption, investment, and development.

In mid-May, opposition MPs in Slovakia submitted a bill on healthcare fees to parliament. A few days later came a signal from the ministry that it was preparing changes to so-called \"supplementary office hours\" – likely connected to the same issue.

Finding a Slovak politician willing to comment on the new EU budget proposal is like looking for a needle in a haystack. Unfortunately, the topic dominating the news these days is more whether the Commission might halt the money pipeline over resolutions from the European Parliament. Yet, a meeting in Brussels has since taken place that could well decide the budget\'s fate.

Two world-renowned economists, Stiglitz and Piketty, have come out of the closet. They have admitted to the world that they are degrowthers. Writing in The Guardian, they argue that \"economic growth is a doomed strategy.\"

In recent years, Slovakia has been engaged in a debate about being \"stuck in the middle-income trap,\" about having \"exhausted our growth model,\" and about the need to move \"from assembly line to brain gain.\" This debate matters. The trouble is that its vocabulary tempts us into a far too mechanical view of prosperity. Let me explain what I mean.

Bulgaria is about to enter the excessive deficit procedure for the second time in its recent history. At present, all expectations are focused on the government, which must propose a regular budget for 2026 and give a clear signal that it is reversing the trajectory of public finances.

The new government in Bulgaria is proposing a budget with a deficit of 5.7% of GDP, or EUR 7.2 billion. And this is happening in the country with the lowest unemployment in the European Union — the lowest since records began.