Economy

Economy

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Why the zombie banks aren’t stressed by stress testing, about Austrian Japanese, and about how difficult life the Spanish banks and especially Spanish bankers have. And that Trichet, even though he uses bad economic theories and non- functioning economic models, doesn’t regret anything. When it comes to solving the crisis in Europe, many people use the example of the USA, where central bank during the crisis provided the whole financial sector with guarantees, which apparently…

Economy

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Why not to believe door-to-door sellers, central bankers; which European country is the closest to a default,how Italians save money  on food to sendpayments to the investment bank Morgan Stanley thanks to their clever politicians, and finally about really clean money.By the way, do you have a chicken at home already? Mario Draghi, president of ECB, told the German newspaper Bild that when it comes to the European debt crisis, the worst part is already behind…

Economy, Politics

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The Lithuania Tribune writes that on March 29 president Dalia Grybauskaitė met with Johaness Hahn, EU Commissioner for Regional Policy. The main topics of the meeting included EU financial framework for the period 2014-2020 and the EU Cohesion Policy. Dalia Grybauskaitė expressed Lithuanian dissatisfaction with the proposal concerning rules of EU aid’s distribution. Lithuania puts emphasis on the importance of the interests and member states’ level of development. More information here.  

Economy

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As The Lithuania Tribune writes (quoting SEB’s Eastern Economic Outlook published in March 2012) Estonia’s growth fill fall to 1.5% in 2012 and increase again in 2013 reaching 2.5%. As a result of smaller demand in Sweden and Finland Estonian expansion is limited while high inflation continues. In 2011 Estonian GDP growth reached the level of 7.6% although a slowdon in the last quarter of the year was observed. Budget deficit is expected to reach…

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As The Slovak Spectator writes, the results of the Central European Opinion Research Group’s survey concerning current economic situation in Slovakia, Czech Republic, Poland and Hungary show that majority of citizens view the economic situation of their country negatively. 76% of surveyed Slovaks said that current economic situation in their country is bad, it was viewed positively only by 3%. 62% of Czechs see the economic situation in their country as negative, 7% consider it…

Economy, Society

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As The Warsaw Voice writes on Monday, March 26, there were protests of Solidarity trade union members against governmental plans to increase the retirement age. Several hundreds of protesters gathered in Warsaw, in front of the prime minister’s office. Trade unionists announced that protests would be held throughout whole week, on Wednesday they would move demonstrations to the front of the parliament. Meanwhile talks between two parties of the ruling coalition – Civic Platform (PO)…

Economy

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A survey of the Lithuanian economy conducted by the Lithuanian Free Market Institute (LFMI) shows that eurozone problems do not leave anybody cold. Lithuania failed to join the eurozone in 2007 because it missed the inflation criteria by only 0.06 per cent. At the time, it was considered a big political failure. However, given the present vulnerability of the eurozone, it may look like a windfall success. The national currency, the litas, is pegged to…

Economy, Politics

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About elections which delighted Europe, about some new ideas from the city on the Seine and about a bankruptcy that turned out to be a bankruptcy. A budget hatchet will be buried in Slovakia, and Robert Fico will be in charge of it. At least, this is what the last weekend’s election resulted in. Contrary to the election outcome in the year 2006, this time the results of the party SMER pleased the foreign countries….

Economy

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According to The Lithuania Tribune Lithuanian foreign debt increased in the last quarter of the year 2011 by 1.4% (1.1 bln litas). Total foreign debt consists of both governmental debt and private enterprises’ debts. Throughout whole year 2011 foreign debt of Lithuania increased by 3.1% and reached 85.7 bln litas. Ratio of debt to GDP in 2011 decreased from 87.4% (in 2010) to 80.8%. The biggest part of the foreign debt is constituted by government’s…

Economy

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The Slovak Spectator presents the latest data concerning unemployment rate published by the Statistics Office. The unemployment rate in February 2012 reached13.76%, which means a monthly growth of 0.07%. In a year unemployment rate increased by 0.6%. The increase was observed in 6 out of 8 regions (unemployment rate decreased only in Trenčín and Bratislava regions). More information can be found here.