After a number of tax evasion and money laundering schemes have been revealed in recent years, the Parliament of the European Union established a special committee to investigate the EU taxation policies.
In the past 25 years, exports played an almost dominant role in the economic growth of the Central and Southeast Europe (CSE). In this period Poland strengthened its role as an exporter of intermediate goods.
Poland has recently said it won’t join Eurozone any time soon. So, who from the Central and Southeast Europe (CSE) is in, and who will join the Eurozone, when and why?
The year 2019 marks the 20th anniversary of creation of the Eurozone, so this is a good opportunity to look at the benefits and losses that the single currency has brought to the European Union.
The transition towards low-carbon energy in Central and Southeast Europe (CSE) opens up new investment opportunities via innovative, cost-effective technologies.
Russia has recently launched a new power plant to make its Kaliningrad exclave electricity and gas self-reliant, as its EU neighbors unplug their power grids from Russia.
The European Bank of Reconstruction and development (EBRD) has a positive outlook for Latvia in 2019. It expects Latvian growth to be the highest among the Baltic States and forecasts is at 3.5 per cent of GDP.
The Latvian Fiscal Discipline Council pushed the government to decrease the budget deficit in 2019. In the first draft the deficit was 0.7 per cent of GDP, in the final version 0.3 per cent of GDP.
Judging by the real estate prices, the consequences of the financial crisis have almost entirely disappeared. In Poland housing prices are rising again.
The rate of global economic growth is around 4 per cent per year, as a result of which the situation on the labor markets is improving and the profits of enterprises are increasing. The tax revenues are also increasing, often faster than GDP.