With a delay of almost a year, the Basel Committee on Banking Supervision (BCBS) finally issued the last part of regulations aimed at completing the reform of prudential rules initiated after the outbreak of the global crisis.
Danube is one of the great European rivers, navigable from Kelheim to the Danube Delta in length of 2415 kilometers. The channel Main-Danube makes a river connection between North Sea, using Rhine and Main, and the Black Sea.
The European Bank for Reconstruction and Development believes that economies should search for a new model of growth that goes beyond the imitation and import of technologies. EBRD indicates three areas where new sources of growth should be sought.
The European Banking Authority has announced the launch of stress tests of the banking sector in the European Union. The exercise will involve 48 banks, including PKO BP and Pekao SA from Poland.
Due to a slowdown in personal consumption and exports growth, as well as stagnation in industrial production, in the Q4’17 Croatia had the lowest GDP growth in the EU.
The percentage of employees without the certainty of continued employment, because their contracts are concluded for a period of no more than three months, turns out to be resistant to positive changes in the economic situation.
Smart specialization is a policy introduced after the global financial crisis, and often called as the “New industrial policy”. It’s a key part of Europe 2020 strategy, with an aim to make European Union economy more competitive globally.
MREL is a key instrument enabling the liquidation of banks without threatening the stability of the financial system, are now close to conclusion. The work on regulations is now close to the end.
Consumers in Poland pay 29 per cent less for natural gas and electricity than the average in the European Union. These differences, however, are decreasing.
The Fitch rating agency has raised Croatia’s rating from BB to BB+ with stable prospects, thanks to stable economic growth, strong tourist season and improved public finances.