Experts from the European Commission (EC) judge that the economy of the European Union (EU) reached the peak of the business cycle in 2017. In the two subsequent years there will be a slowdown, but not a recession.
The macroeconomic imbalances in the economies of the European Union member states are improving slowly but surely. The survey on imbalances conducted by the European Commission assesses risks of another crisis.
Croatia improves EU funds absorption
Czech unemployment up to 3.1per cent
Bulgaria’s exports up by 1.5 per cent y/y (Jan-Nov’18)
Latvia: unemployment rate at 6.4 per cent by the YE
Labor costs have been rising at the fast rate, but they still are only 12.6 per cent of the operating costs. Poland has large pockets of underpaid labor in the economy, says Piotr Boguszewski, PhD.
5,000 Slovak firms operate from tax havens
Poland: unemployment up in December’18
Ukraine: Kyiv wants to modernize its heat and power complex
Hungary: unemployment down at the end of 2018
Kosovo: unemployment up to 30.7 per cent
Russians fertilizers’ manufacturer invests in Estonia
Slovakia: prices down in October
Analysts: Hungarian central bank to tighten its policy
Ukraine: Naftogaz launches another battle against Gazprom
Bulgaria: Azeri gas to cover 30 per cent of the country’s needs