Crisis
The financial crisis is taking its toll on the country, and the Prime Minister wants EU mission to end....
The government will revise Euro adoption plans in light of worsening economic outlook, and it has revised the budget deficit plan, increasing it to PLN 27 billion....
Romania’s economic outlook remains bleak in 2009. Published reports expect a 7% GDP drop. The coming presidential election campaign casts doubt on the implementation of all the necessary steps....
With the passage of the tax bill, the chances of early elections in Hungary have diminished. Having implemented almost all components of a short-term crisis management program, it is now in a vacuum....
Unsolved name issue might cause turbulence within the government,ethnic Albanian Democratic Union for Integration (DUI) might leave the government before the end of the year....
The revision of budget projections for 2009 is an important step to guarantee the stability of the public finances and the confidence of foreign investors, however steeper cuts will be needed....
In Romania, the parties of the big coalition dominate the political field with an almost equal, head-to-head result. Meanwhile, the slump in the Romanian economy is deeper than expected....
For the second time in succession, Slovakia recorded the lowest voter turnout among all EU countries in the European Parliament elections: 19,6%. Meanwhile, economic forecasts turned for the worse....
The results of the European Elections in Bulgaria showed that the governing parties still hold majority of the votes, but not enough for a majority after the July elections. FDI saw a 50% decline YoY....
Major conflicts are ahead, and the government's fate hinges on the tax bill vote in Parliament. ...
The government's popularity dipped due to austerity measures required by the IMF stand-by agreement. Also, conflicts arose between the coalition parties due plans to cut the number of ministries....
The governing parties are behind the opposition in the polls before the EP elections. The coalition is expected to pick up 4, the Slovenian Democratic Party (SDS) 2 seats and New Slovenia (NSi)1 seat....
GDP in Bulgaria fell by 3.5% year-on-year in the first quarter of 2009. Unemployment likely to become a rising economic as well as social problem, especially in the manufacturing industry....
The interim government’s inauguration provisionally ended the political crisis, but the debate concerning the Treaty of Lisbon is still going on....
The Polish authorities remain committed to the 2009 state budget, primarily by cutting expenditure at the state level, but lacking the will to act firmly, a higher budget deficit is expected....
FDI saw a 13.9% drop in the first trimester of 2009 in Romania. As previously expected, after the first quarter the country’s economy took a steep downward direction....
The recession has hit Slovakia more seriously than expected, possibly affecting governing party Smer, so the European elections will serve as a test....
The competent EU bodies (COREPER, GAERC) paved the way for the Montenegrin membership application, and a comprehensive questionnaire will soon be sent to the Montenegrin authorities....
MSZP suffered a staggering defeat in the mayoral elections of Pécs, and that can be seen as an indicator to the EP elections....
The flight of capital from real estate funds is expected to persist and accelerate. Banks’ eminent interest is to prevent the meltdown of the mortgage market....