POLITICS & POLICY
Hungary – IMF: Good performances
The IMF appears to be satisfied with the economic performance of Hungary. According to the Fund, supportive macroeconomic policies and an adequate use of EU funds have made the Hungarian economy solidly grow, and its unemployment rate decrease. Even though financing the state remains a priority, Hungary is nowadays less vulnerable to external shocks. For 2016 a structural fiscal relaxation of about 0.66 percentage points of GDP and a restrained decrease in public debt are foreseen.
Source: Bbj, 17/02/2016
Bulgaria – Economy: Investment plans
Bulgaria’s investment promotion agency wants to present its own version of the Juncker plan, creating a package of measures that will support businesses or private equity funds in the development of concrete projects. The agency aims to offer suitable assistance for entrepreneurs who are interested in Bulgaria. Stamen Yanev, the head of InvestBulgaria, has stated that the agency would be an active player in the implementation of the investment projects.
Source: Novinite, 17/02/2016
“This is a critical moment, (…) It is high time we started listening to each other’s arguments more than to our own. It is natural in negotiations that positions harden, as we get closer to crunch time. But the risk of break-up is real because this process is indeed very fragile. Handle with care. What is broken cannot be mended”.
Donald Tusk, President of the European Council
Source: The Guardian, 15/02/2016
Slovenia’s unemployment rate in December 2015.
Source: Sta, 16/02/2016
The percentage by which Czech economy grew in 2015, its biggest annual performance since 2007.
Source: Ceskenoviny, 16/02/2016
Photo credits CC: Kancelaria Premiera
Also published on Medium.