- Category: National Policy Reports
Since shocks cannot be avoided and are likely to occur more frequently in the future, it is crucial to strengthen economic resilience – “the ability of a country to withstand a shock and recover quickly to its potential [growth] after it falls into recession” – on national and regional levels.
- Category: National Policy Reports
The most often raised issue with SMEs in Hungary is that they are lagging behind larger firms and their western rivals in terms of productivity, which is the added value produced by a worker in a given timeframe. The low productivity, in turn, holds the entire Hungarian economy back.
- Category: National Policy Reports
The reviewed data on the share of renewable energy in the total energy consumption mean that Slovakia has reached the 2020 EU target and is even close to reaching the target for 2030. Despite this, some of the renewable energies raise concerns over environmental and health issues.
- Category: National Policy Reports
States implemented unprecedented measures restricting private life in response to the coronavirus pandemic, severely damaging entire economic sectors. In turn, governments introduced novel, high volume social and sectoral aid programs to mitigate the long-term negative effects of the crisis. The size and specifics of economic stimulus packages vary from country to country. Hungary also tried to carve its own path amidst this unprecedented crisis.
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Serbia asks EU to extend IPARD farm fund spending deadline
Agriculture Minister Elena Tanasković has requested the European Commission to extend the spending deadline for the IPARD farm fund to ensure €30 million in grants for Serbian farmers do not remain unused. Extending the deadline by one year would allow...
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EU-backed plans for energy terminals in Western Balkans to bring economic, security risks
EU-backed plans for €3.5 billion in gas-fired power plants, pipelines, and liquefied natural gas terminals in the Western Balkans will introduce economic and security risks to the region and challenge the energy transition, according to research by Global Energy Monitor...
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US Ambassador calls out Hungary’s democratic deficit
Hungary’s ‘lack of democratic values’ justifies US President Joe Biden’s decision not to invite Hungary to the Summit for Democracy, the US Ambassador to Hungary David Pressman said at a closed-door meeting on Wednesday. First conceived by Biden as a...