Hungary and Poland's crusade has little support and will only damage themselves.
EU leaders said they will consider all options against the Syrian government and Russia for atrocities committed in Aleppo, but met resistance from Italy in the issue of imposing new economic sanctions.
Polish industrial production expanded 3.2% y/y in September, data from statistical office GUS showed on October 19. The reading reveals a considerable slowdown from the 7.5% expansion in August.
A buyout group of Cinven, Permira and Mid Europa Partners won a bidding contest to acquire the Polish online auction site Allegro from South African owner Naspers, in a deal which came above expectations of around $2.2bn.
A combination of factors is creating the conditions for a boom in Central and Eastern European defence procurement. But as Poland’s sudden decision to scrap a $3.5bn helicopter deal shows, the region remains a tricky place to do business.
The most immediate challenge for blockchain is scaling the technology so it can handle increased transaction traffic in the years to come. Bitfury and Lightning Network have taken a big step towards this.
Poland’s ruling party PiS will try again to toughen restrictions on abortion, chairman Jaroslaw Kaczynski said on October 12. That sparked fresh outrage and calls for mass protests similar to those that forced PiS to back down earlier this month.
Polish extended its slow journey towards an escape from deflation in September as the CPI limited its drop to 0.5%. The result supports the widely-held view that deflation is now genuinely weakening.
“Europe is not in crisis. It is a crisis!” thundered former Czech president Vaclav Klaus. Is Central Europe undermining EU solidarity? EU leaders, past and present, met at the Rhodes Forum 2016 to discuss the issues, but came up with few answers.
Rattled by huge street protests, the Polish government rejected on October 5 a proposal to ban practically all abortions. The move suggests the ruling PiS has tried to go too fast in implementing its conservative populist agenda.
RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.
Tens of thousands took to the streets in protest against a bill proposing a near-complete ban on abortion.
The improvement will be welcome, especially in Poland where industrial output has proved weaker than hoped throughout most of the year. The rebound follows early signs of an uplift in the Eurozone and a turnaround in confidence in Germany.
Poland claimed on September 30 that it has successfully secured its interests as the EU agreed to ratify the Paris climate deal. However, Warsaw - which had threatened to block the move - was extremely vague about the concessions it has won.
Warsaw is only likely to win marginal concessions while damaging further its image in Brussels.
Estonia and the Czech Republic top the CEE chart in the Global Competitiveness Index 2016-2017. While Hungary slumped to the bottom of the pile with the largest slide in the region, Poland surged up the table.
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