After a vintage 2019, almost €2bn worth of deals were expected to close in the hotel sectors of six Central and Southeast European countries this year, but these are looking increasingly unlikely to complete, says a report from law firm CMS.
Economic consultancy Capital Economics has slashed its growth forecast for the Central and Eastern Europe (CEE) to a 2% y/y contractions from the previous 2.3% expansion in 2020, as a result of the coronavirus.
Convergence to be reversed as the economic crisis resulting from the coronavirus pandemic is set to be deeper and longer in the CIS, Ukraine, Turkey and the Western Balkans than in the EU member states of Central and Southeast Europe.
There is a new acronym in the economists' lexicon: VUCA. It is short for “Volatile, Uncertain, Complex and Ambiguous” as pundits are struggling to explain a crisis that is coming at us from all sides simultaneously.
Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.
Scandals over illegal waste imports have erupted in the two poorest EU states, Bulgaria and Romania, as two years on from China’s ban on plastic waste imports, developed countries are still struggling to dispose of waste they cannot recycle at home.
The parliament voted to declare a state of emergency, giving the government extraordinary rights to partially limit people’s freedom in an attempt to stop the spread of the virus.
While efforts to limit the spread of coronavirus are seen as necessary, many people fear that the state of emergency could lead to a serious threat to democracy in Bulgaria.
More than 100 years since International Women’s Day was declared a national holiday in post-revolutionary Russia, a new survey from the UNDP reveals gender bias is still widespread across the region.
Lawyers and environmental NGOs say three plants are burning waste at amounts that are 10,000 times above those allowed by the EU.
Sofia reinforced its borders after reports that hundreds of migrants were heading to Turkey's borders with Greece and Bulgaria.