A massive level of inflation in Hungary created the need to issue the highest-nominated banknote ever.Read More
We know – pockets are getting smaller, and wallets are only becoming heavier. This would be no problem for the world’s tiniest print money – which measured a mere 27.5 x 38 mm. How much could you fit in your pocket?
People living in Three Seas countries are much less prone to taking loans than citizens of Western European countries. This division is so strong that it goes beyond simple economic choices.
Households in our region have to allocate relatively high shares of their budgets to basic needs. Their ability to buy non-essential items is limited. The consumption structure in our area will converge to the western European average in line with closing the income gap.
Flying to Bulgaria is easy, but that is not exactly the case when it comes to flying within the country. But work is underway to add six much-needed small facilities to Bulgaria’s minuscule airport network.
The countryside is the bread and butter of every nation. Undoubtedly, a vast part of Polish cultural heritage originates in Polish villages and fields. It could not be so if it weren’t for the women!
The new railway network will connect all of Poland’s larger cities with a mega-airport near Warsaw as well as connect Poland with neighboring countries.
Households in Central & Eastern Europe are still in the process of building financial wealth. It makes these economies vulnerable to adverse shocks, but it also makes the region an attractive investment destination.
The architecture MasterPrize award is open for entries from architects at every stage of their careers. It is considered the second most important out of the five leading international awards in architecture. This year, Poles were among the winners.
The Czech Republic has recorded a gradual increase in the number of children born in the country - proof that an effective pro-natalist policy can be pursued. It seems that the key is maintaining respect for the value of the family.
While Bulgaria hasn't exactly been the first country to come to mind when one thinks about the most fertile ground for startups, that is all about to change.
Hungarian-American startup SignAll has been intensely working for over a decade to invent the SignAll Lab tool, which translates American Sign Language (ASL) into American English.
The Hungarian startup SEON Technologies, currently based in London, has introduced an app that determines the risk of online internet profiles. The product became very popular among companies and casual users as the world went online during the Covid-19 pandemic.
In the past, people were grateful if there was a qualified doctor in their town or village. These days, it is doctors who are grateful for 5-star reviews.
Generation after generation of Bulgarians was raised with eyes on the prize: Owning a home. With prices in Bulgaria reaching new heights, has the time come to let go of that dream?
Fish farming in Czechia has a tradition dating back to the early Middle Ages. It helped the landlocked country to secure enough fish supply. What started as a food variety necessity became part of national identity and Czech culture.
Beautiful lavender fields are the perfect Instagram photo-op. Just pay attention to the location tag: You’re not in the south of France but in Bulgaria. In fact, lavender is so prevalent in Bulgaria that it has been competing with France for years now for the title of top producer.
Over the last several years, the Three Seas countries have seen astonishing success in exports. In order to continue that success, what is needed now is diversification.
There are many things the Czech Republic is very well known for, one of them being Czech Glass. To be more specific, Bohemian Crystal. The production of Bohemian Crystal, from the Bohemia and Silesia regions, is a rich centuries-old tradition that is still thriving today.
CEE countries lost almost 50 years stuck on the wrong side of the Iron Curtain. Although the Berlin Wall fell more than three decades ago, they still have not managed to make up for the years wasted by communism.
Countries with the right balance between services and manufacturing economies are more resilient to various shocks. This is the lesson from the crises in the last two years, and Central Europe has done its homework.
Innovativeness is a glamourized factor that is supposed to cure all the economic problems of the countries and the world. But do all countries need to be innovative to grow their economies?
Most of the Three Seas countries are not heavily indebted. However, they are importers of capital, which must be taken into account when making economic policy decisions.
It would be an understatement to say that Polish company Creotech Instruments has been moving at light speed since its founding in 2012. The company has grown from startup to space giant in a mere decade, with plans to go public on the Warsaw Stock Exchange this summer.
Central and Eastern European countries observe relatively low rates of unemployment, which are generally lower than in “Old EU” countries. While this might be seen as a success, the reality is not as optimistic as the data suggests.
The RPG game “This War of Mine” about civilian life in under-siege Sarajevo was the first videogame in the world to ever make it into school curriculum.
Central European countries have become hubs for the automotive industry in recent years. Now, we are entering an era of turbulence when traditional business models will be deeply reshuffled, creating challenges and possibilities in the automotive sector.
For many years, post-communist Central Europe could only watch other regions of the world prospering thanks to the rapid development of the digital market. Oh, how times have changed.
A vital part of Romanian-Polish trade depends on the automotive industry. Consequently, the automotive industry's evolution and how the two countries adapt to industry transformation will significantly influence the future trade structure of goods between the two countries.
With two million citizens and a whopping 1.5 thousand kilometers squared, the Silesian Conurbation is a much larger urban area than the Polish capital – Warsaw. It consists of multiple cities that grew to meet each other’s borders.
The beginning of the war in Ukraine overlapped with the annual seasonal increase in gas consumption and the diminishing amount of gas in storage. Could a lack of supply of this valuable natural resource mean an unusually cold winter for millions of Europeans?
A report authored by the International Monetary Fund in late 2020 remains the most detailed account of the size of the infrastructure gap between the western and eastern parts of the EU.
The UK may not be an EU member state anymore, but even so, Albion has interests in the region that seem set to strengthen in connection with the increased focused security issues connected to Ukraine and NATO's eastern flank.
Who would have guessed that the Damask rose, brought from Persia through Syria to Bulgaria back when the country was part of the Ottoman Empire, would one day acquire cult status? It's so essential that Bulgaria is even called the "Land of Roses." And for good reason.
Economic relations between Three Seas countries and Ukraine before the war were strong compared to other EU countries. This provides a solid foundation on which future relations can be strengthened.
At the end of March, Poland announced it would halt imports of Russian oil by the end of 2022, and the European Commission followed suit, proposing a ban on 4 May.
Following Russia’s invasion of Ukraine, countries are scrambling to get their hands on massive vessels that can regasify Liquified Natural Gas into regular gas. These floating LNG terminals will be a big part of the solution when the EU moves away from Russian gas, but will Finland and Estonia be able to put them to good use?
Thanks to significant economic growth in the Three Seas region over the last few decades, housing prices have risen accordingly. In today's housing market, where can you find the best deals, and which cities are the most expensive?
Against a background of consumer inflation already on the rise, the Russian invasion of Ukraine has only added more fuel to the fire, driving inflation sharply higher.
The government in Sofia is taking measures to replace Russian gas ahead of the warming season this winter while also helping Ukraine to survive the Russian’s Army’s onslaught in the Donbas.
The Polish and Czech governments have agreed to restart work on the Stork II gas pipeline, a project of key importance to Czechia’s ambition to rid itself of dependency on Russian gas.
The new GIPL gas pipeline has connected Finland and the Baltic states to the EU’s gas transmission system just as Russia cuts off gas supplies for Poland and Bulgaria.
The Port of Gdańsk, as the leading container terminal on the Baltic Sea, is slowly becoming a key transport hub in the development the 3Seas Initiative (3SI). In fact, the entire Polish coast, with its key transshipment ports. is turning into a so-called Northern Gateway.
The Ionian-Adriatic gas pipeline is entering a crucial planning phase. If everything goes according to plans, Azeri gas will soon start flowing to countries in the Western Balkans and further north.
The construction of the BRUA gas pipeline has received another permit, making it more likely that Europe will be able to increase the diversification of its energy supplies.
For a little over a year, Croatians and others living in Central Europe have had access to natural gas from a new source. Gas shipped in from across the world will help our planet from overheating and provide more supply security.
Ever since European countries experienced a sharp drop in Russian gas supplies through Ukraine to Europe in early 2006, people in Central Eastern Europe have been aware of the need to diversify the imports of natural gas.