Central Europe / News
Tusk unveils cabinet shake-up to regain footing after presidential election setback
Polish Prime Minister Donald Tusk announced a government reshuffle on July 23 in a bid to regain political momentum following the opposition’s victory in the presidential election in June.
Hungarian policymakers concede 2.4% growth target out of reach
Hungarian policymakers have conceded that the economy stagnated in Q2 and that full-year growth, even in the base case scenario, could only reach 1%, in line with market consensus.
Hungarian central bank holds rate steady at 6.5%
The Hungarian National Bank kept its key interest rates unchanged at 6.5% on July 22, maintaining a tight monetary policy stance amid persistent inflation risks and heightened global uncertainties.
Serbia and Hungary advance plans for joint oil pipeline by 2027
Planned 128-kilometre pipeline will link Serbia to the Druzhba pipeline network via Hungary.
EU approves eighteenth sanctions package after Slovakia drops veto
The EU has approved the eighteenth sanctions package after Slovak Prime Minister Robert Fico agreed to drop his veto, saying that he had run out of negotiating options on July 18.