Finance
Hungary’s draft budget for 2011 aims to keep the deficit at less than 3% of GDP, meeting the Maastricht criteria for euro adoption for the first time since 1995....
While currently it appears to be a success story from an economic and political point alike, the introduction of the bank tax presents significant risks already in the medium term....
The UAE announced that a committee tasked with unifying the country’s financial laws has met....
Political Capital expects the Hungarian government reacts to the crisis fast and will announce austerity measures to stabilize the budget and the exchange rate. ...
A Kuwaiti court order essentially makes banks not operating according to Islamic finance principles illegal....
Bulgarian GDP fell 5.1% in 2009 year-on-year – contracting for the first time since 1997, when GDP shrank 5.6%, according to preliminary data from the National Statistical Institute (NSI)....
The Czech economy unexpectedly contracted 0.6% in the fourth quarter of 2009. This followed two quarterly increases that had pulled the country out of recession....
The government presented its plan to tackle the budget deficit and soaring government debt at the beginning of February....
Romania can expect the long-awaited third and fourth installments of its stand-by loan from the IMF after the Fund gave Romania’s economy a favorable review last month....
Slovakia’s senior governing party Smer may be able to gain an absolute majority in the June elections, unless most small parties pass the 5% for parliamentary representation....
Montenegro’s loan negotiations with the International Monetary Fund hang in the balance after the IMF pinpointed several shortcomings in Montenegrin finances....
The latest polls show the greatest number of Macedonians supporting the governing coalition, but some of them indicate the main opposition party is closing the gap....
The call by British Business Secretary Lord Mandelson calling on Dubai to resolve its debt problem puts further pressure on Dubai to put its act together....
Al Gosaibi family has filed a court case against Al Sanea in New York in their long running family business dispute....
Kuwait's parliament last week passed a $104bn four-year development plan, the first for decades, proposed by the government....
The Socialists and the governments suffered numerous setbacks. The property tax has been abolished, more and more heads roll at BKV and the party's poll numbers failed to improve....
While the decision to establish diplomatic relations with Kosovo has heightened tensions with Serbia in the short term, the move scored political points in both Washington and Brussels....
Montenegro in 2009 saw positive developments in its bid to EU-accession. However, the economic outlook hasn't improved for 2010, which forecasts numerous conflicts in the new year....
Apart from minor conflicts GERB remains stable, while opposition parties continue to feud among themselves....
At the Economist Conferences' Eighth Business Roundtable with the Government of Bulgaria, PM Borisov declared his government would make every effort to adopt the euro before its term expires in 2014....