International Monetary Fund
Decreasing workforce and low productivity of aging employees, coupled with rising pressures on public finances, can cost the economies of Central and Eastern Europe about 1% of GDP per year. By the middle of the century, per capita income will rise from the current 52% to around 60% of those in Western Europe.
Romania's Q1 2019 Gross Domestic Product (GDP) was 1.3pct higher in real terms than Q4 2018 GDP, and 5pct, both unadjusted and adjusted for seasonality, over Q1 2018, according to provisional data released on Monday by the National Institute of Statistics (INS).
On yesterday's meeting of European Council, the decision on the successor of Donald Tusk has been reached, so Belgian Prime Minister Charles Michel was elected the new President of the European Council.
Former President Donald Tusk announced this information on his official Twitter account.
Kosovo will see significant price rises and an overall reduction in its purchasing power as a result of the high taxes it has imposed on imports from Serbia and Bosnia, experts have warned.
A recent assessment by Veritas Global, a Swiss company that provides economic services, claims that because of this significant fall in purchasing power, Kosovar citizens will buy less goods.
Prime Minister Viorica Dancila had a meeting at the Victoria Governmental Palace on Thursday with the IMF expert delegation, headed by International Monetary Fund (IMF) mission chief for Romania and Bulgaria Jaewoo Lee, which is currently paying the annual visit for the evaluation of the macroeconomic situation, a procedure of periodical consultation with the national authorities.