International Monetary Fund

IMF: Demographic Problems Stifle the Economic Growth of Countries in the Region

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.

Tsakalotos among possible candidates for top job at IMF, CNBC reports

As the International Monetary Fund prepares to choose a new managing director to replace Christine Lagarde, who is to leave the post in the coming months, CNBC has reported that former Greek Finance Minister Euclid Tsakalotos is among the candidates in the running for the job.

Charles Michel heads Council of Europe, Christine Lagarde nominated for ECB President

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.

Import Taxes Are Raising Prices in Kosovo, Experts Warn

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.

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