economy

Poland yet again increases its gold reserves

May 22, 2025 Steve Allen 0

In April, the National Bank of Poland bought 400,000 ounces, or almost 12.5 tons of gold, according to data cited by Polish Insider released by Poland’s central bank. In total, at the end of April, […]

Latest data shows Polish industry in good shape

May 22, 2025 Steve Allen 0

Overall industrial production in Poland increased by 1.2 percent year-over-year in April, exceeding economists’ forecasts of 0.7 percent. Food production contributed the most, up by 8.9 percent year-over-year, while automotive production was up 3.4 percent […]

Hungary: Average gross salary up 8.5% as governm…

May 20, 2025 Steve Allen 0

In March 2025, the gross average salary of full-time employees was HUF 714,400 ($1,996), and the net average salary was HUF 490,400 ($1,370). The gross average salary was up 8.5 percent, or HUF 56,000, while […]

Bad blood means bad business, and Algeria is no …

May 16, 2025 Steve Allen 0

For the first quarter, French exports to Algeria fell more than 20 percent from €1.25 billion to €992 million. This is no surprise given the ongoing row between the two countries, but some believe it […]

Orbán scores major victory after Chinese auto gi…

May 16, 2025 Steve Allen 0

The Hungarian government is taking a victory lap after scoring a deal with Chinese EV giant BYD, which is increasingly eating into the global share of automobile sales. After Hungarian Foreign Minister Péter Szijjártó signed […]

As Poles give up on marriage, nearly half also s…

May 15, 2025 Steve Allen 0

Due to the constantly rising costs of living, more and more Poles refuse to participate in weddings and other family events. This news comes as Poles increasingly back out of getting married altogether. How much […]

Hungary’s profit cap on food has sparked competi…

May 15, 2025 Steve Allen 0

Hungary’s margin cap, which caps the amount of profit supermarkets can earn selling food, will be extended to drugstores as of May 19, with the allowed margin on toiletries set at 15 percent. Plans call […]

Rolls-Royce Planning to Shift Production to Unit…

March 23, 2025 Steve Allen 0

British engineering giant Rolls-Royce is reportedly preparing to increase manufacturing production in the United States to avoid tariffs imposed by President Donald Trump. London’s Daily Telegraph reported that Rolls-Royce is currently drafting contingency plans to avoid […]

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