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Economy

The general sense of economy is careful management of resources such as money and materials, so as not to waste them, but the more familiar reference is to a system of producing, distributing, and consuming goods and services.
The word economy derives from Greek oikonomos, “manager of a household,” from oikos, “house.” The earliest meaning of the adjective economical and the noun economics was also in connection with the management of a household. The earliest mention of a nation’s economy was in Thomas Hobbes’ Leviathan, an important work in the history of political economy.

Ursula von der Leyen
The Global Gateway (Part 2): is it failing its objectives? Full reports

The Global Gateway (Part 2): is it failing its objectives?

You can find part 1 here. The European Union's response to China's global trade and infrastructure programmes is now materialising. Europe's major Global Gateway initiatives aim to provide developing nations with an alternative to China's Belt and Road Initiative, which projects Beijing's clout along critical trade routes through port improvements,…
Léo Portal
2023-07-31
Global Gateway Ursula von der Leyen
The Global Gateway (Part 1): a European response to the Belt and Road Full reports

The Global Gateway (Part 1): a European response to the Belt and Road

The Global Gateway is a new European strategy that was introduced by the European Commission and the High Representative for Foreign Affairs and Security Policy on December 1, 2021. Its goal is to strengthen global health, education, and research systems while advancing smart, clean, and secure energy, digital, and transportation…
Léo Portal
2023-06-30
Croatian National Bank
Croatia and the Euro (Part 1): why did the country adopt the common currency? Full reports

Croatia and the Euro (Part 1): why did the country adopt the common currency?

Despite challenging experiences with the Euro’s governance, particularly during the financial crisis, the rules for joining the monetary union have remained essentially unchanged since their inception, and Croatia has followed the path into the Eurozone as set out in the Maastricht Treaty. Croatia is the 20th country to decide to…
Supermarket Lithuania
The Lithuanian risk of out-of-control inflation: how citizens have to adapt Country Analysis

The Lithuanian risk of out-of-control inflation: how citizens have to adapt

According to data from the National Social Security Fund of Lithuania, nominal labour income rose by 12.7% year-on-year, but could not keep up with the 20% inflation rate in January-March. The increase in average incomes was due to increases in the minimum wage and raises for civil servants. The income…
Gwendal Combot
2023-04-21
polish central bank
Will Poland finance its infrastructure through the interest rate crisis? Short Analysis

Will Poland finance its infrastructure through the interest rate crisis?

You can find our previous article on the Polish housing market HERE The polish financial sector is experiencing drawbacks and difficulties emerging from different directions. Complexity of the global situation is still making it difficult to understand how the Polish scenario will develop, and where issues are originating from. More…
Bulgaria’s Housing Market : assessing problems before euro membership Short Analysis

Bulgaria’s Housing Market : assessing problems before euro membership

After six years of strong house price rises, Bulgaria’s housing market remains vibrant. The nationwide house price index rose by 7.51% (6.83% inflation-adjusted) during the year to Q1 2021, accelerating from a y-o-y rise of 4.7% during the same period last year, which was the strongest house price growth in…
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