Central Europe | Institute of Central Europe

Baltic Team

IEŚ Commentaries 345

Marlena Gołębiowska - Baltic Team

When food is scarce – Poverty in Central Europe

The picture of Central European poverty is clearly differentiated. In the Czech Republic, the rate of people at risk of poverty or social exclusion is the lowest in the entire European Union, while in Bulgaria – the highest. In total, 22 million citizens of the “new” EU countries were affected by this problem before the COVID-19 pandemic. The forecasts indicate...

[Zdjęcie: Rafael Henrique/Zuma Press/Forum]

IEŚ Commentaries 273

Marlena Gołębiowska - Visegrad Team

The impact of COVID-19 on the fiscal policies of the Central European countries

Within six months of the announcement of the COVID-19 pandemic, the Central European countries spent nearly 10% of GDP on fiscal support. This decisive response by governments is mitigating the effects of the economic crisis, saving companies and preserving jobs. However, an increase in expenditure with lower budgetary revenues inevitably leads to a deterioration in the...