economy | Institute of Central Europe

Visegrad Team

IEŚ Commentaries 311

19 January 2021

Łukasz Lewkowicz - Visegrad Team

The automotive industry in Slovakia has overshadowed by the COVID-19 Pandemic

The automotive industry is a key industrial sector in Slovakia. It is also the main source of direct foreign investment in the country. The situation in the automotive industry during the first wave of the COVID-19 pandemic, when automotive manufacturers suspended car production, had a significant impact on the Slovak economy. On the other hand, the lockdown introduced by the...

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Baltic Team

IEŚ Commentaries 308

8 January 2021

Marlena Gołębiowska - Baltic Team

New restrictions and new (better) economic forecasts in the Baltic States

The increase in COVID-19 infections in the Baltic States in recent weeks has resulted in a number of restrictions, but the second lockdown will not affect the economies of the Baltic States as anticipated. Forecasts indicated that the recession in 2020 in Lithuania and Estonia would be one of the lowest in Europe. However, the most recent restrictions – such as the ban on moving...

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Visegrad Team

[Zdjęcie: Rafael Henrique/Zuma Press/Forum]

IEŚ Commentaries 273

12 October 2020

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...

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