InvestCEE

Romania’s budgetary deficit in 2019 was recorded at 4.6% of GDP, the highest figure in the last 9 years, according to data from the Ministry of Public Finance. The figure stands at 0.2% above the predictions in last year’s budget amendment.buff.ly/38OVmNg

The financial sector is looking to fill thousands of jobs. The wage is high, last fall the average gross was €1,960, and it is increasing quickly, but there are still no applicants. The highest-paid sector is looking for thousands of employees. buff.ly/2O5tJaQ

Polish PM, German chancellor discuss EU budget in Berlin buff.ly/2RDBKWG

Indonesia and Hungary will set up a 500 million dollar investment fund to facilitate Hungarian companies’ participation in the development of transport and water management infrastructure in the Asian country in an organised way, Foreign Minishttps://buff.ly/2GsGp7j

Google is set to increase its presence in Warsaw - this has been announced at the newly-opened Polish House at the World Economic Forum in Davos, Switzerland.buff.ly/30XyTuE

The question of when the Euro will be introduced in Hungary has been asked since the country joined the European Union. At the beginning of the week, the National Bank of Hungary reported in a brand-new study the conditions needed to introduce t buff.ly/311jcT5

Poland’s food industry will expand this year on the back of growing demand at home and abroad, according to a study.buff.ly/37u9YRH

The consumer price of natural gas and electricity is surprisingly cheap in Budapest compared to other EU member states. According to recent statistics, Budapest residents have the cheapest gas and the second cheapest electricity among all the capihttps://buff.ly/3a8mjNq

Huawei is trapped in the trade war between the US and China while it remains at the forefront of 5G technology research and development and tries to show everyone that it has no intention to spy on its users for the Chinese government.buff.ly/2Tm4kgl

Hungarian premium quality products and services are in a good position to enter the market in Macau, the Hungarian foreign minister said on Tuesday, after meeting Ho lat Seng, the chief executive of Macau. Péter Szijjártó is the first Hungarian fohttps://buff.ly/2uO3cb9

Polish Prime Minister Mateusz Morawiecki has said at an economic conference in Berlin that his country has succeeded in delivering economic stability while pursuing social programmes.buff.ly/2sTXuEd

The euro area annual inflation rate went down to 0.7 percent in October, from 0.8 percent in September, and to 1.1 percent in the European Union, lower than the 1.2 percent recorded in the previous month. A year earlier, the rate was 2.3 percent,buff.ly/2QEWCwc

Russia and Ukraine signed a deal on gas transit on Monday, December 30, one day before the previous 10-year contract expired. They have thus averted the feared interruption in supplies of Russian gas to Europe.buff.ly/2Fy5xZS

Solid economic growth and record-low unemployment has driven a growth in salaries for five years in succession. This year economists have a bleaker outlook, saying wage increases are likely to be significantly lower, due to the slowdown in economic growth.buff.ly/304L5ck

For 20 years the Romanian workforce lingered below the figure of 5 million employees, but for the past 2 years has been closing in on this number, considered critical by analysts. Romanian workforce at 4.984 million in September 2019, a figure thhttps://buff.ly/2FvHtH3

Investments in Hungary hit a record high last year, Foreign Minister Péter Szijjártó said on Wednesday. The government secured 101 large-scale investment deals with foreign and Hungarian companies, Szijjártó told a news conference. This amounted buff.ly/35wvfIF

Most Polish firms involved in the production and distribution of automobiles expect the sector to lose some of its momentum amid a slowdown in Europe.buff.ly/300wuyJ

Conditions on the European steel market remain weak. As a consequence one of three blast furnaces in the steelmaker U.S. Steel Košice (USSK) remains idle and some planned investments are being postponed, U.S. Steel Corporation writes in its outlohttps://buff.ly/2FqNapE

Poland last year launched a new system of voluntary, employer-sponsored pension plans (PPK) to offer a fresh option for citizens to save for retirement. To begin with, the new system took off in large companies with at least 250 employees.buff.ly/35tWkMR

New measures as part of the action plan to protect the economy, alongside targeted tax cuts, will come into effect in the New Year with a view to aiding families and businesses, Finance Minister Mihály Varga said on Tuesday. buff.ly/2ZVqzv1