At the end of the past year, the finance minister Sebastian Vladescu was saying that Romania could register in 2010 an improvement of the sovereign rating if it observes the agreement with IMF and the European Union. But, Fitch rating agency pours cold water on the enthusiasm of the Romanian politicians. It is rather improbable that Fitch would improve the ratings...

Prague, Jan 6 (CTK) - Danish investment bank Saxo Bank expects Czech economy to rise by 1.35 percent this year and to accelerate to 2.65 percent next year, Saxo Bank chief strategist Christian Blaabjerg said at a press conference in Prague Wednesday. Saxo Bank's estimates correspond to estimates made by other analysts who expect Czech gross domestic product...

European Environment Agency (EEA) reports that there was a large drop of emissions been 2009 to 2010 and 9 Central and Eastern European countries are on target to reach the Kyoto targets. The 9 counties are Poland, Czech republic, Bulgaria, Romania, Hungary, Slovakia Latvia, Estonia, Lithuania and at the current emission reduction rate they will overachieve...

Only six percent of Poles fear losing their jobs next year, finds an opinion poll by the IQS researchers.  Despite the announcement by the Central Statistical Office last week that unemployment increased to 11.4 percent in November, Poles remain relatively optimistic about their financial prospects for 2010.  Just eight percent fear a fall...

Poland has a chance to become a household and electrical appliances empire as more and more Asian companies want to invest in the country.  Samsung Electronics has recently announced that it plans to produce washing machines and fridges in Poland. The Korean company bought two plants from the Polish producer Amica and wants to double production in...