Europe - ąĎĚďşÚÁĎ /europe/feed/ Wed, 01 Jul 2026 08:43:38 +0000 en hourly 1 https://wordpress.org/?v=6.5.8 Latest EP survey finds Hungarians trust the EU even more than the European average /europe/2026/07/01/latest-ep-survey-finds-hungarians-trust-the-eu-even-more-than-the-european-average/ /europe/2026/07/01/latest-ep-survey-finds-hungarians-trust-the-eu-even-more-than-the-european-average/#respond Wed, 01 Jul 2026 08:43:38 +0000 /?p=253101 Since the previous public opinion survey conducted in October–November 2025, the share of Europeans who believe the European Union is a source of stability in today’s turbulent world has risen by 8 percentage points to 75%. In Hungary, the figure is even higher at 80%, representing a 14-percentage-point increase compared with the autumn 2025 survey, according to the latest Eurobarometer survey published by the European Parliament on Wednesday.

Overall, 74% of Europeans believe their country’s EU membership is beneficial—the highest level ever recorded, tied with the 2025 result. Meanwhile, 68% would like the EU to play a stronger role in protecting citizens against global crises and security threats in the future, and 73% support giving the EU more powers to tackle global challenges.

Against the backdrop of global political developments, Europeans have become less optimistic about the future. Fifty-eight percent now describe themselves as pessimistic, while 38% remain optimistic. Since last autumn, the proportion of pessimists has increased by 6 percentage points. In Hungary, however, 57% of respondents are optimistic about the future of the world and 38% are pessimistic, figures that have changed little since November 2025.

Respondents identified the EU’s greatest benefit as its role in preserving peace and strengthening security (40%, up 3 percentage points since spring 2025). The second most frequently cited advantage (34%) was improved cooperation between member states.

In Hungary, 81% of respondents—7 percentage points above the EU average—believe the country has benefited from EU membership, representing a 6-percentage-point increase compared with the spring 2025 survey. Hungarians most commonly said EU membership benefits the country by creating new job opportunities (41%) and supporting economic growth (37%).

“Amid global uncertainty, Europeans increasingly see the European Union as an anchor of stability. In a turbulent world, this trust is Europe’s greatest asset. But it also comes with a clear expectation that we act decisively to provide security, prosperity and opportunities for our citizens,” said Roberta Metsola, President of the European Parliament.

To strengthen its global position, respondents believe the EU should focus primarily on defence and security (39%) and energy independence (35%). Support for prioritising energy independence has increased by 6 percentage points since autumn 2025. Across the EU, respondents ranked competitiveness and economic strength as the third-highest priority.

Hungarian respondents most frequently identified energy independence (36%) as the area the EU should prioritise to strengthen its position in the world. This was followed by defence and security (34%), competitiveness (32%), and food security and agriculture (32%).

Across the EU, 83% of respondents said they were satisfied with their quality of life, while 17% were dissatisfied. In Hungary, 79% expressed satisfaction with their quality of life. However, satisfaction falls sharply among those experiencing financial difficulties: only 40% of Hungarians who occasionally struggle to pay their bills and 48% of those who frequently have difficulty paying bills said they were satisfied.

According to Hungarian respondents, the key ingredients of a good quality of life are high-quality, accessible healthcare (49%), a good financial situation (46%), and physical and mental health (40%).

Half of all respondents (50%) do not expect their standard of living to change in the coming years, while 29% fear it will worsen. Only 18% expect it to improve.

Concerns about declining living standards are strongest in France (44%), followed by Portugal (39%), Austria (38%), and Germany (38%).

The European Parliament’s Spring 2026 Eurobarometer survey was conducted by the research agency Verian between 9 April and 4 May 2026 in all 27 EU member states, based on 26,421 face-to-face interviews. The overall EU results were weighted according to the population of each member state.

(MTI)

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Strong pre-season boosts Croatia tourism, but summer demand shows signs of softening /eco/2026/06/10/strong-pre-season-boosts-croatia-tourism-but-summer-demand-shows-signs-of-softening/ /eco/2026/06/10/strong-pre-season-boosts-croatia-tourism-but-summer-demand-shows-signs-of-softening/#respond Wed, 10 Jun 2026 08:03:37 +0000 /?p=252891 More than 4.5 million tourists visited Croatia in the first five months of the year, generating over 14 million overnight stays, surpassing last year’s figures. However, demand for July and August appears somewhat weaker than in previous years, according to the Croatian National Tourist Board (HTZ).

The data, based on the eVisitor and eCrew systems as well as accommodation and nautical tourism records, show a 5% increase in visitor numbers and a 7% rise in overnight stays compared to the same period in 2025. Coastal destinations recorded 12.2 million overnight stays, up 8% year-on-year, while continental destinations saw a 3% increase.

Tourism and Sports Minister TonÄŤi Glavina said the growth reflects the success of government measures aimed at strengthening the pre- and post-season and promoting year-round tourism. He added that June figures so far also indicate positive trends.

At the same time, Glavina cautioned that the peak tourism months of July and August are still ahead. Based on current market research and developments in Croatia’s key source markets, demand appears slightly more restrained than in previous years. He stressed the importance of maintaining responsible and competitive pricing policies.

The minister also noted that Croatia has adjusted its tourism marketing campaigns in response to the crisis in the Middle East. The revised campaigns emphasize Croatia’s competitive advantages, including its proximity to major European markets, its safety, and its good value for money.

Istria recorded the highest number of overnight stays during the first five months of the year, with 4.1 million, followed by Split-Dalmatia County with 2.2 million and the Kvarner region with 2.1 million. The most popular destinations among visitors were Dubrovnik, Zagreb, Rovinj, Split, PoreÄŤ, and Zadar.

Among foreign visitors, Germans generated the highest number of overnight stays at 2.7 million. They were followed by domestic tourists with 2.5 million overnight stays, Slovenians with 1.3 million, Austrians with 1.1 million, Britons with more than 670,000, and Americans with over 540,000.

Hotels, which account for 15% of Croatia’s accommodation capacity, generated 43% of all overnight stays. Campsites, representing 20% of capacity, accounted for 16% of overnight stays, while private accommodation, which makes up 52% of capacity, generated 23%.

HTZ Director Kristjan Staničić said the positive results confirm Croatia’s strong position on the international tourism market. Despite challenges facing the global travel industry, interest in Croatia remains stable. Recent European studies also indicate continued strong demand for Mediterranean destinations, with safety, quality, and value for money remaining key factors for travelers.

(MTI)

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ECB Advances Digital Euro Plans and Tightens Banking Oversight in April Decisions /europe/2026/05/21/ecb-advances-digital-euro-plans-and-tightens-banking-oversight-in-april-decisions/ /europe/2026/05/21/ecb-advances-digital-euro-plans-and-tightens-banking-oversight-in-april-decisions/#respond Thu, 21 May 2026 11:35:20 +0000 /?p=252750 The European Central Bank has published a broad set of decisions taken by its Governing Council in April 2026, highlighting major developments in digital finance, banking supervision, payments and financial stability across the euro area.

Among the key announcements was the publication of the ECB’s Annual Report 2025, outlining the institution’s activities and monetary policy actions over the past year. The Governing Council also confirmed changes to the remuneration of excess reserves held by banks at national central banks, simplifying the framework by aligning all excess reserve remuneration with the deposit facility rate from June 2026 onward.

The ECB continued to push forward its digital finance agenda. It approved agreements with standard-setting bodies including CPACE, nexo and Berlin Group for digital euro online payment standards, while also adopting rules governing the upcoming digital euro pilot project, scheduled to begin in the second half of 2027. The central bank further strengthened its tokenised finance strategy through the Appia Steering Group, which will oversee the development of tokenised wholesale central bank money projects such as Pontes and Appia.

In payments policy, the Eurosystem unveiled a new comprehensive payments strategy aimed at creating a more innovative and competitive European payments market while preserving the role of central bank money in an increasingly digital economy.

On financial stability, the ECB reviewed risks tied to non-bank financial intermediation and approved a new report proposing macroprudential reforms focused particularly on the asset management sector. It also released updated assessments of financial integration within the euro area and responded to a European Commission consultation on boosting the competitiveness of the EU banking sector.

In banking supervision, the ECB imposed a €6.2 million administrative penalty on BofA Securities Europe SA for incorrectly reporting market risk data. The central bank also announced reforms to streamline the approval process for banks’ internal credit risk models beginning in October 2026.

Additional decisions covered updates to securities holdings statistics, the continuation of the Integrated Reporting Framework project, legal opinions on EU financial legislation and governance appointments within the Eurosystem.

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ECB’s Cipollone Warns Stablecoins Could Threaten Monetary Sovereignty Without Digital Central Bank Money /europe/2026/05/21/ecbs-cipollone-warns-stablecoins-could-threaten-monetary-sovereignty-without-digital-central-bank-money/ /europe/2026/05/21/ecbs-cipollone-warns-stablecoins-could-threaten-monetary-sovereignty-without-digital-central-bank-money/#respond Thu, 21 May 2026 11:26:55 +0000 /?p=252749 Piero Cipollone, a member of the Executive Board of the European Central Bank, said digitalisation and tokenisation could transform finance by making transactions faster, cheaper and more efficient through distributed ledger technology (DLT). Speaking in Rome, he argued that tokenised markets need tokenised central bank money at their core to ensure safe settlement, financial stability and effective monetary policy transmission.

Cipollone warned that without central bank-backed digital money, private settlement assets such as stablecoins could dominate tokenised markets, increasing risks to banking systems, financial stability and monetary sovereignty. He noted that widespread use of foreign currency stablecoins could weaken central banks’ control over interest rates and money supply.

The ECB plans to support the development of tokenised finance through projects such as Pontes, which will provide tokenised central bank money settlement services from September, and Appia, a roadmap aimed at creating interoperable standards for digital financial markets.

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ECB Forecasters Expect Higher Short-Term Inflation and Weaker Growth /europe/2026/05/05/ecb-forecasters-expect-higher-short-term-inflation-and-weaker-growth/ /europe/2026/05/05/ecb-forecasters-expect-higher-short-term-inflation-and-weaker-growth/#respond Tue, 05 May 2026 06:48:14 +0000 /?p=252623

The ECB’s Survey of Professional Forecasters for Q2 2026 shows slightly higher short-term inflation expectations, with headline inflation at 2.7% in 2026 and easing to 2.0% by 2028. Core inflation follows a similar pattern. Long-term inflation expectations (2030) remain stable at 2.0%.

Economic growth expectations were revised down for 2026 (1.0%) and 2027 (1.3%), mainly due to higher energy prices linked to the Middle East conflict, while 2028 and long-term growth forecasts remain unchanged at 1.3%.

Unemployment expectations are steady, projected at around 6.3% in 2026, gradually declining to 6.1% by 2028 and staying there long term.

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ECB Holds Interest Rates Steady Amid Rising Inflation and Growth Risks /europe/2026/04/30/ecb-holds-interest-rates-steady-amid-rising-inflation-and-growth-risks/ /europe/2026/04/30/ecb-holds-interest-rates-steady-amid-rising-inflation-and-growth-risks/#respond Thu, 30 Apr 2026 13:38:39 +0000 /?p=252619 The Governing Council of the European Central Bank (ECB) decided to keep all three key interest rates unchanged. It noted that recent economic data is broadly in line with previous expectations for inflation, but risks have increased: inflation risks are tilted to the upside, while growth risks are tilted to the downside. The ECB reiterated its commitment to ensuring inflation returns to and stabilises at its 2% medium-term target.

The ECB highlighted that the war in the Middle East has pushed energy prices higher, contributing to increased inflation and weaker economic sentiment. It warned that the longer the conflict and elevated energy prices persist, the greater the potential impact on inflation and economic activity, including secondary effects on the wider economy.

Despite this uncertainty, the euro area economy is described as resilient, and inflation expectations over the longer term remain anchored near the 2% target. However, short-term inflation expectations have risen significantly.

The Governing Council emphasised a data-dependent, meeting-by-meeting approach, stating it is not pre-committing to any specific interest rate path. Future decisions will depend on inflation outlooks, underlying inflation dynamics, financial and economic data, and the effectiveness of monetary policy transmission.

Key ECB interest rates remain unchanged:

  • Deposit facility: 2.00%
  • Main refinancing operations: 2.15%
  • Marginal lending facility: 2.40%

Regarding asset purchases, the APP and PEPP portfolios continue to decline gradually as the ECB no longer reinvests maturing securities.

Finally, the ECB stated it remains ready to adjust all instruments if necessary to maintain price stability and ensure smooth transmission of monetary policy across the euro area. The Transmission Protection Instrument remains available to counter unjustified market disruptions.

The ECB President will present further details at a press conference at 14:45 CET.

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Euro Area Consumers Expect Higher Inflation and Weaker Economic Growth /europe/2026/04/28/euro-area-consumers-expect-higher-inflation-and-weaker-economic-growth/ /europe/2026/04/28/euro-area-consumers-expect-higher-inflation-and-weaker-economic-growth/#respond Tue, 28 Apr 2026 08:49:06 +0000 /?p=252546 Euro area consumers became more pessimistic about the economic outlook in March 2026, while inflation expectations rose significantly, according to the ECB’s latest Consumer Expectations Survey.

Consumers now expect higher inflation both in the short and medium term, with one-year-ahead expectations jumping to 4.0% and three-year expectations to 3.0%. At the same time, uncertainty about inflation increased.

Income growth expectations remained unchanged, but households anticipate higher spending in the coming year, reflecting rising prices and consumption pressures. However, economic sentiment worsened: expectations for economic growth turned more negative, and the expected unemployment rate increased, signaling concerns about the labour market.

In the housing market, consumers expect slightly stronger price growth and higher mortgage interest rates over the next 12 months. Access to credit is also perceived to be tightening, with more households reporting and expecting stricter borrowing conditions.

Overall, the survey points to rising inflation concerns, weakening economic confidence, and tighter financial conditions among euro area households.

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Euro Area Banks Tighten Lending as Loan Demand Weakens /europe/2026/04/28/euro-area-banks-tighten-lending-as-loan-demand-weakens/ /europe/2026/04/28/euro-area-banks-tighten-lending-as-loan-demand-weakens/#respond Tue, 28 Apr 2026 08:42:29 +0000 /?p=252545 Euro area banks tightened lending standards across all major loan categories in the first quarter of 2026, according to the latest ECB bank lending survey, with stricter conditions driven mainly by rising economic risks and lower risk tolerance. Banks expect this trend to continue in the coming months, citing geopolitical tensions, energy market uncertainty, and higher funding costs.

At the same time, demand for loans weakened. Companies reduced borrowing mainly due to lower investment activity, while households showed less interest in credit as consumer confidence declined and spending—especially on durable goods—fell. Demand for consumer loans dropped significantly, while housing loan demand stagnated.

Banks also reported a rise in rejected loan applications and tighter lending conditions, particularly for businesses and consumer credit. Access to funding through financial markets deteriorated, and institutions expect further tightening ahead.

Nearly half of euro area banks are increasingly using securitisation to support lending, manage risks, and improve liquidity, often relying on non-bank investors such as funds and insurance companies.

Overall, the survey signals a more cautious banking environment, with stricter lending, weaker demand, and growing reliance on alternative financing tools.

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ECB Partners with European Standard Bodies to Advance Digital Euro Payments /europe/2026/04/24/ecb-partners-with-european-standard-bodies-to-advance-digital-euro-payments/ /europe/2026/04/24/ecb-partners-with-european-standard-bodies-to-advance-digital-euro-payments/#respond Fri, 24 Apr 2026 13:54:20 +0000 /?p=252524 The European Central Bank has signed agreements with three European standard-setting bodies—European Card Payment Cooperation, nexo standards and Berlin Group—to support the rollout of digital euro payments using existing open technical standards.

The aim is to reduce costs, improve interoperability, and allow European payment providers to expand across borders more easily while offering a consistent user experience.

By relying on widely used European standards instead of proprietary global systems, the ECB hopes to strengthen Europe’s independence in the payments market and encourage innovation. The initiative will help prepare the market ahead of the digital euro’s official launch, though its full potential depends on the adoption of the relevant EU regulation, which would provide legal certainty and enable broader investment in the sector.

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EEA: Fairness and Business Support Crucial for Circular Economy Growth /europe/2026/04/24/eea-fairness-and-business-support-crucial-for-circular-economy-growth/ /europe/2026/04/24/eea-fairness-and-business-support-crucial-for-circular-economy-growth/#respond Fri, 24 Apr 2026 07:09:26 +0000 /?p=252511 The European Environment Agency highlights that making the circular economy work in Europe requires a strong focus on people as well as businesses. According to two new briefings, success depends on ensuring that policies support entrepreneurs, workers, and citizens alike, while also addressing barriers that prevent circular business models from scaling up. Although the sector has significant job-creation potential—up to 500,000 new jobs by 2030—many companies still struggle with growth, and existing jobs are not always fair or inclusive.

The reports stress that expanding circular businesses involves reaching new markets, transforming business systems, and encouraging cultural shifts among consumers. At the same time, policymakers must promote innovation, fair competition, and better financing conditions. The agency also underlines that a just transition is essential: while circular economy jobs have increased to 4.4 million in the EU, challenges remain around job quality, skills, and equal access. Overall, integrating fairness and inclusion into circular economy policies is key to achieving environmental, economic, and social goals.

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