Hungary Supports Granting Georgia, Bosnia-Herzegovina EU Candidancy

Besides Ukraine and Moldova, Georgia and Bosnia-Herzegovina should also be granted European Union candidate status, Judit Varga, the justice minister, said in Brussels ahead of a summit of EU leaders. Bosnia-Herzegovina must not be “left out” of the group of Western Balkan countries aiming to join the EU, she said.

ECB publishes consolidated banking data for end-December 2021

Total assets of EU-headquartered credit institutions increased from €29.44 trillion in December 2020 to €30.44 trillion in December 2021, an increase of 3.42%. EU non-performing loans ratio[1] declined by 0.2 percentage points year on year to 2.08% in December 2021. EU average return on equity[2] was 6.81% and Common Equity Tier 1 ratio[3] was 15.73% in December 2021. Euro area banks and […]

Euro area monthly balance of payments: April 2022

Current account deficit increased to €6 billion in April 2022, up from €2 billion in previous month Current account surplus amounted to €182 billion (1.5% of euro area GDP) in 12 months to April 2022, down from €316 billion (2.7%) one year earlier In financial account, euro area residents’ net acquisitions of non-euro area portfolio investment securities totalled […]