By Stefan Andjelic, RBI | Payment systems are a vital part of the economic and financial infrastructure. Their efficient functioning, allowing transactions to be completed safely and on time, makes a key contribution to the overall economic performance. (Bank Of England, 2000). Against this backdrop, the role of banks, including the range of financial services […]
By Linda Struckl, born Viennese, passionate waltz dancer and experienced ball visitor | Vienna is known for many things – coffee house culture, Sachertorte, Schnitzel – but when it comes to giving the city a label, Vienna has always been the capital of dancing and balls. More than 400 balls take place in Vienna every […]
By Sebastian Petric and Daniel Pail, RBI | The technicalities of transitioning from plan to market are still a hotly debated topic. In light of the current anniversary of the fall of the Berlin Wall, we recap the ideas on economic transformation and summarize the realities the Eastern European countries faced in the 1990s. Transition […]
By Boris Fojtík, Economic Analyst at Tatra banka | There are four car manufacturers based in the west of Slovakia, across an area of less than 3,500km2, which represents less than 7 percent of the territory of the country. In 2018, their production increased to 1.08 million cars, which is another record-breaking result for the […]
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