BULGARIA
In 2025, Bulgaria plans to reverse

certain environmental policies affecting

the energy market and adopt a more

conservative stance on Ukraine,

prioritizing domestic stability. 

CROATIA
Croatia's economy is expected to grow in 2025,

though inflation remains a concern.

Local political focus will shift 

following recent elections,

with priorities on financial stability,

increasing pensions and salaries,

and affordable housing. 

CZECHIA

Elections to the Chamber of Deputies

will dominate the political landscape,

with the opposition ANO movement

expected to win. The potential impact

of an ANO government on

Czechia's EU relations and business

environment remains a concern.

HUNGARY

The rise of the new TISZA party

presents the most serious electoral

threat for Fidesz in 15 years.

Hungary's economy faces structural

problems, with optimistic growth

projections and challenges like slow

consumption recovery and investment decline.

POLAND

The 2025 Polish presidential election

will significantly shape the political

landscape. The election's outcome will impact

the ruling coalition's stability and the

opposition's trajectory. Polish-American

relations will also be influenced,

with potential alignment or tension

depending on the winner.

ROMANIA

Political establishments are preparing

themselves for the rerun of presidential

election in May. We will see political

players increasing nationalist

rhetoric while maintaining EU and NATO

loyalty. But economic woes will take the

front seat as fiscal reforms and public

sector adjustments are expected.

SERBIA

Serbia’s outlook for 2025 will be significantly

influenced by two major factors: the

announced U.S. sanctions on the

national oil company NIS and the ongoing

citizen protests. These protests symbolize

a wider discontent with the current ruling

establishment and have united people from

various walks of life in their call for change.

SLOVAKIA

Prime Minister Robert Fico has to deal

with internal coalition disagreements

and a narrow majority in Parliament.

Early elections may be necessary if

coalition issues aren't resolved by March.

Economically, Slovakia plans further

consolidation measures and tax evasion

combat efforts.

SLOVENIA

Government faces a critical year before the

2026 parliamentary elections, with coalition

parties dealing with internal issues and new

opposition parties emerging. Public reactions

to proposed tax and healthcare changes

have been mixed.

UKRAINE

The possibility of elections adds complexity,

as martial law currently prevents them.

Ukraine faces economic difficulties due to the

security situation, skilled worker shortages,

and infrastructure damage. Sustaining

international support, particularly from

Europe, is crucial, with potential changes in

U.S. aid policies under the new administration.