# Economic and social policy developments in Central Europe > Live situation record from CLSTR: https://clstr.news/situations/economic-and-social-policy-developments-in-central-europe > Updated: 2026-09-14T05:02:10.000Z. Sources: 37. Developments: 2. Economic and social policy developments in Central Europe continue to focus on taxation, labor, and regulatory shifts. Regarding the REVO Hospitality Group insolvency, the resolution of 154 hotels is nearing completion. By early October, most properties are expected to be transferred to five international groups and various investors, a process intended to preserve the majority of 5,450 jobs across Germany, Austria, and the Netherlands. While 125 hotels have been sold, nine insolvent properties and locations in Switzerland and Poland remain without buyers. In monetary policy, the European Central Bank (ECB) has raised its deposit rate to 2.5 percent to combat inflation. ECB member Martins Kazaks noted that rates may need to enter ‘restrictive territory,’ a move that has seen German 10-year bond yields reach a 17-year high. Concurrently, the German Credit Industry (DK) has cautioned that increasing minimum reserves could negatively impact the competitiveness of European banks. Social security reforms in Germany are intensifying, with a planned reform potentially linking the retirement age to life expectancy starting in 2031. This follows growing skepticism regarding state pensions; a survey indicates that 92 percent of Gen Z individuals distrust the statutory system, with 49 percent not expecting to receive benefits. Other domestic updates include stricter penalties for employers failing to meet disability employment quotas and reports of student dissatisfaction with vocational guidance provided by the Federal Employment Agency. ## Claims - The average gross old-age pension in Germany for 2024 was 1,692 euros per month. (disputed) - In 2024, average monthly pensions were 1,892 euros for men and 1,459 euros for women. (disputed) - A full pension point costs 9,661.58 euros in 2026. (corroborated by 2 sources) - Since July 1, 2026, one pension point provides a monthly pension of 42.52 euros. (corroborated by 2 sources) - Individuals aged 50 and older can make voluntary contributions to the statutory pension insurance to offset reductions or increase pensions. (corroborated by 2 sources) - The average income for 2026 is set at 51,944 euros. (corroborated by 2 sources) - ECB Governing Council member Martins Kazaks suggested that interest rates may need to rise further into restrictive territory. (corroborated by 2 sources) - The Deutsche Kreditwirtschaft warns that increasing the non-interest-bearing minimum reserve in the Eurozone is unjustified and harmful to competitiveness. (single source) - The yield on the ten-year German Bund reached a 17-year high of 3.5382 percent. (single source) - A full pension point in Germany will cost 9,661.58 euros in 2026. (single source) - Pope Leo has rescinded the 2021 salary reductions for cardinals that were implemented by Pope Francis. (single source) ## Timeline ### 2026-09-14: European economic shifts: REVO hotel insolvency, ECB rate hikes, and pension reforms Major economic developments include the near-completion of the REVO Hospitality insolvency, ECB interest rate hikes to 2.5 percent, and ongoing debates regarding German pension reforms and Gen Z's lack of trust 35 sources. https://clstr.news/cluster/germany-pension-updates-costs-for-voluntary-contributions-in-2026 ### 2026-09-08: Economic and tax policy comparisons between Hungary and Austria An analysis of economic structures in Hungary and Austria reveals divergent approaches to agricultural regulation and taxation, contrasting Hungary's flat-rate system with Austria's progressive model. 2 sources. https://clstr.news/cluster/economic-and-tax-policy-comparisons-between-hungary-and-austria --- Cite as: Economic and social policy developments in Central Europe. CLSTR, https://clstr.news/situations/economic-and-social-policy-developments-in-central-europe