This used to be a post about the Central European Journal of Mathematics which has changed quite a bit since the writing of the original post.
I no longer endorse that journal.
The true successor of the original spirit is the European Journal of Mathematics, whose Editorial Board is essentially what used to be the CEJM editorial board which resigned in its entirety as a group in protest of the publisher's actions with regard to the journal.
Here is some more explanation in response to the comments:
Keith and Darij: Perhaps calling the journal evil was too much, I meant that for the publisher. Here is what happened. De Gruyter acquired the journal a few years ago and immediately decided to change its philosophy. They call it "open access", which means that you can access the published articles free of charge, but in order to publish an article you have to pay €1000 (see https://www.degruyter.com/view/supplement/s23915455_Article_Processing_Charges.pdf). At the time of enacting this policy they even decided to charge those authors whose paper had already been accepted, but had not yet appeared in print. The Editorial Board protested this action, but De Gruyter ignored us. In addition, it seemed that the emphasis was on charging the authors not on the quality of the publication. I cannot speak for the current Editorial Board, but back then we felt that the publisher's model would potentially lead to a journal where people can simply pay to get published which would naturally lower the quality of the publication. The fact that the publisher decided to charge those whose articles had been accepted within the free-to-publish model was a bad sign and did not reflect well for the resolution of potential future issues. I do not claim anything about hethe current state of the journal, I simply wanted to withdraw my endorsement.