Poland to build two nuclear reactors – Kaczynski announces, with third also possible

"Now we have decided to atomise Polish energy: two nuclear power plants will be built, one in cooperation with the…

Romania secures EUR 650mn factory investment as Nokian Tyres looks to replace Russian output

Nokian Tyres will build a EUR 650mn passenger car tyre factory in Oradea, western Romania, creating around 500 jobs, it…

Gov’t interventions see Poland, Slovenia, Hungary buck H1 electricity bills trend

Household electricity prices rose year-on-year in the first half of 2022, from EUR 22 per to EUR 25.30 per 100…

Hungary, Georgia discuss ‘major new energy cooperation’

Hungarian Prime Minister Viktor Orban and Georgian Prime Minister Irakli Garibashvili signed a strategic partnership agreement and discussed responses to…

Taiwan invests in CEE, as Lithuania opens trade office in Taipei

The tensions around the burgeoning relations between Taiwan and Central and Eastern Europe (CEE) will be on the agenda when…

Latvia, Estonia choose location for giant wind farm

Estonia's Sõrve peninsula area looks set to be the location for the major Estonian-Latvian hybrid offshore wind farm project ‘Elwind’,…

Eurowag to expand CEE network with Inelo buyout

Czech-founded WAG Payment Solutions PLC announced on Tuesday that it has agreed to fully acquire Grupa Inelo SA, a leading…

Romania blames Hungary for Schengen deficit

Romanian lorry drivers urged their government to “relentlessly lobby” for the country to join the Schengen zone on Monday, asserting…

• Economy

Moody’s forecasts CEE growth in 2022, amid soaring inflation

The loan-book performance of banks in Central and Eastern Europe (CEE) is set to worsen as interest rate hikes take…

Bulgaria, Romania edge towards Schengen membership, as MEPs express overwhelming support

MEPs backed Bulgaria and Romania joining the Schengen zone in the coming months by an overwhelming margin on Tuesday. Of the…