CET Editor

Hungary blocks EU’s Ukraine arms package after Kiev sanctions OTP bank

Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday,…

2 years ago

Economist becomes Slovakia’s first Hungarian-minority PM

Former Slovak Central Bank (NBS) deputy governor Ludovit Odor was sworn in as the country’s interim prime minister this week.…

2 years ago

Romania loosens surplus tax on OMV Petrom

Romanian President Klaus Iohannis promulgated the revised law that lays down a "solidarity contribution" from the “excessive profits” of energy…

2 years ago

Falling energy prices hit MOL’s Q1 figures

Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but…

2 years ago

Czech govt unveils austerity package

The Czech government announced "Czechia in Shape", a new tax package to reduce the state budget deficit on Thursday 11…

2 years ago

Poland’s Orlen losing millions over Russian oil ban

Poland's state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company…

2 years ago

EUR 1bn earmarked for Ukraine as EU raises ‘peace facility’ funding limit

The Council of the European Union will send another EUR 1bn in support for ammunition and missiles for Ukraine as…

2 years ago

Hungary gov’t reacts to shrinking retail sector with compulsory price cuts

The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the…

2 years ago

EU law will fast-track arms making in Europe, von der Leyen announces in Prague

The European Commission (EC) will propose a law to speed up weapons production in Europe, EC President Ursula von der…

2 years ago

Poland to buy UK defence export system after inking all-time record deal

Poland has signed with the UK a GBP 1.9bn export agreement to roll out a British short-range air defence system,…

2 years ago

Czechia, Hungary, Estonia top for employment in CEE – Eurostat report

Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently…

2 years ago

EON Polska earmarked 33bn war chest for green projects by 2027 – company president

"There will be more and more renewable energy in Poland and other European countries," E.ON Polska president Andrzej Modzelewski said…

2 years ago

Czechs right to opt out of Ukraine farm ban – analysts

Agriculture Minister Zdenek Nekula is right when he says Czech farmers are overplaying the role of Ukrainian wheat on their…

2 years ago

Poland moves closer to first nuclear plant

Poland's pursuit of nuclear energy took another step forward last week as Polskie Elektrownie Jadrowe (PEJ) applied to the Polish…

2 years ago

Pavel wants Czechs to play key role in Western response to resurgent China

Czech President Petr Pavel called for a "joint and balanced" strategy between the US, Europe, and other democracies to address…

2 years ago

Romania holds out on Ukraine import ban, urges neighbours to wait for EU solution

Romanian Minister of Agriculture Petre Daea expressed solidarity with farmers from Poland, Hungary, Bulgaria and Slovakia – who all unilaterally…

2 years ago

Investment group PPF buys Czech telco Nej.cz in billion-dollar deal

Czechia’s largest investment group PPF has acquired internet and television content provider Nej.cz from billionaire Karel Prazak’s Kaprain group. PPF…

2 years ago

Slovakia sends 13 fighter planes to Ukraine

Slovakia has donated 13 MiG-29 fighter jets to the Ukrainian forces, Slovak state news agency TASR reported on the morning…

2 years ago

Croatia tops European tourism poll

Croatia had the highest share of tourism in total gross value added (GVA) at 11%, EU statistics office Eurostat finds…

2 years ago

Poland, Hungary halt Ukraine farm imports

Poland and Hungary have temporarily ceased importing Ukrainian grain and other agricultural produce, defying warnings from the EU that unilateral…

2 years ago