Central European Times

Central European Times

Rheinmetall opens 'Europe's most modern and finest tank factory' in Hungary

Rheinmetall opens 'Europe's most modern and finest tank factory' in Hungary

3 min read Hungary

German munitions company Rheinmetall proclaimed its unit for armoured vehicles as Europe’s most advanced plant when it inaugurated the new factory in Zalaegerszeg, western Hungary, on Friday, 18 August. Amongst other military hardware, the high-tech facility will make the Lynx, the world’s most advanced infantry fighting vehicle (IFV)

Fedex opens new unit in Poland

Fedex opens new unit in Poland

FedEx Express, the world’s largest provider of express transportation services, has inaugurated another facility in Kielce, southern Poland, its sixth in the country. Since 2020, the company has initiated, modernized, or constructed 12 facilities across six countries in Central and Eastern Europe (CEE). In Poland alone, newly established facilities

Poland sets date for era-defining election

Poland sets date for era-defining election

6 min read Poland

Polish President Andrzej Duda this week set October 15 as the date for a general election that both sides are calling Poland’s most important since the fall of the Soviet Union in 1989. Poland is an increasingly important player in EU relations, both economically and in terms of defence,

Romania hikes inflation forecast

Romania hikes inflation forecast

The National Bank of Romania (BNR) revised upward, to 7.5% its inflation prognosis for the end of this year on Wednesday, 9 August. According to the data presented by the central bank’s governor Mugur Isarescu, inflation will be 4.4% at the end of 2024. Presenting the Quarterly

Multi-billion deal sees Emirati operator acquire telco assets in four CEE countries

Multi-billion deal sees Emirati operator acquire telco assets in four CEE countries

Emirates Telecommunication Group Company (e&) will buy a 50% plus one share in PPF Group’s telecommunications assets in Bulgaria (mobile operator Yettel Bulgaria), Hungary (Yettel Hungary), Serbia (Yettel Serbia) and Slovakia (O2 Slovakia). The United Arab Emirates-based telco holding company, formerly Etisalat, will pay EUR 2.15bn upfront

Sanctions cannot bring Russia to its knees - MOL CEO

Sanctions cannot bring Russia to its knees - MOL CEO

Only 6% of Ukrainian diesel imports come from Hungary, the head of Hungarian energy giant MOL said at a conference on Saturday, 29 July. MOL CEO Zsolt Hernadi was responding to a recent article by Netherlands daily Handelsblatt, which said MOL’s oil deliveries to Ukraine have doubled in the