‘No new taxes’ as Romania cracks down on evasion
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections...
CEE inflation eases, but V4 still EU outliers
Hungary remained the EU's most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday...
Shake up at strategic Hungary telco 4iG
Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value of...
Poland faces ‘IT crisis’ from abroad
The number of ICT industry offers decreased by as much as 43% in the first half of 2023, according to the...
MOL to start lithium mining in Hungary
Confirming the preliminary expectations, Hungarian energy giant MOL announced in the summer that it will start mining lithium, local business website...
Auto sector slides down large company list – Coface CEE Top 500 study
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European...
Taiwan FM tours Baltics to deepen ties, despite opposition from China
Taiwanese Foreign Minister Joseph Wu visited Estonia, Lithuania and Latvia from November 6-12, deepening bilateral ties in the Baltics and putting...
Lithuanian gov’t unveils five-year plan to cement status as fintech leader
Ranked number four in the Global Fintech Index Ranking - and with more than 260 fintech companies and 7,000 professionals -...
Moment of truth for Orban – ING’s report on Poland, Czechia, Romania, Hungary
Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania and...
VW suspends plan for EV gigafactory in CEE
Volkswagen is putting its plans to construct a new electric vehicle (EV) "gigafactory" in Central and Eastern Europe (CEE) on hold...
Hungary MOU with Huawei angers US
A memorandum of understanding (MOU) signing between Hungary's 4iG and China’s Huawei, both controversial companies close to their respective governments, has...
Von der Leyen vows to double WB economies in decade
The EU will finance Western Balkans (WB) integration reforms to the tune of EUR 6bn, European Commission President Ursula von der...
Japanese firm launches CEE’s first sodium-sulfur battery storage system
The groundbreaking 500 kW NAS battery-based energy storage system (ESS) has been successfully put into operation at windows, doors and blinds...
ECB steadies borrowing costs after year of hikes
The European Central Bank (ECB) left interest rates unchanged this week for the first time in over a year. Thursday was...
Slovak PM cancels military aid to Ukraine
Incoming Slovak Prime Minister Robert Fico did not waste time to state his positions on the war in Ukraine when he...
Revolut passes 10mn CEE customers
Revolut, the digital bank, has achieved a milestone by exceeding 10mn retail customers in the Central and Eastern Europe (CEE) region,...
ESG measures passed despite right-wing opposition
Despite being a climate and sustainability champion, the EU has been struggling to cement these values recently, and witnessed a close...
Orban meets Putin, ‘friend’ Xi, at One Belt and Road Forum in China
Chinese President Xi Jinping backed elevating relations with Hungary and after meeting Hungarian Prime Minister Viktor Orban in Beijing, called him a “friend”. ...
Polish election result shakes up CEE
Although Poland's ruling Law and Justice (PiS) received the most votes of any single party at the weekend elections, it was...
Austria, Romania in dispute over multibillion-dollar Black Sea gas field
A gas project off Romania's coast in the Black Sea has become the centre of a dispute between the country and...