The expansion and modernisation of the NATO air base in Constanta, south-east Romania, symbolises the country’s growing strategic importance to NATO and the US, regional expert Ronald H. Linden writes in an article entitled “Romania is America’s new indispensable ally in Eastern Europe” in US politics daily The
Kosovo President Vjosa Osmani was involved in an altercation that became a diplomatic incident in Skopje, North Macedonia, where airport security demanded she hand over her mobile phone for scanning, on Thursday, 1 August. The incident began after the Kosovar head of state refused to hand her mobile phone to
Polish growth private equity firm bValue has successfully raised EUR 90mn for its third fund, significantly boosting its investment capacity. Particularly keen on exploring investment opportunities in Romania, bValue has a strategic focus on software, IT services, and e-commerce, and plans to invest between EUR 5mn and 15mn per project.
Central and Eastern Europe (CEE) is making notable strides in the e-commerce arena, driven by increasing digital adoption and a burgeoning online market, according to a recent analysis by Polish IT solutions provider Exorigo Upos. In 2023, CEE’s e-commerce penetration was 55%, lagging Western Europe’s 80%, underscoring the
The new report on rule of law and governance by the European Commission (EC) gives a mixed picture on Central and Eastern Europe (CEE) anti-corruption efforts, judicial independence, media freedom, and legislative practices. The EC’s Rule of Law Report 2024, its 5th, included assessments of developments in Bulgaria, Czechia,
Hungary has borrowed EUR 1bn (approximately USD 1.1bn) from Chinese banks earlier this year, according to the country’s debt management agency, AKK, local business website Portfolio reported, based on public data. The loan, taken on 19 April, is a 3-year, floating-rate agreement with the China Development Bank, the
Bulgaria has extended a helping hand to Hungary in managing the fallout from Ukraine’s recent ban on the transit of oil from Russia’s Lukoil, Hungarian Foreign Minister Peter Szijjarto, announced in Bucharest, Romania, on Wednesday 24 July. Szijjarto detailed how he and Bulgarian Energy Minister Vladimir Malinov had
Despite only starting its EU rotating presidency on 1 July, Hungary has already made it one of the more memorable of these ordinarily uneventful 6-month tenures. Hungarian Prime Minister Viktor Orban spent the first week of his presidency on a self-styled “peace mission”, when he visited Ukrainian President Volodymyr Zelenskyy,
Slovakia and Hungary have vehemently criticised Ukraine’s recent decision to halt the transit of Russian Lukoil oil to Hungary, with Hungarian Foreign Minister Peter Szijjarto describing it as “incomprehensible and unacceptable”. These sanctions prevent Lukoil from renting the Druzhba (Friendship) pipeline for transit purposes. As approximately 70% of the
Serbia would receive an annual EUR 31mn from mining rent at current prices, making the planned lithium mine project “not worth even the slightest risk” according to Serbian Academy of Sciences and Arts (SANU) economist Bosko Mijatovic. Lithium is considered a critical material by the EU and the US, due
Poland has an improved investment climate and access to EU funding are expected to support this revival, according to a new cautiously optimism report by ING Bank Slqski and the European Economic Congress (EEC). The report presents a comprehensive analysis of the current state and future prospects of investment in
Several CEE countries including Estonia, Latvia, Lithuania and Poland will only send officials to the meetings being arranged in Budapest to mark Hungary’s EU six-month stint at the rotating presidency this month. Discussions are ongoing in several other countries. Hungarian Prime Minister Viktor Orbán has received a lot of
US intelligence discovered earlier this year that the Russian government planned to assassinate Armin Papperger, the chief executive of German arms manufacturer Rheinmetall, which makes artillery shells and military vehicles for Ukraine, CNN reported. Rheinmetall is the largest and most successful German manufacturer of the vital 155mm artillery shells that
Lithuania’s outgoing government led by Prime Minister Ingrida Simonyte faced multiple crises over its four years in power, some of them natural, and others self-inflicted, local media wrote as she left office. Black swan events from the start Simonyte’s centre-right government took office amidst the Covid-19 pandemic in
Poland has called for border protection discussions within NATO as China and Belarus carry out their first ever joint military manouevres near the Polish border. Chinese soldiers carrying out “anti-terrorism training” in Belarus add a new dynamic to the security situation in Central and Eastern Europe, as Russia’s war