A new sector emerges in CEE, as companies anticipate compulsory ESG reports
Having committed to becoming the first climate-neutral continent by 2050, the EU faces a major challenge and companies will have to...
Electric cars overtake diesel in Romania
Electric and hybrid cars are gaining ground in Romania, as the segment represented over 20% of all new cars sold in...
Polish auto industry posts record numbers
The Polish automotive industry grew by over 21.5% last year to hit an all-time high of EUR 39.7bn, Gazeta Wyborcza reported,...
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, which...
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. Odor's...
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 companies,...
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 large...
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 May....
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 is...
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 it...
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 “devastating...
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 Leyen...
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, the...
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 released...
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 in...
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 current...
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 Climate...
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 China’s...
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 stopped...
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 made...