The fourth Budapest Climate Summit on December 4, brought together over 40 speakers from 25 countries to discuss climate change challenges and opportunities in Central and Eastern Europe (CEE). At the summit, Attila Steiner, Hungary’s State Secretary of Energy and Climate Policy, spoke about Hungary’s achievements in reducing
In a decisive transition, Poland bids farewell to the Law and Justice (PiS) party’s tumultuous eight-year reign as Donald Tusk prepares to resume leadership, promising a revolution in domestic politics and the nation’s global relations. Tusk emphasised the need to restore the rule of law and avoid further
Serbia will head up the Central European Free Trade Agreement (CEFTA) in 2024 and boost regional connectivity and trade relations to benefit economies and people’s quality of life, Serbian Trade Minister Tomislav Momirovic said at the CEFTA Week 2023 conference in the Montenegrin capital of Podgorica on Thursday. With
Bulgarian populist formation There Is Such a People (ITN) has declared its intention to align with the centre-right European Conservatives and Reformists (ECR) if it wins seats at the EU elections next June. Formed 2 years ago and currently polling at around 5%, ITN stands a real chance of securing
Hungary’s Indotek Group acquired a 47% stake in the French grocery hypermarket chain Auchan last week. Group founder-owner Daniel Jellinek, one of Hungary’ s richest men, said Auchan could realistically now become a top-three player on the Hungarian retail market. It is currently the ninth largest retail chain in
The EU has selected seven projects to co-fund 5G transport corridors connecting regions throughout Europe, improving road, rail, inland waterways, and multimodal transport. They will support 5G infrastructure deployment over cross-border sections of 5G corridors and ensure service continuity when border crossing. Central and Eastern Europe (CEE) is well represented
Slovak Prime Minister Robert Fico has reiterated his stance that Russia’s war with Ukraine is insoluble, stoking fears that he could form part of a pro-Kremlin lobby in the EU. After meeting with Czech Prime Minister Petr Fiala, Fico called the war a “frozen conflict” that cannot be solved
US rating agency Moody’s Investors Service has increased its outlook for Czechia from negative to stable, meaning a rating deterioration is not expected in the foreseeable future. Moody’s justified this as mainly due to Czechia’s significant reduction of risk in connection with gas supplies from Russia. The
US pharmaceutical firm Pfizer has initiated legal proceedings against the Polish government, asserting that it failed to fulfil payment obligations for some 60mn doses of its COVID-19 vaccine. The litigation, scheduled for its preliminary court hearing on December 6, centres around the contentious contract between Pfizer and the European Commission
Bulgaria placed bottom in the EU for recycling disused ICT devices, in a survey conducted in 2022 by EU official statistics office Eurostat. Only 3.4% recycle their old desktop computers in Bulgaria. Sweden (29%) recycles the most old desktop computers, ahead of the Netherlands (27%). Austria was the highest
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday 23 November. The plan details spending for the EU’s one-off supplementary recovery fund, which, like most EU member states, the Hungarian government began to revise in August. The
Bosnia and Herzegovina (BiH) intends to fulfil the conditions set by the European Commission (EC) to open accession negotiations before the end of the year, BiH leader Borjana Kristo said in an interview with Euractiv. She was speaking after a EC candidates’ progress report gave BiH a conditional green light
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections expected in around a year. “I said very clearly that there will be no new taxes next year,” Ciolacu said at the opening of a government meeting. “I want
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 17, November revealed. On the upside, this was the first time Hungary’s inflation rate had fallen to single digits since April 2022. The EU’
Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value of the group to HUF400bn (USD 1.15bn). In a statement, 4iG Chairman Gellert Jaszai said: “One of the key objectives of the transformation process is to monetise the excess