VW delays CEE battery plant, as US sweeteners lure firms over the pond
German carmaker Volkwagen (VW) has put on hold its plans to open a battery plant in Central and Eastern Europe (CEE) citing...
Kallas wins big in Estonian election
Estonian Prime Minister Kaja Kallas’s Reform Party (ER) secured both the most votes and most seats ever in a national election...
Lithuania decade’s most improved country in region, leading prosperity report finds
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s...
Kallas ahead in polls as Estonians cast their ballots
Estonian voters go to the polls on Sunday 5 March, after a campaign that focussed on the country's cost of living...
Poland oks Turow mine’s permit till 2044
Poland has extended the operational license of its highly-polluting Turow lignite mine by 22 years, the Czech Environment Ministry revealed on...
EU’s highest inflation in Hungary, Baltics
Annual inflation in the EU was 10% in January, according to the latest report from EU statistics office Eurostat. Of the 12...
EU imposes new sanctions on Russia
The EU on Saturday released its 10th package of sanctions against Russia targeting 87 individuals and 34 entities to mark the...
Russia cuts oil supply to Poland
Russia has ceased the supply of oil to Poland through the Druzhba pipeline, CEO of Polish oil refiner PKN Orlen Daniel...
Serbia gets its biggest ever EU grant for Belgrade-Nis rail revamp
Serbia is set to receive a EUR 600mn handout from the EU towards its around EUR 2.2bn reconstruction of the 230km Belgrade-Nis...
Orban slams EU for withholding funds for Hungary, Poland
Hungarian Prime Minister Viktor Orban criticized the EU for imposing new sanctions instead of providing assistance and for depriving Hungary and...
Pavel not hopeful on Ukraine victory this year
Ukrainian President Volodymyr Zelenskyy urged the Western world to send more help when he opened the Munich Security Conference (MSC) from...
EU goes legal with Poland over rule of law
The European Commission (EC) has referred Poland to the Court of Justice of the European Union (CJEU) for violating EU law,...
Moldova closes airspace, accuses Russia of coup plot
Moldova shut down its airspace for three hours on Tuesday, 14 February, one day after the country’s head of state accused...
Hungarian ‘megabank’ gets green light
A new Hungarian bank is set to emerge from the merger of MKB Bank and Takarekbank as overseen by Magyar Bankholding...
Moldovan defence advisor set to become PM
Dorin Recean, a pro-Western defence expert and former interior minister, is expected to become Moldova's new prime minister after receiving Parliament's approval this...
Joint letter says Russian assets should rebuild Ukraine
Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from the...
US okays massive arms deal with Poland
The Polish government received approval from the US State Department for a potential USD 10bn weapons deal aimed at modernising its...
EU widens embargo on Russian diesel, oil
The European Union expanded its ban on Russian diesel fuel and refined oil products with immediate effect on Sunday 5 February,...
Hungary bails out steelmaker Dunaferr
Hungarian Prime Minister Viktor Orban met with a working group aiming to save the indebted steel company Dunaferr on Wednesday, 1...
OTP snaps up Slovene bank, plans merger to create market leader
OTP Bank has been cleared by Slovenian Competition Protection Agency (AVK) to acquire Nova Kreditna Banka Maribor (NKBM), Slovenia's second largest...