Central European Times

Central European Times

Budapest-Belgrade railway project hits buffers

Budapest-Belgrade railway project hits buffers

3 min read Hungary, Serbia, Meszaros

The future of a multi-billion dollar Budapest-Belgrade rail construction has been thrown into doubt after Hungary redirected its equipment and workforce to address a deteriorating railway line between Budapest and Gyor, west Hungary. According to reports, the Chinese have ceased financing the construction, and their employees halted work. Companies owned

Romania may sue Austria over Schengen

Romania may sue Austria over Schengen

1 min read Austria, Romania, schengen

Romanian Prime Minister Marcel Ciolacu on Monday 18 September issued a warning to Austria, stating that if Austria does not remove its veto on Romania’s Schengen accession bid by December, Romania will take the matter to the EU Court of Justice. Austria has been blocking the entry of Romania

Romanian PM announces joint business forum with Germany later this month

Romanian PM announces joint business forum with Germany later this month

3 min read Germany, Romania, FDI

Romania’s development and evolution are defined by resilience, sustainability, transparency, equity and efficiency, Romanian Prime Minister Marcel Ciolacu told the Annual Meeting of Romanian Diplomacy last week.  Romania must enter as many foreign markets as possible, Ciolacu said, and he asked Romanian Foreign Minister Luminita Odobescu to initiate a

Polish leaders trade pledges as election nears

Polish leaders trade pledges as election nears

Poland’s leading political parties made election promises on Saturday, 9 September, as the conservative nationalist ruling Law and Justice (PiS) party and the opposition Civic Coalition (KO) held conferences ahead of the national elections on 15 October.   PiS, in power since 2015, is striving to win a third term,

Greece adds another member - and sea - to Three Seas initiative

Greece adds another member - and sea - to Three Seas initiative

2 min read Economy, 3si

The members of the Three Seas Initiative (3SI) will gather for its annual summit, entitled 3SI Investing into a Resilient Tomorrow, Business Forum 2023, on Wednesday and Thursday 6-7 September. The 3SI groups Central and Eastern European (CEE) nations located between the Baltic, Black, and Adriatic seas: Estonia, Latvia, Lithuania,

E-Estonia rakes in tax revenue, ready for revamp

E-Estonia rakes in tax revenue, ready for revamp

3 min read Economy, Estonia, e-estonia

In the first half of 2023, businesses owned by Estonian e-residents contributed EUR 37.7mn in tax revenue, a 57% increase compared to the same period in 2022. The majority of these tax contributions, accounting for 55% or EUR 20.6mn, originated from labor taxes paid by e-resident companies registered