Baltic countries
Germany’s Rheinmetall will spend more than EUR 180mn on an ammunition manufacturing facility in Lithuania, the Lithuanian Economy and Innovation Ministry said. The production unit is expected to produce tens of thousands of rounds of ammunition per year. Last week the Lithuanian economy and finance ministries said another EUR
Albania
European Commission (EC) President Ursula von der Leyen announced further EU flood recovery funding and reiterated the EU’s commitment to addressing climate change, in Slovenia on Monday, 2 September. On a tour of the Balkans, von der Leyen visited northern Slovenia, which was hit by flooding in November 2023.
Baltic countries
The European Organization for Nuclear Research (CERN) officially welcomed Estonia as its 24th member state on Friday, 30 August. CERN said Estonia’s joining represents “a significant milestone in the organisation’s history and furthering its commitment to international scientific cooperation”, adding that it “culminates a formal application process that
Eastern Europe
A total of 59 companies have been awarded non-reimbursable funding totalling some MDL 25mn (EUR 1.3mn) as part of a MDL 544mn (EUR 28.29mn) EU-led stimulation initiative. Since the beginning of the year, the Organization for Entrepreneurship Development (OED) has already facilitated grants of over MDL 144mn to
Business
Polish Prime Minister Donald Tusk vowed to tackle inflation, drive record economic growth, and bolster key investments in energy and infrastructure when he unveiled the country’s 2025 budget on Friday, 30 August. Tusk said his government has set a high bar for the budget. “We aim to keep inflation
Baltic countries
Latvian national airline airBaltic is set to embark on its first-ever initial public offering (IPO) before the end of 2024. The decision was confirmed by the government during a closed session on Friday, 30 August. The IPO will be conducted alongside negotiations with an unnamed “strategic investor”. The Latvian state
Business
The Spanish government has vetoed Hungarian consortium Ganz-MaVag’s attempt to purchase Spanish train manufacturer Talgo, citing national security concerns, local media reported. Ganz-Mavag, which includes Hungary’s state fund Corvinus, made a EUR 619mn public tender offer for the maker of the iconic Alta Velocidad Espanola (AVE) high-speed trains
ESG
The new Polish deposit container-deposit system will launch in the autumn and be operated by eight enterprises, not six as earlier reported, although only three are currently licenced. The Polish Ministry of Climate and Environment said it will increase inspections in the lead up to the systems going operational in
Baltic countries
As the EU assesses its defence strategies amidst escalating geopolitical tensions, South Korea has emerged as a significant player in the Central and Eastern Europe (CEE) defence market. Korea makes strategic defence exports to CEE South Korea’s defence industry has gained notable traction in CEE, where countries are upping
Austria
Romanian Prime Minister Marcel Ciolacu has requested that his country’s upcoming European Commissioner focuses on economic policies, following a meeting with European Commission (EC) President Ursula von der Leyen in Brussels on Thursday. “I want a portfolio that is highly relevant, given that we are the sixth largest country
News by country
Indian Prime Minister Narendra Modi discussed collaborations on AI and startups with Poland during his recent tour of Central and Eastern Europe (CEE). Modi’s visits to Poland and Ukraine, occurring just weeks after a contentious meeting with Russian President Vladimir Putin in Moscow, highlight India’s attempt to maintain
Business
Hungary is rushing to safeguard its energy security following Ukraine’s sanctions on Russian oil company Lukoil, and is in active discussions to guarantee alternative supply routes, according to the country’s top diplomat. Szijjarto concerned over energy supplies Despite protests from Budapest and Bratislava, the European Commission (EC) has
