Montenegrin President Milo Djukanovic took around one-third of the votes in Sunday’s presidential election ballot, well below the majority needed to avoid a second-round vote, according to the Centre for Monitoring and Research (CeMI) data based on 95.5% of processed votes. Djukanovic, 61, is one of Europe’s
Poland will send Ukraine four MiG-29 fighter jets in the coming days, with more to follow later, according to an announcement by Polish President Andrzej Duda on Thursday, 16 March. The move will make Poland the first NATO member country to fulfil the Ukrainian government’s increasingly urgent requests for
The average net salary in Romania was RON 4,254 (EUR 864) in January 2023, up 15% year-on-year, but down RON 144, or 3.3%, month-on-month, according to data published by the National Institute of Statistics (INS) on Wednesday 15 March, digi24.ro reported. However Romanians will not generally be
Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website Portfolio reported. Speaking about the MNB’s 2021 results in Parliament on Wednesday 9 March, Matolcsy said if inflation is due to external causes, then the central bank
Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year, according to National Institute of Statistics data, Romanian Prime Minister Nicolae Ciuca announced on Friday 10 March. “This demonstrates the confidence of investors in the Romanian economy,
Enel will sell its Romanian operations to Greek group Public Power Corp (PPC) for EUR 1.26bn, the Italian utility group announced Thursday, www.digi24.ro reported. Enel has a strategy of cutting its debts and focusing on green energies, the Romanian website noted. Enel said in a press release
German carmaker Volkwagen (VW) has put on hold its plans to open a battery plant in Central and Eastern Europe (CEE) citing better incentives offered by the US. VW reportedly told EU officials last week that it will prioritise a battery plant in the US as it can access subsidies
Estonian Prime Minister Kaja Kallas’s Reform Party (ER) secured both the most votes and most seats ever in a national election in the 1.3mn Baltic country on Sunday. Defence and Estonia’s inflation-related cost of living crisis were the main issues of the election campaign, which coincided with
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s 16th annual survey praises the Baltic country’s “effective policy response” to Covid, which meant “Estonia’s pandemic-period contraction was one of the smallest in Europe”, and
Estonian voters go to the polls on Sunday 5 March, after a campaign that focussed on the country’s cost of living crisis and national security in the wake of Russia’s invasion of Ukraine. On Wednesday, ahead of the vote to fill the 101-seat Parliament (Riigikogu), Estonian Prime Minister
Poland has extended the operational license of its highly-polluting Turow lignite mine by 22 years, the Czech Environment Ministry revealed on Wednesday. “According to our information, Poland has authorised the extension of mining until 2044, with a decision by its climate and environment minister from 17 February,” Czech Environment Ministry
Annual inflation in the EU was 10% in January, according to the latest report from EU statistics office Eurostat. Of the 12 countries with inflation rates above the EU average of 10%, 11 were from Central and Eastern Europe (CEE), with the highest annual inflation rates found in Hungary (26.
The EU on Saturday released its 10th package of sanctions against Russia targeting 87 individuals and 34 entities to mark the first anniversary of Russia’s full-scale invasion of Ukraine on 24 February 2022. The package aims to sever ties between the EU and Russia by more than EUR 10bn
Russia has ceased the supply of oil to Poland through the Druzhba pipeline, CEO of Polish oil refiner PKN Orlen Daniel Obajtek announced on Saturday, 25 February. The sudden suspension of oil supplies through the pipeline, which is exempt from EU anti-Russian sanctions, has the potential to impact Poland’s
Serbia is set to receive a EUR 600mn handout from the EU towards its around EUR 2.2bn reconstruction of the 230km Belgrade-Nis railway link, which will drastically cut journey times in Central and Eastern Europe (CEE). Spanning the country from north to south, Belgrade-Nis is a key travel route