Stock markets in Central and Eastern Europe (CEE) fell sharply after US President Donald Trump announced retaliatory tariffs on global imports on 2 April 2025, spooking the region's export-dependent economies and reviving fears of a wider economic slowdown. CEE Stock Market Weekly Performance to 7 April 2025 Most
The city of Krakow, south Poland, saw nearly 1,900 group layoffs in the first quarter of 2025, almost equalling the total for all of 2024, local media reported, citing official data. The dismissals, mostly affecting white-collar roles in finance, technology and business services, point to deeper structural changes in
Trying to figure out the rationale behind Trump’s “trade revolution”? Don’t bother, there isn’t one. It is rooted in delusion, yet the consequences are real, and already here for us all. What is coming has the potential to turn into a recession equal to the most destructive
Liberation Day is here. Trump has announced his tariffs targeting the US’s biggest trading partners, delivering one of the biggest blows to the global economy since the pandemic—and hitting the US especially hard. Likely countermeasures will target the heart of the US economy: its service sector - including
Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday 31 March, after Bosnia and Herzegovina (BiH) prosecutors ordered an international arrest warrant for his alleged flouting of the BiH Constitution. BiH is facing its biggest political challenge in years, as Dodik escalates a legal
A total of three US soldiers were found dead while a fourth remains missing after their armoured recovery vehicle became submerged in a peat bog during a NATO training exercise near the Belarusian border in Lithuania on 25 March 2025. The incident occurred at the General Silvestras Zukauskas Training Area
The US and Russia are discussing the potential reopening of the Nord Stream 2 gas pipeline, raising significant concerns across Europe, according to media reports. The natural gas pipeline, which runs beneath the Baltic Sea, aimed to double Russian gas exports to Germany. However, it has remained inactive since its
Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and the CEE startup ecosystem is now worth EUR 243bn, according to the CEE Startups 2025 report. While funding and valuations have surged in recent years, structural challenges remain, including geographic fragmentation, uneven investor coverage, and
Romania and Poland have gender pay disparities among the lowest in the EU, according to Eurostat data published this month. In Central and Eastern Europe (CEE), Romania and Poland recorded the smallest gender pay gaps in 2023, at 3.6% and 4.5% respectively — both well below the EU average
Estonian Defence Minister Hanno Pevkur pushed back on Tuesday against criticism of the country’s joint ammunition procurement strategy, defending multilateral arrangements as the most efficient way to ensure quick and cost-effective delivery. Pevkur, a member of the Reform Party, rejected claims that Estonia would have received munitions faster through
Croatian Economy Minister Ante Susnjar said state-owned oil pipeline operator Jadranski Naftovod (Janaf) could acquire Russia’s stake in Serbian oil company Naftna Industrija Srbije (NIS), calling the potential deal a “natural business symbiosis”, local media reported. Janaf transports around 80% of the crude oil refined by NIS at its
The European Commission (EC) has launched an inquiry into state support provided by Hungary to Chinese electric vehicle (EV) manufacturer BYD, as part of a broader investigation into foreign subsidies distorting competition in the EU. The preliminary probe, initiated on 19 March 2025, comes under the EU’s Foreign Subsidies
Central and Eastern Europe (CEE) is set for stronger economic growth in 2025, with GDP expected to expand by 2.6%, according to a report by Erste Group. The forecast marks an improvement from previous years, driven by higher consumer spending, increased investment, and inflows of EU funds. Poland boosted
As political landscapes shift across Central and Eastern Europe (CEE), governments are recalibrating their approaches to Ukraine, European security, and internal governance. The region remains split between pro-European integration and nationalist, often pro-Kremlin, forces: Czechia and Poland reinforce their commitments to Ukraine, while Hungary and Slovakia align with Moscow. Meanwhile,
Crowds flooded the streets of the Serbian capital of Belgrade on Saturday, 15 March, in the largest demonstration of the recent anger towards the government to date, and possibly the biggest protest in the Balkan country’s history. The students leading the protests are demanding government accountability regarding the collapse