Hungary could realistically replace Russian gas imports, according to local analysts, who say its dependence is reliant on the will of Hungarian politicians and economic players. Gas supply already shifting away from Russia Hungary’s procurement of sources has broadened and the partial replacement of Russian gas has begun, local
The number of pay TV subscribers in Eastern Europe will decline by 8mn from its peak of 81mn in 2018, to 73 million by 2028, according to a new report by Digital TV Research. However, the figures for 2018 included 17mn analogue-cable subscribers, which will have dropped to zero
NATO’s annual report for 2022 reveals that only 7 countries of the 30-country defence alliance met the military spending target of 2% of GDP. A total of five of the seven countries that reached the target are from the Eastern side of Europe: Lithuania, Poland, Estonia, Latvia and
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
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
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
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
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
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
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
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.