Austrian far-right FPO party wins election
Austria’s far-right Freedom Party (FPO) has won a landmark victory, claiming the largest share of votes and ending 20 years of...
MOL inks gas exploration deal in Azerbaijan
Hungary's MOL Group, along with its joint venture partners, has signed commercial agreements to advance the development of significant gas reserves...
Poland set for key budget role, as EU names commissioner-designates
After months of negotiations with EU member states, European Commission (EC) President Ursula von der Leyen revealed the lineup for her...
Intel postpones EUR 4bn Polish factory plan
US firm Intel has decided to delay its semiconductor plant project near Wroclaw, west Poland, until 2026 due to the company's...
CEE think tank envisages ‘pivotal role’ for region
The incoming EU administration should ensure that countries in Central and Eastern Europe (CEE) lever more influence in the bloc, Slovakia-based...
Korean firm to build EUR 16bn Czech nuclear plant
South Korea’s Korea Hydro & Nuclear Power (KHNP) will lead Czechia's largest-ever investment project when the Central and Eastern Europe (CEE)...
Slovakia hikes VAT to among EU’s highest
Slovak Prime Minister Robert Fico on Wednesday, September 18, reversed decades of opposition to tax hikes as his government amended VAT...
Lufthansa mulls AirBaltic purchase – report
Deutsche Lufthansa AG is looking into acquiring a stake in AirBaltic before the Latvian state-owned airline launches an initial public offering...
Orlen inks deal to secure LNG supplies to Poland, Baltics
Poland’s strategic energy giant PKN Orlen has signed a five-year exclusive deal with Lithuanian energy terminal operator KN Energies to up...
CEE braces for further flooding, as Storm Boris wreaks havoc
Polish Prime Minister Donald Tusk declared a state of disaster and confirmed that 1,600 people have been evacuated in Klodzko, south-west...
Saudi Arabia launches new business chamber to focus on CEE
Saudi Arabia has launched a new business council to deepen its economic ties with Central and Eastern Europe (CEE) and tap...
Rheinmetall to build EUR 180mn factory in Lithuania
Germany’s Rheinmetall will spend more than EUR 180mn on an ammunition manufacturing facility in Lithuania, the Lithuanian Economy and Innovation Ministry...
Von der Leyen pledges more EU on Balkans visit
European Commission (EC) President Ursula von der Leyen announced further EU flood recovery funding and reiterated the EU’s commitment to addressing climate...
Estonia joins CERN
The European Organization for Nuclear Research (CERN) officially welcomed Estonia as its 24th member state on Friday, 30 August. CERN said...
Moldovan industrial sector to get EU cash
A total of 59 companies have been awarded non-reimbursable funding totalling some MDL 25mn (EUR 1.3mn) as part of a MDL...
Poland unveils massive transport, energy, defence plans under 2025 budget
Polish Prime Minister Donald Tusk vowed to tackle inflation, drive record economic growth, and bolster key investments in energy and infrastructure...
AirBaltic to call IPO by year-end
Latvian national airline airBaltic is set to embark on its first-ever initial public offering (IPO) before the end of 2024. The...
Hungarian consortium’s purchase of Talgo blocked by Spain on security grounds
The Spanish government has vetoed Hungarian consortium Ganz-MaVag’s attempt to purchase Spanish train manufacturer Talgo, citing national security concerns, local media...
Polish companies, consortiums sign up to operate bottle recycling system
The new Polish deposit container-deposit system will launch in the autumn and be operated by eight enterprises, not six as earlier...
South Korea influence grows in CEE defence
As the EU assesses its defence strategies amidst escalating geopolitical tensions, South Korea has emerged as a significant player in the...