Central European Times

Central European Times

Croatian premier u-turns on Eurozone

Croatian premier u-turns on Eurozone

“The benefits of euro adoption would outweigh the disadvantages,” Croatian President Zoran Milanovic announced after meeting George Vella, his opposite number in Malta, on Wednesday. Croatia’s head of state opposed joining the Eurozone throughout his 2019 presidential campaign, local media noted. Milanovic explained that Malta, which adopted the currency

Ex-Croatia PM, MOL chief get jail terms for INA bribery case

Ex-Croatia PM, MOL chief get jail terms for INA bribery case

1 min read Croatia, Hungary, INA, MOL

Croatia’s Supreme Court sentenced MOL chairman-CEO Zsolt Hernadi and the country’s former prime minister Ivo Sanader to prison sentences for bribery on Monday. Hernadi paid Sanader EUR 10 million in bribes in 2008-09 to secure Hungarian energy firm MOL’s management rights in its Croatian peer INA, the

Regional economies are recovering - Vienna Institute

Regional economies are recovering - Vienna Institute

1 min read Uncategorized

A leading think-tank has upped its growth forecast for Central, East and Southeast European economies this year to 5.4%, up from 4% in the summer in 2021. The region’s smaller services sector and looser COVID restrictions have been drivers in good economic performance, the Vienna Institute for International

East-West-divide defines EU summit agenda

East-West-divide defines EU summit agenda

3 min read Featured

The East-West divide will be conspicuous on the agenda when EU heads of state and government gather at the bloc’s formal summit in Brussels on Thursday. While Hungary and Poland dispute the suspension of COVID recovery fund disbursements, the Western and Nordic European countries are pushing for the EU