Poland
Poland’s state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company is struggling to find alternative supplies for its Czech refinery and is losing millions of dollars every day, Polish daily Gazeta Wyborcza reports. PKN Orlen CEO Daniel Obajtek told
Economy
The Council of the European Union will send another EUR 1bn in support for ammunition and missiles for Ukraine as it increases the financial ceiling of its European Peace Facility (EPF) to EUR 7.98bn, it announced Friday, 5 May. The assistance under the EPF will further contribute to strengthening
Economy
The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the “devastating picture of consumption” in recent data from the Hungarian Statistics Office (KSH). At the beginning of 2023, the purchasing power of earnings fell 7-8% in Hungary, after wage increases
Czech Republic
The European Commission (EC) will propose a law to speed up weapons production in Europe, EC President Ursula von der Leyen said after a meeting with Czech President Petr Pavel in Prague on Tuesday, 2 May, Czech daily Hospodarske noviny (HN) reported. She said in a statement: “I am glad
Poland
Poland has signed with the UK a GBP 1.9bn export agreement to roll out a British short-range air defence system, the latter government announced on Friday, 28 April. According to the agreement, the UK will equip Poland with 22 air defence batteries with UK Common Anti-Air Modular Missiles (CAMMs)
Austria
Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently released data of the EU statistics agency Eurostat. Just behind the Baltic country were Czechia, with 81.3%, and Hungary (80.2%). The middle grouping of the EU member
Poland
“There will be more and more renewable energy in Poland and other European countries,” E.ON Polska president Andrzej Modzelewski said in an interview with Gazeta Wyborcza published on Saturday, 29 April. The energy company executive told the Polish daily that “at E.ON, unlike at other operators, we are
Bulgaria
Agriculture Minister Zdenek Nekula is right when he says Czech farmers are overplaying the role of Ukrainian wheat on their current travails, according to analysts cited by Czech business daily Hospodarsk Noviny (HN). In contrast to Poland, Slovakia, Bulgaria and Hungary, Czechia has rejected the idea of banning imports from
Poland
Poland’s pursuit of nuclear energy took another step forward last week as Polskie Elektrownie Jadrowe (PEJ) applied to the Polish Climate Ministry for a “decision-in-principle” on the construction of the country’s first large nuclear power plant. The decision would confirm that the investment in the plant is in
Czech Republic
Czech President Petr Pavel called for a “joint and balanced” strategy between the US, Europe, and other democracies to address China’s growing economic and political power while avoiding divisive lines between them, on Friday 21st April. During a visit to Brussels, Pavel discussed EU-US-China relations with European Council President
Bulgaria
Romanian Minister of Agriculture Petre Daea expressed solidarity with farmers from Poland, Hungary, Bulgaria and Slovakia – who all unilaterally stopped Ukrainian farm imports last week – after meeting his Ukrainian counterpart Mykola Solsky on Friday, 21 April, digi24.ro reported. However Daea said “we must make the rules together, not enter
Czech Republic
Czechia’s largest investment group PPF has acquired internet and television content provider Nej.cz from billionaire Karel Prazak’s Kaprain group. PPF made the purchase of Nej.cz, which has almost a quarter of a million active customers, through its Cetin concern, Hospodarske noviny (HN) reported. Prazak sold Nej.
