Albania and North Macedonia are on the march towards EU accession talks, according to the latest annual European Commission (EC) progress report that assesses the membership chances of those two Western Balkan countries as well as Serbia, Kosovo, Montenegro, and Bosnia and Herzegovina, which are collectively known as the WB6.
Czech start-up Rossum will receive USD 100 million in venture capital from a consortium – including General Catalyst, one of the US’s biggest VC funds – to support its AI document-processing software. Rossum processes data and devises steps based on that content, reducing manual data entry work by 90%, according to
Czech President Milos Zeman – who was hospitalised on 10 October, the morning after the general election – remains incapable of performing his official duties and could now have his powers removed to enable the formation of new cabinet. Opposition politicians are now discussing triggering Article 66 of the Constitution, which transfers
Russia has announced that it will suspend its NATO mission in Brussels after the western military alliance expelled eight employees for being “undeclared Russian intelligence officers” earlier this month. Russian Foreign Minister Sergei Lavrov admitted that the move is retaliatory, and his country will also withdraw accreditation of NATO staff
After years of non-engagement, the outgoing Czech Prime Minister Andrej Babis appears to have discovered a new-found enthusiasm for the “Three Seas Initiative” (TSI), and is set to plunge EUR 20 million into a controversial TSI project. The TSI was created to improve connections among 12 EU member states including
Volkswagen will decide on the location of a new battery cell plant in Central and Eastern Europe in the first half of 2022, the German carmaker announced. Each of the V4 countries – Hungary, Poland, Slovakia and the Czech Republic – are in the running to host the facility. Volkswagen has announced
Peter Marki-Zay, the 49-year-old conservative mayor of Hodmezovasarhely, south Hungary, was announced as the winner of the Hungarian opposition primaries on Sunday night. He told cheering crowds in downtown Budapest that “our task now is to convince those who are undecided and even bring over disappointed Fidesz voters, in order
Slovakia’s capital city Bratislava is having difficulty getting EU funding after the rapid rise in its GDP per capita in recent years. As with many Central and Eastern European capitals, Bratislava’s wealth has climbed well above the EU average, meaning that the city no longer qualifies for EU
Around 58% of Bulgarians oppose adoption of the Euro as their country’s currency, according to a poll conducted by Trend Agency. Just 21% would back their country joining the Eurozone, while the same percentage are undecided on the matter, the Bulgarian pollster found. Some 71% of respondents said Euro
President Vladimir Putin brushed off accusations that Russian-state-owned Gazprom is responsible for soaring energy prices across Europe at an energy conference in Moscow this week. European energy commissioner Kadri Simson says Gazprom has not boosted short-term supplies of natural gas that could bring down prices. Putin insists that Gazprom is
US authorities were called by European airlines on Wednesday to set a date for reopening and to agree a list of mutually recognized coronavirus vaccines. Earlier in September, US president Joe Biden promised to make the reopening reality in November, primarily for EU citizens. Washington is planning to check full
To date, on Tuesday the European Commission issued the world’s largest green bond package worth EUR 12 billion, raising funds from the financial markets to finance the green parts of its EUR 800 billion coronavirus recovery fund. The latest bond issuance is the fifth in a row since June
Hungary has decided against a plan to expand the country’s ownership of agricultural land in some of its neighbors like Slovakia, through a EUR 400 million fund. The government said the land purchases were designed to support the agricultural activities of ethnic Hungarian minorities in Hungary’s immediate neighbors.
Germany’s VW is planning on building six battery factories in Europe by 2030, and one of those facilities is likely to land in one of the Visegrad 4 (“V4”) group countries – the Czech Republic, Hungary, Poland or Slovakia – but the actual decision hasn’t yet been made. Wherever the
The Organisation for Economic Co-operation and Development (OECD) and the Biden administration have brokered a compromise on the plan to introduce a global corporate tax regime with the three low-corporate tax states that had been holding out on the agreement. With Ireland, Estonia and Hungary now onboard, the ambitious measure