Hungary has floated the idea of a tripartite agreement to supply Ukraine with natural gas flows through Hungary via liquefied natural gas (LNG) received at the terminal on the Croatian island of Krk. Following a meeting with his Croatian counterpart in Budapest, Hungary’s minister of Foreign Affairs and Trade,
A new study finds that the Czech Republic still has the most favorable conditions for manufacturing among countries in Europe. Worldwide, the country ranks 5th, behind China, India, the United States and Canada. The result is derived from a study, entitled Manufacturing Risk Index, carried out by the real estate
As in the rest of Europe, the cost of both buying and renting property has gone up in Central & Eastern Europe (CEE). Emerging Europe observes that within the region, the highest increases both for rental and purchase are being seen in Croatia, Slovakia, Poland and Estonia. One analyst notes
The Nord Stream II (NSII) natural gas pipeline will be completed, despite political opposition from Ukraine, Poland and the US – but a court challenge to how it operates may be another sticking point for the USD 11bn natural gas pipeline, which will deliver 55bcm of natural gas to Germany. That
Hungary will start producing Sputnik V, the Russian Covid-19 vaccine, in the city of Debrecen starting at the end of 2022, Russia’s foreign minister, Sergei Lavrov, and Hungary’s minister of Foreign Affairs and Trade, Péter Szijjártó, announced at a joint press conference in Budapest on Tuesday. Hungary is
Small, export-oriented countries may lose out to larger economies if a “minimum tax” proposal from the Organisation for Economic Co-operation and Development (OECD) remains unchanged. The proposal, backed by some 130 countries, would introduce a 15% minimum corporate tax globally to end the current “tax race to the bottom,” a
From May this year to July, 35,193 tourists arrived in Ukraine from Bahrain, Qatar, Kuwait, UAE, Oman and Saudi Arabia. More than 85% of all tourists from the Gulf region (29,809 people) are citizens of Saudi Arabia. This is eight times more than in the pre-crisis year of
Romania’s economy continued its robust post-pandemic recovery in the second quarter after already returning to pre-pandemic levels in the first quarter. The country’s gross domestic product (GDP) went up by 1.8% in the second quarter of this year compared to the previous quarter, marking the fourth consecutive
If you’re looking for a high-ranking university that enjoys the esteem of a Harvard, Stanford or Oxford there are better places to look than in the western Balkan countries, where one higher education institution has fallen out of a top 500 universities ranking. Emerging Europe reports that now not
The Belarusian government is trying to “instrumentalize human beings for political purposes,” interior ministers of the European Union warned in a joint statement after a video meeting on Wednesday. The emergency meeting requested by Lithuania was scheduled after the government there published a video of 12 Belarusian police officers armed
If you’ve ever been in the situation where your mobile phone is running out of power, but you forgot your charger at home – and the only one available to you has a different pin connection, the European Commission’s plans to harmonize mobile phone chargers might have a solution
Bulgaria, the poorest EU member state, is sliding into political chaos, throwing its ability to tap into badly needed EU economic recovery aid into question. Currently run by a caretaker cabinet with limited powers, appointed by president Rumen Radev, the country is on the brink of calling a third general
The Hungarian government is opposed to the introduction of a single EU carbon price and extension of the EU’s Emissions Trading System to households, namely buildings and the transport sector, according to state secretary for the Development of Circular Economy, Energy and Climate Policy, Attila Steiner, who noted that
Lots of extreme weather – including an increasing number of heatwaves, floods, etc. – is being forecast for Europe in the future, according to a dire climate scenario released this week by the UNs Intergovernmental Panel on Climate Change (IPCC). The report writes that high temperatures on the continent are set to
Two countries in Central & Eastern Europe (CEE), Bulgaria and Croatia, are on track to introduce the European common currency. In Sofia, politicians on both the left and right endorse the euro despite the looming government crisis, while Zagreb has even decided on its national symbols to be portrayed on