Central European Times

Central European Times

New EC Proposal for Unified EU Corporate Tax

New EC Proposal for Unified EU Corporate Tax

Following two failed attempts in 2011 and 2016, this week the EU Commission presented its plans for the unification of the corporate tax rule book of member states. Decision-makers in Brussels decision intend to bring a halt to the race among EU member states to lower corporate taxes in their

Ambitious Hungarian Biotech Firm Fights Cancer With AI

Ambitious Hungarian Biotech Firm Fights Cancer With AI

“Turbine,” a biotech company simulating cell behavior with artificial intelligence, is combining two disciplines for which the country is renowned: biology and IT. Hungary’s first ever Nobel-prize winner was Albert Szent-Györgyi, a biochemist who invented vitamin C. Hungarian mathematician János Neumann is regarded as the father of computers. Can

Plan to Decarbonize Steel Production in Slovakia

Plan to Decarbonize Steel Production in Slovakia

1 min read Uncategorized

Slovakia now has plans for a drastic reduction of the emissions of its steel mill in the city of Košice, following Slovakia’s finance minister (and former PM) Igor Matovič’s high-level visit to the US owner of the facility, US Steel. The plan would replace the operation’s hydrocarbon-powered

Hungarian Start-ups: Tech-heavy and Optimistic

Hungarian Start-ups: Tech-heavy and Optimistic

More than 60% of Hungarian start-ups are using some sort of “deep tech,” according to the Hungarian Start-up Report conducted by Microsoft among 232 local start-ups. The top verticals were AI, Big Data, Fintech, Analytics/BI, IoT, and Medtech. The study strengthens a preconceived notion that Hungary has better resources

"EPPO" to Tamp Down on Europe-wide Corruption

"EPPO" to Tamp Down on Europe-wide Corruption

1 min read Uncategorized

As head of the new Luxembourg-based European Public Prosecutor’s Office (EPPO), Laura Codruta Kovesi is poised to lead a Europe-wide effort to curtail losses due to corruption, which she estimates amount to EUR 60 billion each year. From 2015-18, she led similar efforts in her native Romania, where she