Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may be more resilient to global trade tensions from US tariff policies, than previously assumed, ING bank writes in a new report. Economies have shown resilience - ING While CEE's close ties with Germany
Slovenia is at the centre of a strategic struggle between France and the US, as both nations seek to secure a contract to build the Krsko 2 nuclear reactor. The estimated EUR 11bn project aims to bolster energy security across Central and Eastern Europe (CEE) and align with Slovenia'
The European Commission (EC) has chosen 47 strategic projects across the EU to reduce critical raw material dependency, with Czechia, Estonia, Poland, and Romania at the forefront, marking a significant boost to regional competitiveness amid intensifying geopolitical tensions. The EC’s selections are critical to the industrial future of Central
An outbreak of foot-and-mouth disease (FMD) has prompted mass animal culls and tightened border controls across Central and Eastern Europe (CEE). The breakout represents the first significant detection of FMD in Hungary and Slovakia in over five decades. Since Hungary confirmed its first case at a dairy farm in Gyor-Moson-Sopron
Hungary has broken ranks with the EU in response to the US's new tariffs policy, as Hungarian Prime Minister Viktor Orban seeks to preserve close ties with the Trump administration amid the resultant trade tensions. Hungary pushes back on retaliatory tariffs The EU confirmed on 9 April that
Attendees from Central and Eastern Europe (CEE) nations including Bulgaria, Hungary, Romania, Poland, Czechia, Slovakia, Moldova and others discussed policy priorities at the Antalya Diplomacy Forum in south west Turkey on 11-13 April. The forum's theme "Reclaiming Diplomacy in a Fragmented World" set the tone for
Serbian President Aleksandar Vucic nominated political newcomer Duro Macut, a 62-year-old endocrinologist and university professor, to serve as the country’s next prime minister on Monday, 7 April. The nomination comes amid ongoing mass protests demanding political accountability for governmental scandals and infrastructure failures. Macut’s nomination was announced weeks
When Croatia, Albania and Kosovo recently formed a new military alliance, Serbia and Hungary followed suit, reshaping the security situation in South East Europe. Serbian Defence Minister Bratislav Gasic and Hungarian Defence Minister Kristof Szalay-Bobrovniczky earlier this month signed a bilateral military cooperation agreement in the Serbian capital of Belgrade.
Stock markets in Central and Eastern Europe (CEE) fell sharply after US President Donald Trump announced retaliatory tariffs on global imports on 2 April 2025, spooking the region's export-dependent economies and reviving fears of a wider economic slowdown. CEE Stock Market Weekly Performance to 7 April 2025 Most
The city of Krakow, south Poland, saw nearly 1,900 group layoffs in the first quarter of 2025, almost equalling the total for all of 2024, local media reported, citing official data. The dismissals, mostly affecting white-collar roles in finance, technology and business services, point to deeper structural changes in
Trying to figure out the rationale behind Trump’s “trade revolution”? Don’t bother, there isn’t one. It is rooted in delusion, yet the consequences are real, and already here for us all. What is coming has the potential to turn into a recession equal to the most destructive
Liberation Day is here. Trump has announced his tariffs targeting the US’s biggest trading partners, delivering one of the biggest blows to the global economy since the pandemic—and hitting the US especially hard. Likely countermeasures will target the heart of the US economy: its service sector - including
Republika Srpska (RS) President Milorad Dodik announced that he had arrived in Moscow on Monday 31 March, after Bosnia and Herzegovina (BiH) prosecutors ordered an international arrest warrant for his alleged flouting of the BiH Constitution. BiH is facing its biggest political challenge in years, as Dodik escalates a legal
A total of three US soldiers were found dead while a fourth remains missing after their armoured recovery vehicle became submerged in a peat bog during a NATO training exercise near the Belarusian border in Lithuania on 25 March 2025. The incident occurred at the General Silvestras Zukauskas Training Area
The US and Russia are discussing the potential reopening of the Nord Stream 2 gas pipeline, raising significant concerns across Europe, according to media reports. The natural gas pipeline, which runs beneath the Baltic Sea, aimed to double Russian gas exports to Germany. However, it has remained inactive since its