Dan Nolan

Chinese market leader CATL to build EUR 7.6bn battery plant in Hungary

The world’s largest battery maker, China’s Contemporary Amperex Technology (CATL), has agreed to build a three trillion forint (EUR 7.6bn)…

2 years ago

Russian oil deliveries to CEE resume after MOL intervention ends week-long stasis

Crude oil flows to Hungary, Slovakia and Czechia will recommence after Hungarian energy firm MOL paid the August transit fee…

2 years ago

Corruption not seen as major issue by majority of firms in Poland, Czechia, Austria- Ipsos poll

Corruption is considered a very serious problem by 59% of business leaders in Romania, the highest percentage in the EU,…

2 years ago

As CEE energy costs soar, IMF says customers should pick up the bill

The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills,…

2 years ago

Estonia top CEE country on EU’s digital progress tracker

Estonia is top in Central and Eastern Europe (CEE) and seventh in the EU as a whole in the new…

2 years ago

Bulgaria appoints interim PM, calls October election

Bulgarian voters are set to go to the polls for the fourth time in two years after President Rumen Radev…

2 years ago

Hungary makes energy crisis plans

The Hungarian government unveiled a number of energy-related measures at the weekend, in response to soaring prices and an impending…

2 years ago

Poland to ink multi-billion military supply deal with South Korea

South Korean defence manufacturers will sign contracts worth EUR 7.53bn with Poland before the end of the month, The Korea…

2 years ago

Inflation hits CEE harder than rest of EU

The EU annual inflation rate rose from 8.8% to 9.6% in June, the bloc's official statistics agency Eurostat reports. The…

2 years ago

CEE foreign ministers convene for energy, security talks

Austrian Foreign Minister Alexander Schallenberg said it is extremely important that the EU provide support to Africa, when he and…

2 years ago

Hungary declares energy emergency

The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday,…

2 years ago

Croatia to adopt euro next year, as Balkan country clears final hurdles

The EU formally approved on Tuesday Croatia joining the Eurozone on New Year's Day 2023, and proclaimed the development as…

2 years ago

Bruising week for CEE currencies ends with slight rises for zloty, forint, Czech crown

The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally,…

2 years ago

Croatia to get less Covid recovery funding after economic rebound in 2021

The European Commission (EC) will cut Croatia’s maximum share of the EU's Recovery and Resilience Facility (RRF) stimulus programme by…

2 years ago

Hungary leads EU for solar electricity generation

Hungary had the highest proportion of solar technology in its electricity production in the EU last year, according to the…

3 years ago

Inflation soars in the Baltics

Surging energy prices pushed prices up across the EU in June, but the three Baltic countries have been hardest hit,…

3 years ago

Bulgaria coalition on brink after just six months

Bulgarian Prime Minister Kiril Petkov is trying to save his administration by persuading seven MPs to support his coalition in…

3 years ago

Austria tries to get Serbia back on EU track

Austria’s foreign and European affairs minister said he expects the countries in the Western Balkans (WB) to join the EU,…

3 years ago

CEE urges more time for EU projects

Inflation is endangering EU-funded infrastructure constructions across Central and Eastern Europe (CEE), and affected countries say the European Commission (EC)…

3 years ago

Polish ‘train levitation’ firm among six CEE startups to secure EU innovation funding

The European Innovation Council (EIC) will award grants or equity investments of up to EUR 17.5mn to six “high potential”…

3 years ago