Hungary’s energy strategy has left it vulnerable to electricity price speculators – report
Hungary’s electricity market has become a focal point for speculative trading, driven by a combination of renewable energy imbalances and the...
Economy
CEE secures EUR 1.4bn in AI funding in 2023-24
Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups in the region raised EUR 1.4bn...
EU assesses candidates’ progress in ten country reports
The European Commission (EC) analyses the accession prospects of all ten prospective members of the EU in a new set of...
CEE mulls ramifications of Trump’s victory on trade, defence, environment
As Donald Trump officially declared his victory in the US election, he received congratulations from numerous Central and Eastern Europe (CEE)...
‘Budapest Declaration’ signed as Orban hosts EU summit
European leaders committed to developing a defence industry base and enhancing EU competitiveness at an informal European Council summit in the...
PKN Orlen CEE’s top firm on Coface 500 list
Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with 184 companies listed among the region's...
Bulgarian election delivers hung parliament
Bulgarian ex-prime minister Boyko Borissov’s conservative, pro-EU GERB (Citizens for European Development of Bulgaria) party garnered approximately 25% of the votes...
Romania oks EUR 150mn strategic infrastructure investment at Port of Constanta
Romania has approved “technical-economic indicators” for an over RON 750mn (EUR 150.8mn) rail construction project at the country's largest port Constanta,...
CEE sidesteps ‘middle-income trap’ – ING analysis
Central and Eastern Europe (CEE) economies have largely overcome the so-called middle-income trap, but face challenges around sustainable growth and convergence...
China, CEE strengthen strategic ties at summit
The sixth China and Central and Eastern European Countries Local Leaders' Meeting concluded on 16 October with a firm commitment between...
Serbian MPs vote against lithium mining ban, as Rio Tinto project edges closer
Serbian MPs voted down the enactment of a ban on lithium and boron exploration on Thursday, 10 October. An opposition-tabled House...
CEE’s evolving e-commerce landscape
Central and Eastern Europe (CEE) is catching up with Western Europe for e-commerce, but unique regional challenges and opportunities are shaping...
EU pushes Romania to modify energy price caps
The EU has called on Romania to amend its energy price-capping scheme, urging the government to allow gas and electricity producers...
Czech ‘crisis manager’ Sikela to helm EU’s answer to China’s Belt and Road Initiative
Czechia's former industry minister and crisis manager Jozef Sikela has been appointed to lead the EU’s EUR 300bn Global Gateway Strategy,...
Intel postpones EUR 4bn Polish factory plan
US firm Intel has decided to delay its semiconductor plant project near Wroclaw, west Poland, until 2026 due to the company's...
CEE think tank envisages ‘pivotal role’ for region
The incoming EU administration should ensure that countries in Central and Eastern Europe (CEE) lever more influence in the bloc, Slovakia-based...
Korean firm to build EUR 16bn Czech nuclear plant
South Korea’s Korea Hydro & Nuclear Power (KHNP) will lead Czechia's largest-ever investment project when the Central and Eastern Europe (CEE)...
Slovakia hikes VAT to among EU’s highest
Slovak Prime Minister Robert Fico on Wednesday, September 18, reversed decades of opposition to tax hikes as his government amended VAT...
Rheinmetall to build EUR 180mn factory in Lithuania
Germany’s Rheinmetall will spend more than EUR 180mn on an ammunition manufacturing facility in Lithuania, the Lithuanian Economy and Innovation Ministry...
Estonia joins CERN
The European Organization for Nuclear Research (CERN) officially welcomed Estonia as its 24th member state on Friday, 30 August. CERN said...