Economy

MEPs to vote on rule of law in Hungary, as EC mulls next move on suspended funds

As the September 21 deadline approaches, leaders in Brussels are split on whether to finally unlock billions of euros that…

2 years ago

Ukraine, Kosovo, security on agenda at Open Balkan summit

European Commissioner Oliver Varhelyi said the EU’s EUR 29bn investment package for the Western Balkans “has the potential to transform…

2 years ago

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

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

Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis

Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central…

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

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