Economy

Hungary, EU agree conditional release of disputed funds

The Council of the European Union adopted legislation Friday on releasing funds for Hungary’s EUR 5.8bn Recovery and Resilience Facility…

2 years ago

New Latvian coalition focuses on economy, security

The centre-right New Unity party, led by Latvian Prime Minister Krisjanis Karins, finalised a coalition deal with the new centrist…

2 years ago

EU clears path for EUR 18bn loan to Ukraine

Next year the EU will provide Ukraine with EUR 18bn, circumventing Hungary's veto, the Council of the European Union announced…

2 years ago

EU green lights Croatia to join Schengen, snubs Bulgaria, Romania

Croatia will become the Schengen zone’s newest member on 1 January, the Council of the EU announced on Thursday, 8 December. Croatia…

2 years ago

Croatia plans partial Sunday shopping ban

Croatia has decided to introduce compulsory shop closures on Sundays, Croatian Employment and Family Minister Marin Piletic told reporters after…

2 years ago

EU moves to freeze Hungary funds, but real picture more nuanced

The European Commission (EC) opened the possibility for EU national leaders to punish Hungary in an upcoming vote on funding suspensions,…

2 years ago

VC financing of Lithuanian fintech quadruples – FT special report

Venture capital (VC) financiers invested EUR 71mn in Lithuanian fintechs in 2021, up from EUR 18mn in 2020, according to The…

2 years ago

Last chance for Hungary on EU funding

Hungary could lose billions of euros from its Recovery and Resilience Facility (RRF) funding entitlement after the European Commission (EC)…

2 years ago

Robotisation spreads in auto-heavy CEE

Robotisation has risen sharply in CEE, according to a new report entitled “How do Economies in EU-CEE Cope with Labour…

2 years ago

EC warns Slovakia to review 2023 budget or risk losing Covid-recovery funding

The European Commission (EC) told Slovakia on Tuesday to include spending limits in its state budget or risk endangering the…

2 years ago