Economy

Hungary gov’t reacts to shrinking retail sector with compulsory price cuts

The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the…

12 months ago

Czechia, Hungary, Estonia top for employment in CEE – Eurostat report

Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently…

1 year ago

Pavel wants Czechs to play key role in Western response to resurgent China

Czech President Petr Pavel called for a "joint and balanced" strategy between the US, Europe, and other democracies to address…

1 year ago

EU plan to source local raw materials will boost mining, battery industries in CEE – CET analysis

The EU’s mooted 'critical raw materials (CRM) law' would strengthen the EU’s autonomy by reducing its reliance on third countries…

1 year ago

Croatia tops European tourism poll

Croatia had the highest share of tourism in total gross value added (GVA) at 11%, EU statistics office Eurostat finds…

1 year ago

Poland, Hungary halt Ukraine farm imports

Poland and Hungary have temporarily ceased importing Ukrainian grain and other agricultural produce, defying warnings from the EU that unilateral…

1 year ago

Polish PM backs alliance with Romania, Ukraine

Prime Minister Mateusz Morawiecki laid out his hopes to build a new economic community in Central and Eastern Europe (CEE)…

1 year ago

Mixed prospects in region for pay-TV industry, new research finds

The number of pay TV subscribers in Eastern Europe will decline by 8mn from its peak of 81mn in 2018,…

1 year ago

Poland to supply Ukraine with fighter jets

Poland will send Ukraine four MiG-29 fighter jets in the coming days, with more to follow later, according to an…

1 year ago

Inflation swallows up pay hikes in Romania

The average net salary in Romania was RON 4,254 (EUR 864) in January 2023, up 15% year-on-year, but down RON…

1 year ago