Poland set to receive huge windfall as EU initiates dropping of Article 7 procedure
The EU will close its Article 7 procedure over democratic backsliding against Poland that was initiated in 2017 against the country’s...
Economy
Romania overtakes Hungary on PPP
Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were...
IMF report shows CEE catching up on southern European neighbours
Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the...
Hungary to ink at least 16 deals with China – FM
Chinese President Xi Jinping will commence a three-day visit to Hungary from Wednesday, 8 May, having arrived in France on Monday,...
CEE countries register EU’s highest, lowest inflation
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024, EU official statistics office Eurostat reports....
Chinese leader visits Hungary, Serbia in May
Chinese President Xi Jinping will visit Budapest, Hungary and Belgrade, Serbia, at the beginning of May. After a trip to France from May...
Romania moves to combat loss of southern arable land – Environment Minister
Romanian Minister of Environment, Waters and Forests Mircea Fechet warned of the need for action as rising temperatures continue to increase...
Romania earmarks EUR 400mn for SMEs
A total of EUR 400mn will be available to Romanian short- and medium-sized enterprises (SMEs) from 1 April, as the Start-Up...
Bosnian accession on EU agenda next week
The EU will recommend that member states open accession negotiations with Bosnia-Herzegovina (BiH), a candidate for membership since 2022, European Commission...
Romania rated BBB- by Fitch
The rating for Romania's long-term foreign currency debts is BBB- with a stable outlook, Fitch announced. According to the rating agency,...
V4 leaders agree on energy, immigration, but Russia remains elephant in room
The prime ministers of the Visegrad Four (V4) countries met in Prague, Czechia, for the first time in eight months, on...
Poland unlocks over EUR 100bn in EU funds
As of next week Poland can begin to access the around EUR 60bn of previously suspended COVID:19 pandemic and green funding and...
Polish FM floats new reparations solution
Poland will drop the USD 1.3tn (EUR 12.08) reparation demand made by the right-wing nationalist PiS government, which Polish Prime Minister...
CEE trade with Germany slumped in 2023
Germany’s business with Central and Eastern Europe (CEE) fell last year as the value of goods traded with the region’s 29...
Romania has overtaken Greece, Hungary – Economy minister underlines EU benefits
Romania has economically surpassed Greece, Hungary and is closing in on Poland, Romanian Economy Minister Stefan Radu Oprea underlined in a...
Hungarians increasingly displaced by guest workers – report
Foreign workers are increasingly replacing Hungarians across various sectors due to structural issues within the country’s economy. Government backing of lower-wage...
Hungary inflation to dip, GDP to rise this year – independent think tank
From Hungary's economic perspective, last year extended the trends observed in 2022, according to independent Hungarian think-tank Policy Solutions's annual report....
Czech inflation second highest ever in 2023
Czechia's rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country's second-highest annual inflation...
Belgian rope trick – EU presidency plan for Europe: ‘Protect, Strengthen, Prepare’
As Belgium assumed the EU presidency on 1 January, with a rallying cry of "Protect, Strengthen, Prepare", Belgian Prime Minister Alexander...
Poland applies to join EPPO as Tusk returns
Donald Tusk was elected as Poland’s prime minister as his government won a vote of confidence in the parliament on Tuesday,...