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 for...
Economy
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 in...
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 action...
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) with...
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, to...
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 announcement...
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 144,...
Hungarian central bank chief repeats criticisms of Orban’s economic policy
Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website...
Romanian investments up in 2022 – PM
Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year, according...
VW delays CEE battery plant, as US sweeteners lure firms over the pond
German carmaker Volkwagen (VW) has put on hold its plans to open a battery plant in Central and Eastern Europe (CEE) citing...
Lithuania decade’s most improved country in region, leading prosperity report finds
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s...
EU’s highest inflation in Hungary, Baltics
Annual inflation in the EU was 10% in January, according to the latest report from EU statistics office Eurostat. Of the 12...
Orban slams EU for withholding funds for Hungary, Poland
Hungarian Prime Minister Viktor Orban criticized the EU for imposing new sanctions instead of providing assistance and for depriving Hungary and...
Joint letter says Russian assets should rebuild Ukraine
Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from the...
Estonia tops TI’s Corruption Perceptions Index in CEE, Hungary bottom
So often the exemplar in Central and Eastern Europe (CEE), Estonia has been named the region’s most transparent country in the...
Credit rating agencies Fitch, S&P, demote Hungary
Standard & Poor’s (S&P) downgraded Hungary's credit rating by one step to the lowest investment grade of BBB- on Friday, partly...
Hungary secures EUR 1.6bn Vodafone purchase
Hungary has finalised a deal to acquire Vodafone Europe’s Hungarian unit for HUF 660bn (EUR 1.6bn) in the largest state purchase...
Baltic inflation ‘canary in the coal mine’ for rest of Europe in 2023
The three Baltic countries are the worst hit by the wave of inflation in Europe, according to the latest flash estimate from the...
Hungary, Poland hope law reforms will see EU unfreeze billions in funding in 2023
The EU last year attempted to address the erosion of perceived democratic norms of the populist governments of Hungary and Poland,...
Czech EU presidency hailed as ‘big success’
Czechia received near universal acclaim as it completed its stewardship of the presidency of the Council of the EU, which will...