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...
Economy
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,...
Fico calls Ukraine ‘frozen conflict’
Slovak Prime Minister Robert Fico has reiterated his stance that Russia's war with Ukraine is insoluble, stoking fears that he could...
Czechia upped to stable rating, after delinking from Russian gas
US rating agency Moody's Investors Service has increased its outlook for Czechia from negative to stable, meaning a rating deterioration is...
Hungary may receive billion euros from EU
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday...
Bosnian leader hopeful on EU step by year end
Bosnia and Herzegovina (BiH) intends to fulfil the conditions set by the European Commission (EC) to open accession negotiations before the...
‘No new taxes’ as Romania cracks down on evasion
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections...
CEE inflation eases, but V4 still EU outliers
Hungary remained the EU's most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday...
Auto sector slides down large company list – Coface CEE Top 500 study
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European...
Moment of truth for Orban – ING’s report on Poland, Czechia, Romania, Hungary
Central and Eastern Europe (CEE) is becoming increasingly diversified, ING Bank writes in a new report on Poland, Czechia, Romania and...
Hungary MOU with Huawei angers US
A memorandum of understanding (MOU) signing between Hungary's 4iG and China’s Huawei, both controversial companies close to their respective governments, has...
Von der Leyen vows to double WB economies in decade
The EU will finance Western Balkans (WB) integration reforms to the tune of EUR 6bn, European Commission President Ursula von der...
ECB steadies borrowing costs after year of hikes
The European Central Bank (ECB) left interest rates unchanged this week for the first time in over a year. Thursday was...
Polish election result shakes up CEE
Although Poland's ruling Law and Justice (PiS) received the most votes of any single party at the weekend elections, it was...
IMF advises Romania to fight tax evasion
Romanian Prime Minister Marcel Ciolacu declared that he was happy after holding discussions with International Monetary Fund experts after their annual...
FMs back fast-tracked EU accession
The foreign ministers of Austria, Croatia, and Slovenia have published a joint article calling for "several concrete steps to be taken...
Greece adds another member – and sea – to Three Seas initiative
The members of the Three Seas Initiative (3SI) will gather for its annual summit, entitled 3SI Investing into a Resilient Tomorrow,...