Finance

Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis

Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central…

2 years ago

Polish ‘train levitation’ firm among six CEE startups to secure EU innovation funding

The European Innovation Council (EIC) will award grants or equity investments of up to EUR 17.5mn to six “high potential”…

2 years ago

Hungary to levy windfall taxes on banking, energy, telcos, airlines, retail, pharma, ads

Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will…

2 years ago

EU bans Russian ships from Europe’s ports

The EU banned Russian seafaring vessels from entering European ports, as it approved its fifth tranche of sanctions against Russia…

2 years ago

As West tightens screws on Moscow, CEE countries hunker down

On early Friday, Al Jazeera reported that Russian forces had sent missiles into Kyiv and other locations in Ukraine. Stating…

2 years ago

EC okays Hungary funding Korean plant

The European Commission (EC) has greenlit Hungary extending EUR 24 million in state aid towards the expansion of a South…

2 years ago

EU to help Moldova pay bills with EUR 150m aid

Aspirant EU-member Moldova could receive EUR 150 million from the bloc after the European Commission approved funding on Tuesday. The…

2 years ago

Montenegro ponders how to pay off massive infrastructure debt to China

Construction of the Mateševo-Smokovac section of Montenegro's 41-kilometre long Bar-Boljare highway is set to be finished in January 2022. Now,…

2 years ago

EU makes move into venture capitalism

In an unprecedented development, the EU will make significant investments in new small and medium-sized enterprises as part of the…

2 years ago

Polish, Hungarian currencies take a beating

Poland's currency, the zloty (PLN), saw a 12-year low against the euro, while the Hungarian forint (HUF) also plunged to…

2 years ago