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...
Foreign direct investment
VC financing of Lithuanian fintech quadruples – FT special report
Venture capital (VC) financiers invested EUR 71mn in Lithuanian fintechs in 2021, up from EUR 18mn in 2020, according to The Financial...
Venture capital investment in CEE doubled in two years – report
Central and Eastern Europe (CEE) is one of the fastest growing regions in Europe by enterprise value and has grown by...
Qatar to open embassy in Czech capital
Czechia and Qatar signed bilateral agreements on Wednesday, as the Gulf state announced that it will open its first embassy in...
Onsemi invests USD 450mn in semi-conductor foundry in Czechia
Onsemi inaugurated the expansion of its silicon carbide (SiC) semiconductor fabrication plant in Roznov, east Czechia, on Wednesday. The USD 450mn...
Chinese market leader CATL to build EUR 7.6bn battery plant in Hungary
The world’s largest battery maker, China’s Contemporary Amperex Technology (CATL), has agreed to build a three trillion forint (EUR 7.6bn) production...
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 and...
Czech EU Council presidency aims to clarify Brussels’ relations with Beijing
Czechia’s Foreign Minister Jan Lipavsky says one of his country’s goals when it heads the EU Council is to clarify the...
Orban won by a landslide, but Hungary’s economy is sliding too
The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday. After...
Taiwan to loan Lithuania USD 1bn
Taiwan will extend a USD 1 billion credit line to Lithuania as a gesture of solidarity with the Baltic country, and...