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
Russian oil deliveries to CEE resume after MOL intervention ends week-long stasis
Crude oil flows to Hungary, Slovakia and Czechia will recommence after Hungarian energy firm MOL paid the August transit fee for...
Corruption not seen as major issue by majority of firms in Poland, Czechia, Austria- Ipsos poll
Corruption is considered a very serious problem by 59% of business leaders in Romania, the highest percentage in the EU, according...
As CEE energy costs soar, IMF says customers should pick up the bill
The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills, in...
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...
Hungary makes energy crisis plans
The Hungarian government unveiled a number of energy-related measures at the weekend, in response to soaring prices and an impending autumn...
As Russia turns off the taps, Hungary negotiates deal to get gas transits wholly via southern TurkStream pipeline
Hungarian Foreign Minister Peter Szijjarto announced Monday that he is in negotiations with Russia’s Gazprom regarding a long-term gas supply deal...
CEE foreign ministers convene for energy, security talks
Austrian Foreign Minister Alexander Schallenberg said it is extremely important that the EU provide support to Africa, when he and his...
Hungary declares energy emergency
The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday, as...
Hungary falls out with EU, US over its opposition to minimum global tax rate
The Hungarian government said on Monday that it will pass a parliamentary resolution condemning EU criticism of its refusal to participate...
Bruising week for CEE currencies ends with slight rises for zloty, forint, Czech crown
The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally, impacting...
Hungary leads EU for solar electricity generation
Hungary had the highest proportion of solar technology in its electricity production in the EU last year, according to the Hungarian...
Croatia set to join the Euro
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth...
Croatia agrees to expand oil capacity to CEE
Croatia is ready to enlarge the capacity of the Adria oil pipeline as part of a long-term energy cooperation agreement to...
Slovakia to tax Russian-processed oil
The Slovak government approved a proposal to impose an extra import tax on Russian-processed crude oil on Wednesday. The levy would...
Croatia plans for worst case energy scenario
Croatia is currently boosting its own gas security in preparation for next winter, Energy Minister Davor Filipovic announced. By 1 November,...
EU may compensate CEE countries for hit from Russian oil embargo
The European Commission (EC) could channel funds to countries in Central and Eastern Europe (CEE) to help reduce their dependence on...
NATO ups air presence in CEE airspace
NATO has around 30 surveillance and fighter jets in airspace outside of Ukraine and Belarus at any moment according the defence...
Von der Leyen makes surprise visit to Budapest
European Commission President Ursula von der Leyen paid an unexpected visit to Budapest on Monday evening to discuss the EU’s proposed...
EU offers CEE countries extended deadline for Russian oil embargo
The EU has revised its proposal to ban Russia oil imports by the end of 2022, in order to give Hungary...