V4 & Romania

Electric cars overtake diesel in Romania

Electric and hybrid cars are gaining ground in Romania, as the segment represented over 20% of all new cars sold…

1 year ago

Polish auto industry posts record numbers

The Polish automotive industry grew by over 21.5% last year to hit an all-time high of EUR 39.7bn, Gazeta Wyborcza…

1 year ago

Hungary blocks EU’s Ukraine arms package after Kiev sanctions OTP bank

Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday,…

1 year ago

Economist becomes Slovakia’s first Hungarian-minority PM

Former Slovak Central Bank (NBS) deputy governor Ludovit Odor was sworn in as the country’s interim prime minister this week.…

1 year ago

Romania loosens surplus tax on OMV Petrom

Romanian President Klaus Iohannis promulgated the revised law that lays down a "solidarity contribution" from the “excessive profits” of energy…

1 year ago

Falling energy prices hit MOL’s Q1 figures

Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but…

1 year ago

Czech govt unveils austerity package

The Czech government announced "Czechia in Shape", a new tax package to reduce the state budget deficit on Thursday 11…

1 year ago

Poland’s Orlen losing millions over Russian oil ban

Poland's state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company…

1 year ago

Hungary gov’t reacts to shrinking retail sector with compulsory price cuts

The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the…

1 year ago

EU law will fast-track arms making in Europe, von der Leyen announces in Prague

The European Commission (EC) will propose a law to speed up weapons production in Europe, EC President Ursula von der…

1 year ago