Hungary, Georgia discuss ‘major new energy cooperation’

Hungarian Prime Minister Viktor Orban and Georgian Prime Minister Irakli Garibashvili signed a strategic partnership agreement and discussed responses to…

Taiwan invests in CEE, as Lithuania opens trade office in Taipei

The tensions around the burgeoning relations between Taiwan and Central and Eastern Europe (CEE) will be on the agenda when…

Eurowag to expand CEE network with Inelo buyout

Czech-founded WAG Payment Solutions PLC announced on Tuesday that it has agreed to fully acquire Grupa Inelo SA, a leading…

Romania blames Hungary for Schengen deficit

Romanian lorry drivers urged their government to “relentlessly lobby” for the country to join the Schengen zone on Monday, asserting…

• Economy

Moody’s forecasts CEE growth in 2022, amid soaring inflation

The loan-book performance of banks in Central and Eastern Europe (CEE) is set to worsen as interest rate hikes take…

Bulgaria, Romania edge towards Schengen membership, as MEPs express overwhelming support

MEPs backed Bulgaria and Romania joining the Schengen zone in the coming months by an overwhelming margin on Tuesday. Of the…

• Romania

Romanian auto industry rallies to surpass pre-pandemic levels in first nine months

Passenger car production was up 21.2% year-on-year, to 381,971 units, in Romania in the first three quarters of 2022, according to…

Romania rolls out strategy for solar, wind power

The Romanian Energy Ministry has launched a renewable energy tender call worth EUR 457.7mn for projects totalling 950MW capacity, which…

• Czech Republic

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…

Forint recovers as Gazprom grants Hungary gas payment deferral

The forint rebounded against both the US dollar and euro late Monday, on news that Russian-state-run energy company Gazprom has…