V4 & Romania

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,…

2 years 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.…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years 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…

2 years ago

Poland to buy UK defence export system after inking all-time record deal

Poland has signed with the UK a GBP 1.9bn export agreement to roll out a British short-range air defence system,…

2 years ago

Czechia, Hungary, Estonia top for employment in CEE – Eurostat report

Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently…

2 years ago