Poland EU’s best performing economy in Q1
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc's official statistics office Eurostat...
V4 & Romania
Huge crowd in Warsaw protests ruling party ahead of autumn election
A massive mobilisation of Polish opposition voters and leaders estimated at up to half a million people took to the streets of...
Hungary’s Oriens fund buys another Czech retail chain
Hungarian investment holding Oriens is fast becoming a major player in Czech retail, Slovak business daily Hospodarske Noviny (HN) reports. Oriens...
CEE leaders respond to Erdogan victory in Turkey
Leaders in Central and Eastern Europe (CEE) congratulated Turkish President Recep Tayyip Erdogan after his re-election on Sunday, 28 May, after...
EU youth unemployment lowest since 2009
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the...
Europe playing catch-up with China in ‘battery battle’ – Romanian economy minister
"Romania, and Europe, have lost the battle with China in certain segments, such as battery production, but we are trying to...
A new sector emerges in CEE, as companies anticipate compulsory ESG reports
Having committed to becoming the first climate-neutral continent by 2050, the EU faces a major challenge and companies will have to...
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 in...
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 reported,...
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, which...
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. Odor's...
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 companies,...
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 large...
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 May....
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 is...
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 “devastating...
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 Leyen...
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, the...
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 released...
EON Polska earmarked 33bn war chest for green projects by 2027 – company president
"There will be more and more renewable energy in Poland and other European countries," E.ON Polska president Andrzej Modzelewski said in...