Enel to sell Romanian arm in EUR 1.26bn deal
Enel will sell its Romanian operations to Greek group Public Power Corp (PPC) for EUR 1.26bn, the Italian utility group announced...
V4 & Romania
Lithuania decade’s most improved country in region, leading prosperity report finds
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s...
Poland oks Turow mine’s permit till 2044
Poland has extended the operational license of its highly-polluting Turow lignite mine by 22 years, the Czech Environment Ministry revealed on...
Russia cuts oil supply to Poland
Russia has ceased the supply of oil to Poland through the Druzhba pipeline, CEO of Polish oil refiner PKN Orlen Daniel...
Orban slams EU for withholding funds for Hungary, Poland
Hungarian Prime Minister Viktor Orban criticized the EU for imposing new sanctions instead of providing assistance and for depriving Hungary and...
Pavel not hopeful on Ukraine victory this year
Ukrainian President Volodymyr Zelenskyy urged the Western world to send more help when he opened the Munich Security Conference (MSC) from...
EU goes legal with Poland over rule of law
The European Commission (EC) has referred Poland to the Court of Justice of the European Union (CJEU) for violating EU law,...
Hungarian ‘megabank’ gets green light
A new Hungarian bank is set to emerge from the merger of MKB Bank and Takarekbank as overseen by Magyar Bankholding...
Moldovan defence advisor set to become PM
Dorin Recean, a pro-Western defence expert and former interior minister, is expected to become Moldova's new prime minister after receiving Parliament's approval this...
Joint letter says Russian assets should rebuild Ukraine
Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from the...
US okays massive arms deal with Poland
The Polish government received approval from the US State Department for a potential USD 10bn weapons deal aimed at modernising its...
Hungary bails out steelmaker Dunaferr
Hungarian Prime Minister Viktor Orban met with a working group aiming to save the indebted steel company Dunaferr on Wednesday, 1...
OTP snaps up Slovene bank, plans merger to create market leader
OTP Bank has been cleared by Slovenian Competition Protection Agency (AVK) to acquire Nova Kreditna Banka Maribor (NKBM), Slovenia's second largest...
Pavel calls for unity after landslide in Czech presidential elections
Retired General Petr Pavel, a former senior NATO commander, won the Czech presidency in a record-breaking victory over former prime minister...
Credit rating agencies Fitch, S&P, demote Hungary
Standard & Poor’s (S&P) downgraded Hungary's credit rating by one step to the lowest investment grade of BBB- on Friday, partly...
CEE countries ask EU to fund Azeri gas pipelines
Romania, Bulgaria, Hungary and Slovakia have jointly requested EU funding to develop the necessary infrastructure to support increased gas supplies from...
US moves into CEE arms market – CET analysis
Geopolitics is leaving its mark on the arms race in Central and Eastern Europe (CEE). Countries are drifting further away from...
CEE plans thousands of miles of high-speed rail
Railway infrastructure managers from Czechia, Poland and the Baltics signed a memorandum of understanding (MOU) in connection with building almost 2,800...
Estonia top for digital banking usage in 2022, while Romania lags – Eurostat report
More people in Estonia use online banking services than anywhere else in Central and Eastern Europe (CEE), according to a new...
Ex-NATO official edges Babis to move into pole position for Czech presidency
Retired General Petr Pavel will face ex-prime minister Andrej Babis in Czechia’s presidential runoff vote after narrowly beating him into second...