Romania ordered to repay Blue Air’s state aid
Blue Air's restructuring plan has failed to restore its long-term viability and the Romanian state must return the EUR 33.84mn it...
V4 & Romania
Polish FM floats new reparations solution
Poland will drop the USD 1.3tn (EUR 12.08) reparation demand made by the right-wing nationalist PiS government, which Polish Prime Minister...
Hungary rocked by presidential resignation
Hungarian President Katalin Novak resigned on live TV on Saturday evening, in connection with her controversial pardon issued last year for...
4iG inks deal for cable linking Egypt, Albania
Hungarian-government-linked telco 4iG and Telecom Egypt will jointly construct an express subsea cable between Albania and Egypt. Telecom Egypt is a...
Rheinmetall expands Hungary ammo maker
The expansion plan of the new ammunition plant of Rheinmetall in Varpalota, west Hungary, has been underway since January, the German...
Rheinmetall expands CEE presence with majority purchase of Automecanica Medias
German defence industry group Rheinmetall has acquired a 72.5% stake in Automecanica Medias from Romania, estimating that it will have an...
Solidarity plans to block Ukraine border stations
Polish farmers from Solidarity announced Friday that the trade union is planning a blockade of the country’s border crossings with Ukraine from...
Czechia, Taiwan ink nanotechnology MOU
Business groups from Czechia and Taiwan signed a memorandum of understanding (MOU) on semiconductor cooperation in Taipei on Thursday, 1 February....
Orban drops Ukraine aid package veto
Hungarian Prime Minister Viktor Orban agreed to a EUR 50bn, 4-year package for Ukraine on Thursday, 1 February, after vowing to...
Romania has overtaken Greece, Hungary – Economy minister underlines EU benefits
Romania has economically surpassed Greece, Hungary and is closing in on Poland, Romanian Economy Minister Stefan Radu Oprea underlined in a...
Hungary becomes only hold-out on Swedish NATO accession
Hungarian Prime Minister Viktor Orban has asked his MPs to proceed with Sweden's ratification as NATO member “at the first possible...
Hungarians increasingly displaced by guest workers – report
Foreign workers are increasingly replacing Hungarians across various sectors due to structural issues within the country’s economy. Government backing of lower-wage...
Austria leads CEE for most new cars, Estonia regional laggard
The number of battery-only electric passenger cars in the EU neared 3mn in 2022, up 55% from 1.9mn in 2021, according...
Romanian e-vehicle market grew by over one-third in 2023
More than 42,000 electric cars have been registered, so far, in Romania, of which around 16,800 only in 2023, 35% more...
Hungary inflation to dip, GDP to rise this year – independent think tank
From Hungary's economic perspective, last year extended the trends observed in 2022, according to independent Hungarian think-tank Policy Solutions's annual report....
Slovak u-turn: Fico gov’t set to allow Ukraine arms sales
Slovak Prime Minister Robert Fico appeared to renege on his election promise to not send “another bullet” to Ukraine on Tuesday, as...
PiS-linked foundations shun Polish expenses audit
Companies and foundations that held close ties to the right-wing populist and national-conservative Law and Justice party (PiS) government that ruled...
Orban EU presidency already dividing opinion – Hungary PM wants to ‘take over’ EU, MEPs sceptical of his ability to lead bloc
Hungary will hold the rotating presidency of the Council of the EU in the second half of 2024, putting Hungarian Prime...
Fast rail link to Romania’s busiest airport to open in March
New train services will run from March between Ruse, north-east Bulgaria, and Henri Coanda Otopeni International Airport via Giurgiu, south Romania,...
Czech inflation second highest ever in 2023
Czechia's rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country's second-highest annual inflation...