EU green lights Croatia to join Schengen, snubs Bulgaria, Romania

Croatia will become the Schengen zone’s newest member on 1 January, the Council of the EU announced on Thursday, 8 December. Croatia…

Wizz vs Ryanair: which budget airline rules CEE?

Wizz Air will serve 31% more passengers than Ryanair in Central and Eastern Europe (CEE) and the Caucuses this winter, according…

Robotisation spreads in auto-heavy CEE

Robotisation has risen sharply in CEE, according to a new report entitled “How do Economies in EU-CEE Cope with Labour…

• Hungary

Estonia tops tax competitiveness index

For the ninth consecutive year, Estonia has the best tax regime of the Organisation for Economic Cooperation and Development (OECD) countries, according…

Romania secures EUR 650mn factory investment as Nokian Tyres looks to replace Russian output

Nokian Tyres will build a EUR 650mn passenger car tyre factory in Oradea, western Romania, creating around 500 jobs, it…

Gov’t interventions see Poland, Slovenia, Hungary buck H1 electricity bills trend

Household electricity prices rose year-on-year in the first half of 2022, from EUR 22 per to EUR 25.30 per 100…

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…