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 announced...
Romania
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 kWh...
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 that...
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 their...
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 639...
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 figures...
Romania rolls out strategy for solar, wind power
The Romanian Energy Ministry has launched a renewable energy tender call worth EUR 457.7mn for projects totalling 950MW capacity, which will...
As Ryanair suspends CEE flight routes, Aeroexpress mulls new services
Ryanair CEO Michael O'Leary said his budget airline has no plans to withdraw from Hungary but will cease some services in...
Scholz says ‘centre of Europe is moving eastwards’ on Prague visit
German Chancellor Olaf Scholz emphasised the urgency of accession for aspiring EU members in Central and Eastern Europe (CEE) when he...
Polish photovoltaic company Toren acquired by Swiss firm MET
Polish greenfield solar power project Toren Spolka Akcyjna agreed a 100% share purchase agreement with the Swiss-based energy company MET Group...
Estonia becomes latest CEE country to be targeted by Russian hackers Killnet
Estonia has repelled its most severe hacking attack in 15 years, the government announced on Thursday. The hack of the previous day...
Corruption not seen as major issue by majority of firms in Poland, Czechia, Austria- Ipsos poll
Corruption is considered a very serious problem by 59% of business leaders in Romania, the highest percentage in the EU, according...
As CEE energy costs soar, IMF says customers should pick up the bill
The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills, in...
Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis
Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central and...
Croatia set to join the Euro
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth...
Croatia plans for worst case energy scenario
Croatia is currently boosting its own gas security in preparation for next winter, Energy Minister Davor Filipovic announced. By 1 November,...
Romania to host CEE firms at defence expo
Companies from at least nine Central and Eastern Europe (CEE) countries will present their products and services at the upcoming military,...
Press Freedom Index singles out Moldova, Bulgaria as promising media landscapes
Estonia has the healthiest media environment in Central and Eastern Europe (CEE) according to the Reporters Sans Frontiers/Reporters Without Borders (RSF)...
Croatia’s aviation industry most resilient in EU
The commercial flight numbers of several Central and Eastern European (CEE) countries are closing in on their pre-pandemic levels faster than...
Romania unveils massive support scheme for firms, families
Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic downturn...