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...
DACH & Slovenia
Eurowag to expand CEE network with Inelo buyout
Czech-founded WAG Payment Solutions PLC announced on Tuesday that it has agreed to fully acquire Grupa Inelo SA, a leading fleet...
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...
‘The Chinese always have a multi-layered approach’ – CEPA expert Tamas Matura talks China in CEE with CET
Hungarian Sinologist Tamas Matura argued in his recent report for CEPA that China wields little influence in Hungary, despite the Hungarian...
Slovenia agrees on EUR 3.26bn funding strategy with European Commission
Slovenia will receive 3.26 billion euros in EU funding via a partnership agreement, the details of which it finalised with the...
Polish energy giant PKN Orlen mulls purchase of German refinery
Polish refiner PKN Orlen is considering buying a majority stake in the PCK Schwedt refinery in north-east Germany, which until Friday...
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...
Europe’s drought worst in 500 years – EC report
Slovakia, Hungary, Romania and Moldova were among the European countries most affected by low rainfall rates in the three months up...
Chinese market leader CATL to build EUR 7.6bn battery plant in Hungary
The world’s largest battery maker, China’s Contemporary Amperex Technology (CATL), has agreed to build a three trillion forint (EUR 7.6bn) production...
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 Russia turns off the taps, Hungary negotiates deal to get gas transits wholly via southern TurkStream pipeline
Hungarian Foreign Minister Peter Szijjarto announced Monday that he is in negotiations with Russia’s Gazprom regarding a long-term gas supply deal...
CEE foreign ministers convene for energy, security talks
Austrian Foreign Minister Alexander Schallenberg said it is extremely important that the EU provide support to Africa, when he and his...
Hungary declares energy emergency
The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday, as...
Austria tries to get Serbia back on EU track
Austria’s foreign and European affairs minister said he expects the countries in the Western Balkans (WB) to join the EU, after...
OMV to transfer euros to Russia for payments to Gazprom
Austrian energy group OMV announced on Friday that it was opening an account with Russian Gazprombank for ruble conversion. The development came...
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,...
Germany to help Czechia renew army, and landlocked CEE countries to access gas
Germany will help Czechia to modernise its army by replacing military equipment it sent to Ukraine, German Chancellor Olaf Scholz said...
CEE countries react to EU plan to completely phase out Russian oil
There were mixed messages from Central and Eastern Europe (CEE) on Wednesday, when the European Commission (EC) announced plans for a...