First Interest Rate Hike by Hungary’s Central Bank in a Decade
To curb inflation, the Central Bank of Hungary (MNB) on Tuesday raised its base rate by 30 basis points to 0.9%...
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EC Approves Slovakia’s Recovery Plan
The European Commission has approved the economic Recovery and Resilience Plan submitted by Slovakia, which was among the first EU member...
Poland: Phasing Out Coal and Moving Away from Russian Gas
Meeting the EU’s 2030 climate targets poses a huge challenge for Central European countries, especially for coal-dependent Poland. But it is...
Uproar in Hungary Over Anti-LGBT Law
On Tuesday, Hungary's parliament passed a so-called pedophile law, which critics say is actually directed at the LGBT community and also...
Wages in the Balkans: Where the Highs meet the Lows
Few would call Europe a continent of extremes - yet wage differences are sometimes severe: in South-Eastern-Europe, in countries outside of...
Climate Change: Drastic GDP Losses for Hungary, CEE
Global warming will not only wreak havoc on the global economy but could also result in dire economic consequences for Hungary...
Wages Catching up in Visegrád Countries… A Never-Ending Story
Shortly following the monumental changes to their governmental systems and economies, countries in Central & Eastern Europe did see their wages...
World Bank Upgrades Outlook for Romania’s GDP Growth
Romania's economy will grow by 6% this year, fully reversing the 3.9% contraction caused by the COVID-19 pandemic last year, according...
US Sanctions on Bulgarian Nationals/Associated Companies
The United States has imposed sanctions on three Bulgarians and 64 companies linked to them, over their alleged corrupt activities. The...
EC Backs Czechia Against Polish Mine
Poland says that closing down its open-pit brown coal mine in Turow would be an "energy disaster." Even so, the European...
Slovenia Expansion of OTP Bank Raises Political Questions
Hungary's OTP Bank has acquired a 100% stake in Slovenia's Nova KBM after signing a purchase agreement with former shareholders of...
Will Hungary’s Automotive Industry Adjust to Future Challenges?
As in most countries in Central & Eastern Europe (CEE), the competitiveness of the Hungarian economy heavily depends on car production....
Member States Approve Coal Phase-out Funding
EU member states have approved a EUR 17.5 billion fund which aims to help some countries wean themselves from polluting industries...
Hungary: European Parliament Green Policies Too Much
Several European "green" initiatives have provoked resentment in Hungarian government circles. The outrage is mainly due to the European Parliament having...
Slovakia’s Automotive Industry: Blessing or Curse?
Slovakia has been a great beneficiary of automotive industry expansion in recent decades. However, its high exposure to the global car...
Romania Bids Farewell to Coal
This week, Romania announced that it was ditching coal, thus joining the majority of EU member states that have made a...
Czech Auto Sector: Targeting Lithium
One of the biggest car manufacturers of the world, the Czech Republic has a lot to lose if it does not...
Czech Police Suggest Indicting PM Babis
Czech prime minister Andrej Babiš should be indicted over charges of fraud involving European Union subsidies, according to a recommendation by...
Hungarian Electricity Company Aims Further Regional Expansion
The net sales of Hungary's MVM Group amounted to HUF 1,835 billion last year, which is EUR 71,8 million higher than...
Hungary Hosts Region’s Largest Solar Plant
Central Europe’s largest solar plant has been inaugurated in Kaposvár, southwest of the Hungarian capital Budapest. The 100-megawatt solar power plant...