Czech ‘crisis manager’ Sikela to helm EU’s answer to China’s Belt and Road Initiative
Czechia's former industry minister and crisis manager Jozef Sikela has been appointed to lead the EU’s EUR 300bn Global Gateway Strategy,...
News by country
Mishandling of immigration has propelled a party with direct Nazi roots into power in Austria – CET Opinion
The outcome of Austria’s election is undeniably historic—not just for Austria, but for the whole European Union. The Freedom Party of...
Austrian far-right FPO party wins election
Austria’s far-right Freedom Party (FPO) has won a landmark victory, claiming the largest share of votes and ending 20 years of...
Babis wins Senate seats, but Fiala retains control
Czech opposition party ANO, led by former prime minister Andrej Babis, scored a significant victory in Saturday’s elections for the country's...
MOL inks gas exploration deal in Azerbaijan
Hungary's MOL Group, along with its joint venture partners, has signed commercial agreements to advance the development of significant gas reserves...
Intel postpones EUR 4bn Polish factory plan
US firm Intel has decided to delay its semiconductor plant project near Wroclaw, west Poland, until 2026 due to the company's...
Korean firm to build EUR 16bn Czech nuclear plant
South Korea’s Korea Hydro & Nuclear Power (KHNP) will lead Czechia's largest-ever investment project when the Central and Eastern Europe (CEE)...
Slovakia hikes VAT to among EU’s highest
Slovak Prime Minister Robert Fico on Wednesday, September 18, reversed decades of opposition to tax hikes as his government amended VAT...
Lufthansa mulls AirBaltic purchase – report
Deutsche Lufthansa AG is looking into acquiring a stake in AirBaltic before the Latvian state-owned airline launches an initial public offering...
Orlen inks deal to secure LNG supplies to Poland, Baltics
Poland’s strategic energy giant PKN Orlen has signed a five-year exclusive deal with Lithuanian energy terminal operator KN Energies to up...
Poland leads CEE wave of UK legacy firm buyouts
Polish online platform eSky’s GBP 30mn (EUR 35.5mn) purchase of Thomas Cook from China’s Fosun Tourism Group signals a broader westward...
CEE braces for further flooding, as Storm Boris wreaks havoc
Polish Prime Minister Donald Tusk declared a state of disaster and confirmed that 1,600 people have been evacuated in Klodzko, south-west...
Saudi Arabia launches new business chamber to focus on CEE
Saudi Arabia has launched a new business council to deepen its economic ties with Central and Eastern Europe (CEE) and tap...
BiH completes largest ever infrastructure project
Financed with a EUR 5mn EU grant and a EUR 100mn loan from the European Investment Bank (EIB), the nearly 1km-long...
Rheinmetall to build EUR 180mn factory in Lithuania
Germany’s Rheinmetall will spend more than EUR 180mn on an ammunition manufacturing facility in Lithuania, the Lithuanian Economy and Innovation Ministry...
Von der Leyen pledges more EU on Balkans visit
European Commission (EC) President Ursula von der Leyen announced further EU flood recovery funding and reiterated the EU’s commitment to addressing climate...
Estonia joins CERN
The European Organization for Nuclear Research (CERN) officially welcomed Estonia as its 24th member state on Friday, 30 August. CERN said...
Moldovan industrial sector to get EU cash
A total of 59 companies have been awarded non-reimbursable funding totalling some MDL 25mn (EUR 1.3mn) as part of a MDL...
Poland unveils massive transport, energy, defence plans under 2025 budget
Polish Prime Minister Donald Tusk vowed to tackle inflation, drive record economic growth, and bolster key investments in energy and infrastructure...
AirBaltic to call IPO by year-end
Latvian national airline airBaltic is set to embark on its first-ever initial public offering (IPO) before the end of 2024. The...