Growth in CEE to slow to 3.5% – World Bank
The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the World...
Hungarian gov’t-friendly firm buys Sberbank share in Croatia’s Fortenova
Russia's Sberbank has sold its 43% stake in Fortenova to Hungarian-US investment fund Indotek Group, Croatian daily Jutarnji List reported. The...
NATO plans to bolster defences in east, says Sec-Gen Stoltenberg
NATO leaders will formulate plans to bolster its eastern flank across Central and Eastern Europe at a summit in Madrid in...
Hundreds of Russian envoys expelled from EU
Over two hundred Russian diplomats have been sent home from countries in Europe this week, in response to scenes of atrocities...
EU bans Russian ships from Europe’s ports
The EU banned Russian seafaring vessels from entering European ports, as it approved its fifth tranche of sanctions against Russia on...
Orban won by a landslide, but Hungary’s economy is sliding too
The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday. After...
EU deducts unpaid fines from payment to Poland
The Polish Finance Ministry confirmed on Thursday that the European Commission (EC) has paid Poland EUR 30 million less in EU...
Russian firms flock to Serbia post-invasion
Nearly 300 Russian companies and nationals have been registered in Serbia since Russia launched its invasion of Ukraine on 24 February,...
Nuclear plant expansion is on, Hungary PM says, as FM calls sector sanctions ‘a red line’
The EUR 12.5 bn expansion of Hungary’s only nuclear power plant at Paks remains viable, Hungarian Prime Minister Viktor Orban told...
Hungary’s Tungsram needs gov’t bailout
The chairman-CEO of one of Hungary’s oldest and best known companies, historic light bulb maker Tungsram, appealed to the government for...
Deutsche Bank CEO opposes Germany decoupling from Russian energy
Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be "almost inevitable” if imports of...
Poland, Baltics to close off roads to Russia, Belarus, Ukraine deputy minister claims
Ukraine Infrastructure Minister Oleksandr Kubrakov has asked Poland and the Baltic states to close their road links to Russia and Belarus....
Vučić rides out Russia controversy to retain power in Serbian elections
Serbia’s President Aleksandar Vučić declared victory in the country’s general elections on Sunday night, as pollsters estimated that he would secure...
Orbán wins big in Hungarian election
Hungarian Prime Minister Viktor Orbán secured his fourth consecutive term with a landslide victory in Hungary's national elections on Sunday. Orbán’s...
Russian troops regrouping, not withdrawing, says NATO chief
NATO’s Secretary-General Jens Stoltenberg said on Thursday that intelligence showed Russian forces in Ukraine were not withdrawing, but appeared to be...
Warsaw gets serious about eliminating Russian energy imports
Poland adopted draft legislation on Wednesday to prohibit coal imports from Russia. In its efforts to move away from all Russian...
Ukraine, Russia find glimmer of hope in Istanbul negotiations, but hostilities on ground continue
Wednesday saw a flurry of statements from Moscow and Kyiv on the prospects for peace in Ukraine, following talks between the...
Hungary postpones Visegrad 4 Summit after Czechia, Poland reps refuse to attend
Hungary cancelled a scheduled summit of defence ministers from the Visegrad 4 (“V4”) group of EU member states - Czechia, Hungary,...
Russian forces to scale back attacks in parts of Ukraine to build trust, facilitate negotiations
Russia said on Tuesday it would reduce its military operations around Kyiv, and in Chernihiv in the north of Ukraine to...
US will honour “sacred obligation” to NATO allies, says Biden
In a speech closing his visit to Poland, US President Joe Biden reassured NATO allies in Central and Eastern Europe that...