Romania’s Energy Ministry confirmed that it may partner with Serbia to build a third hydroelectric power (HEP) plant on the Iron Gates gorge stretch of the River Danube. The ministry was reacting to a report in Radio Free Europe that said the Serbian Energy Ministry had claimed that a
Romanian Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea and Romanian Chemical Industry Association Romchimica signed a letter of intent regarding joint efforts in the country’s energy transition on Friday, May 17. The document will form the basis of collaboration for the development of initiatives and partnerships between the
Skoda Group is to deliver 23 low-floor EMU electric trains to Czechia in a EUR 133mn order that it said will “substantially enhance both service quality and capacity”. RegioJet, the largest private railway carrier in Central and Eastern Europe, will use the trains on suburban and regional services in north
Poland will invest PLN 10bn (EUR 2.35bn) in securing its eastern border against the rising threat of Russia and Belarus, Polish Prime Minister Donald Tusk said on Saturday, 18 May. Tusk said Poland is “starting a major project to build a secure border, including a system of fortifications, landscaping
Slovakia’s head of state and president-elect jointly called for calm in the wake of the assassination attempt on Slovak Prime Minister Robert Fico on Wednesday 15 May. Fico was shot five times by Juraj Cintula in Handlova, central Slovakia, on Wednesday, at 2:30 pm, in the highest profile
North Macedonia’s right-wing VMRO-DPMNE party scored twin landslide victories in the parliamentary elections on Wednesday, 8 May 2024. After 7 years in opposition VMRO-DPMNE swept back to power as the 22-party coalition it led won 44% of the vote in the Balkan country’s parliamentary elections. The election was
Chinese President Xi Jinping’s recent visit to Hungary underscores the geopolitical importance of the growing bilateral friendship. China’s new investments in Hungary total EUR 16bn and are expected to reach EUR 30bn by the end of the year. On his first visit to Europe since the pandemic, Chinese
As Chinese President Xi completed his trip to Europe, he held a conference with Hungarian Prime Minister Viktor Orban, with whom he had spent three of the five days. Although Xi failed to give concrete details, Hungarian officials said 18 agreements had been signed between their country and China, but
China’s Huawei and Hungary’s 4iG signed a letter of intent to establish a common cloud service platform for Hungarian companies and large Chinese and Asian companies with a presence in Central and Eastern Europe (CEE) during Chinese President Xi Jinping’s visit to Budapest from 8-10 May 2024.
The EU will close its Article 7 procedure over democratic backsliding against Poland that was initiated in 2017 against the country’s nationalist government led by the former ruling party Law and Justice (PiS), European Commission (EC) President Ursula von der Leyen said on Monday, 6 May. The EC could
Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were already higher in Romania than in Hungary last year. “Regarding purchasing power parity (PPP), 2023 was the first year when the wages of our eastern neighbour came before us,
Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the latest International Monetary Fund (IMF) projections, while Lithuania will draw level and Poland will not be far behind. The shift makes good on promises that the Central and Eastern
Chinese President Xi Jinping will commence a three-day visit to Hungary from Wednesday, 8 May, having arrived in France on Monday, 6 May, where he met French President Emmanuelle Macron and European Commission President Ursula von der Leyen. Xi’s delegation includes Chinese Foreign Minister Wang Yi, Chinese Finance Minister
No candidate received a majority of votes in the first round of the Presidential elections in North Macedonia on 24 April 2024, meaning a second round will be held alongside parliamentary elections on 8 May. Despite failing to secure the 50% required to avoid a runoff vote, Gordana Siljanovska-Davkova, a
Hungary will focus on key issues for central Europe during its upcoming EU presidency, Hungarian Foreign Minister Peter Szijjarto claimed at a press conference with Czech Foreign Minister Jan Lipavsky in Budapest on Friday, 26 April. According to Szijjarto, the key issues for the region are enlargement for countries in
US nuclear firm Westinghouse Electric Company has signed memorandums of understanding (MOUs) with 17 Bulgarian suppliers to support the construction of two AP1000 reactors at the nuclear power plant in Kozloduy, north Bulgaria, and received a permit to begin transitioning to using fuel it has produced. As well as Bulgaria,
By 2030 Artificial Intelligence could be contributing as much as 11.5%, or USD 700bn (EUR 6.55bn), to the GDP of Southern Europe, including the Adriatic region, Kalin Dimtchev, country manager for Microsoft Adriatic, said in a recent interview about the AI transformation. Both the public and private sectors
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024, EU official statistics office Eurostat reports. The EU’s highest inflation rates were also recorded in Central and Eastern Europe (CEE) countries, with the steepest price increases in Romania (6.7%), Croatia (4.9%
Lithuania will hold a constitutional referendum on whether its citizens can hold dual and multiple citizenships on 12 May 2024, in tandem with the first round of its presidential elections. Dual citizenship is mostly banned and around one thousand Lithuanian citizens annually give up their citizenship each year to take
The ruling conservative Croatian Democratic Union (HDZ) won the most seats but failed to secure a simple majority in the snap parliamentary election held on Wednesday, 17 April. The HDZ won 61 seats (down 7) in the 151-member assembly, to 42 (up 22) for the Social Democratic Party-led (SPD) centre-left
Shipping label management and payment system Ikas has announced that it will initiate operations in Central and Eastern Europe (CEE), as well as Germany and Switzerland. Ikas CEO Mustafa Namoglu said US tech giants largely overlook CEE and his company will offer SMEs a reliable, user-friendly interface as well as
Chinese President Xi Jinping will visit Budapest, Hungary and Belgrade, Serbia, at the beginning of May. After a trip to France from May 5-7, Xi Jinping will then stop over in Belgrade, before concluding his Europe tour in Budapest, Radio Free Europe (RFE) wrote, citing two independent sources. Orban China’
The first German troops of a brigade to be fully deployed as the German Army 45th Brigade Lithuania within 4 years arrived in Lithuania on Monday, 8 April, when Lieutenant General and Bundeswehr chief Alfons Mais visited Vilnius. Around 5,000 military personnel and civilians will move to Lithuania, including
A 147.8km stretch of the A7 motorway between Bucharest and Moldova and north Romania will open this year, Romanian Prime Minister Marcel Ciolacu pledged at the Social Democratic Party (PSD) election conference in Suceava, north-east Romania, on Friday, 12 April. Parliamentary elections are scheduled to be held in Romania
Peter Pellegrini of Slovakia’s nationalist-left ruling coalition beat pro-Western opposition candidate Ivan Korcok by 53.1% to 46.9% in the presidential election on Saturday, 6 April. Turnout was 61.14%, the highest for a presidential election in Slovakia since 1999. Pellegrini, 48, is House speaker and an ally