Czechia, Taiwan ink nanotechnology MOU

Czechia, Taiwan ink nanotechnology MOU

Business groups from Czechia and Taiwan signed a memorandum of understanding (MOU) on semiconductor cooperation in Taipei on Thursday, 1 February. At a seminar on semiconductor investments in Czechia, Taiwan semiconductor material supplier TOPOC Scientific Co and TeaLa signed the MOU with the Czech National Semiconductor Cluster (CNSC). TeaLa and

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Hungarians increasingly displaced by guest workers - report

Hungarians increasingly displaced by guest workers - report

2 min read Economy, Hungary

Foreign workers are increasingly replacing Hungarians across various sectors due to structural issues within the country’s economy. Government backing of lower-wage sectors such as auto and battery production, has forced highly skilled Hungarians abroad, and foreign workers are filling the void, local media wrote.  Hungarian Prime Minister Viktor Orban’

Farmers, green activists protest in Lithuania

Farmers, green activists protest in Lithuania

Tractors and logging lorries flooded central Vilnius last week, as farmers protested a number of national agricultural policies. Local media reported the protesters’ six demands; including stopping the transit of Russian grain through Lithuania, which they claim is pushing down export prices. Another demand is the government waiving an EU

Romanian e-vehicle market grew by over one-third in 2023

Romanian e-vehicle market grew by over one-third in 2023

2 min read Romania

More than 42,000 electric cars have been registered, so far, in Romania, of which around 16,800 only in 2023, 35% more than in 2022, according to research published Thursday. Researcher Lektri.Co was established in Timisoara in 2018, and operates 20 charging stations are present in Romania, Serbia,

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Hungary inflation to dip, GDP to rise this year - independent think tank

Hungary inflation to dip, GDP to rise this year - independent think tank

4 min read Economy, Hungary

From Hungary’s economic perspective, last year extended the trends observed in 2022, according to independent Hungarian think-tank Policy Solutions’s annual report. In Central and Eastern Europe, and Hungary in particular, inflation emerged as a paramount economic concern. In Hungary, inflation was of a scale unseen since the 1990s.

Slovak u-turn: Fico gov't set to allow Ukraine arms sales

Slovak u-turn: Fico gov't set to allow Ukraine arms sales

1 min read Slovakia, Russia

Slovak Prime Minister Robert Fico appeared to renege on his election promise to not send “another bullet” to Ukraine on Tuesday, as MPs voted through a government amendment allowing arms exports. Under the amendment, the Defence Ministry will be able to green-light public and private weapons companies to continue arming

Orban EU presidency already dividing opinion - Hungary PM wants to 'take over' EU, MEPs sceptical of his ability to lead bloc

Orban EU presidency already dividing opinion - Hungary PM wants to 'take over' EU, MEPs sceptical of his ability to lead bloc

Hungary will hold the rotating presidency of the Council of the EU in the second half of 2024, putting Hungarian Prime Minister Viktor Orban in formal charge of the EU’s policy-making process for six months. While certain EU politicians are confident about the bloc’s future but view Hungary’

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Czech inflation second highest ever in 2023

Czech inflation second highest ever in 2023

Czechia’s rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country’s second-highest annual inflation rate since the creation of the independent Czechia in 1993, according to data from the Czech Statistical Office (CZSO) published on Thursday 11 January.  The

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Albania tops region for sustainable energy mix

Albania tops region for sustainable energy mix

The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage points (pp) year-on-year, the bloc’s statistics office Eurostat reports. The EU’s revised Renewable Energy Directive has upped the bloc’s 2030 renewable energy target from 32%

Bulgaria shelves energy tax on Gazprom after pressure from Hungary

Bulgaria shelves energy tax on Gazprom after pressure from Hungary

The Bulgarian Parliament, with cross-party support, swiftly abolished a special tariff on Russian transit gas this week, after Hungary threatened to veto its Schengen membership bid. Hungarian Foreign Minister Peter Szijjarto said Bulgaria’s decision to impose an additional tax on natural gas transiting through its territory to North Macedonia,

Chinese vehicle maker BYD plans plant in Szeged

Chinese vehicle maker BYD plans plant in Szeged

2 min read Hungary, BYD, Szijjarto, Tesla

After months of speculation, Hungarian Foreign Minister Peter Szijjarto announced that China’s BYD will build its first electric vehicle (EV) factory in Europe in Szeged, south Hungary. The investment value will reach EUR 5bn, significantly more than the EUR 3bn intended for the construction of China’s CATL’s

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