'Sideletter' leak stirs up storm in Austria

'Sideletter' leak stirs up storm in Austria

The Austrian Greens party made secret, parallel arrangements when it signed a coalition deal with the conservative OVP party in 2020, according to a newly leaked document. The supplementary agreement, or “Sideletter”, was unknown to party members and even Greens politicians who had co-negotiated the coalition deal. One of the

Ryanair revives routes out of Zagreb

Ryanair revives routes out of Zagreb

Europe’s largest airline Ryanair has announced plans to restore all of the flights from the Croatian capital of Zagreb that it suspended last month, while commencing services from Zagreb to Bratislava, Lviv and Corfu. Ryanair launched its base in Zagreb, where it hosts three aircraft, last year and after

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CEE countries progress towards OECD

CEE countries progress towards OECD

2 min read Economy, Romania, accession, OECD

Romania’s GDP should grow 4.5% both this year and next, after a 6.3% expansion last year, according to a report released Friday by the Organisation for Economic Co-operation and Development (OECD). The positive projection came three days after Romania, Bulgaria and Croatia were announced as the three

Czech salaries rising by up to one-fifth

Czech salaries rising by up to one-fifth

Private sector wages in Czechia are rising by as much as 20%, Czech Radio found when it interviewed employment industry experts this week. High inflation and rocketing energy prices while the government has chosen to freeze salaries for civil servants, means companies are having to hike salaries to keep employees.

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Bulgaria, North Macedonia PMs hail 'real results'

Bulgaria, North Macedonia PMs hail 'real results'

Bulgaria and North Macedonia premiers Kiril Petkov and Dimitar Kovacevski discussed establishing regular flights between their two respective capitals Skopje and Sofia, in the latter city on Tuesday. They also signed memorandums on finishing the incomplete railtrack in “Corridor VIII” between Skopje and Sofia, mutually supporting SMEs and developing a

US firm eyes Polish nuclear contract

US firm eyes Polish nuclear contract

Westinghouse Electric Company signed strategic partnership agreements with ten Polish engineering and construction firms in connection with its possible development of Poland’s first nuclear power plant, last Friday. The memorandums of understanding form part of the US company’s strategy to eventually construct not just one, but six nuclear

Slovakia most resilient on consumption

Slovakia most resilient on consumption

Household consumption expenditure decreased by an unprecedented 8% in the EU year-on-year in 2020, according to a new survey by the official EU statistics agency Eurostat. However as the EU-27 registered falls in household expenditure, only four countries in Central and Eastern Europe (CEE) were below the EU average 8%

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CEE baseload electricity prices off the scale

CEE baseload electricity prices off the scale

Wholesale electricity prices reached all-time highs in Europe in the third quarter of 2021, spiking by 211% year-on-year, the European Commission (EC) reports. In Poland, Romania, Czechia, Hungary, Slovakia and Slovenia, average monthly prices for baseload power – the permanent minimum load that a power supply system is required to deliver

Estonia rues EU energy trades, mulls nuclear

Estonia rues EU energy trades, mulls nuclear

The EU’s CO2 trading mechanism is a“roller-coaster” and fixed-price contracts would stabilise the situation and offer better conditions to electricity sellers, Estonia’s Prime Minister Kaja Kallas told Parliament on Tuesday. Soaring energy prices in the Baltic country have sparked debate inside the progressive Estonian governing coalition of

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