A collection of 90 posts
Slovak Prime Minister Robert Fico on Wednesday, September 18, reversed decades of opposition to tax hikes as his government amended VAT laws, effective 1 January, 2025. As recently as April, the leader of Slovakia’s nominally left-wing Smer-SD party, positioned himself as a champion of low-income earners, saying “I oppose
Polish Prime Minister Donald Tusk declared a state of disaster and confirmed that 1,600 people have been evacuated in Klodzko, south-west Poland, as Central and Eastern Europe (CEE) faced torrential rains brought by Storm Boris, which has led to widespread flooding and causing numerous deaths across countries including Romania,
Saudi Arabia has launched a new business council to deepen its economic ties with Central and Eastern Europe (CEE) and tap into emerging investment prospects in the region, the Saudi Press Agency reported. The Federation of Saudi Chambers has announced the council’s establishment for the 2024-28 term, under its
Polish Prime Minister Donald Tusk vowed to tackle inflation, drive record economic growth, and bolster key investments in energy and infrastructure when he unveiled the country’s 2025 budget on Friday, 30 August. Tusk said his government has set a high bar for the budget. “We aim to keep inflation
The Spanish government has vetoed Hungarian consortium Ganz-MaVag’s attempt to purchase Spanish train manufacturer Talgo, citing national security concerns, local media reported. Ganz-Mavag, which includes Hungary’s state fund Corvinus, made a EUR 619mn public tender offer for the maker of the iconic Alta Velocidad Espanola (AVE) high-speed trains
The new Polish deposit container-deposit system will launch in the autumn and be operated by eight enterprises, not six as earlier reported, although only three are currently licenced. The Polish Ministry of Climate and Environment said it will increase inspections in the lead up to the systems going operational in
As the EU assesses its defence strategies amidst escalating geopolitical tensions, South Korea has emerged as a significant player in the Central and Eastern Europe (CEE) defence market. Korea makes strategic defence exports to CEE South Korea’s defence industry has gained notable traction in CEE, where countries are upping
Romanian Prime Minister Marcel Ciolacu has requested that his country’s upcoming European Commissioner focuses on economic policies, following a meeting with European Commission (EC) President Ursula von der Leyen in Brussels on Thursday. “I want a portfolio that is highly relevant, given that we are the sixth largest country
Indian Prime Minister Narendra Modi discussed collaborations on AI and startups with Poland during his recent tour of Central and Eastern Europe (CEE). Modi’s visits to Poland and Ukraine, occurring just weeks after a contentious meeting with Russian President Vladimir Putin in Moscow, highlight India’s attempt to maintain
Hungary is rushing to safeguard its energy security following Ukraine’s sanctions on Russian oil company Lukoil, and is in active discussions to guarantee alternative supply routes, according to the country’s top diplomat. Szijjarto concerned over energy supplies Despite protests from Budapest and Bratislava, the European Commission (EC) has
In total 6 of 17 countries from Central and Eastern Europe (CEE) made the top 50 for fastest internet speeds, with an average download speed of 76.58 Mbps, placing it the 4th global region. CEE’s top performers were Slovakia, Hungary, and Romania, with average speeds of 145.19
Enlight Renewable Energy, a prominent player in the green energy sector, began production and sales at its EUR 43.29mn Tapolca solar project in west Hungary 60MW ahead of schedule on 31 July. The Tapolca project will meet the annual needs of about 30,000 Hungarian households, selling electricity at
As tens of thousands of Serbians rally in opposition to the contentious lithium mining project planned by company Rio Tinto in Jadar, west Serbia, an alternative is being investigated elsewhere in Central and Eastern Europe (CEE). A crucial material for enabling the EU to meet its 2030 climate goals may
Adoption of zero-emission vehicles gaining traction in Central and Eastern Europe (CEE), according to Erste Group’s macroeconomic report for August 2024. The Austrian financial service provider’s analysis sees varied economic trajectories and fluctuating trade balances across CEE, as Slovenia reported a trade deficit of EUR 0.64bn in
Support for introducing the euro in Poland has decreased in the last year, pollster SW Research found, in a survey commissioned by the Economic Freedom Foundation. The proportion of Poles who back joining the eurozone in Poland “in the coming years” decreased year-on-year, from 34.9% in 2023 to 30.