A collection of 132 posts
In the wake of the parliamentary elections in Georgia held on 26 October 2024, international reactions ranged from congratulations to expressions of concern over the integrity of the electoral process. Doubts over the legitimacy of last weekend’s vote have placed the country at the centre of a geopolitical tug-of-war,
Polish online platform eSky Group has acquired the world’s oldest travel agent, Britain’s Thomas Cook, for up to GBP 30mn, after receiving regulatory approval from the UK’s Civil Aviation Authority. Known primarily for its flight services, the purchase of Thomas Cook, originally announced last month, signals eSky’
Romania has approved “technical-economic indicators” for an over RON 750mn (EUR 150.8mn) rail construction project at the country’s largest port Constanta, east Romania, scheduled for completion in two years. The Central and Eastern Europe (CEE) country has plans to transform Constanta into a key Black Sea logistics hub,
Central and Eastern Europe (CEE) economies have largely overcome the so-called middle-income trap, but face challenges around sustainable growth and convergence with Western European living standards, Dutch multinational banking and financial services corporation ING bank found in a study that looked at key development trends in Poland, Hungary, Czechia, Romania
The sixth China and Central and Eastern European Countries Local Leaders’ Meeting concluded on 16 October with a firm commitment between the Asian country and Central and Eastern Europe (CEE) officials to deepening strategic cooperation across sectors such as trade, agriculture, and technology. The two-day summit, held in Yantai, Shandong
The European Commission (EC) has greenlit Poland’s USD 1.2bn scheme for projects to increase electricity storage capabilities to foster the transition to a net-zero economy under the Temporary Crisis and Transition Framework (TCTF). The move, approved on October 3, 2024, will aid Poland’s shift away from fossil
Central and Eastern Europe (CEE) is catching up with Western Europe for e-commerce, but unique regional challenges and opportunities are shaping its growth trajectory, according to the European e-Commerce Report 2024. Central Europe Many CEE countries still experience uneven digital development, as compared to Western Europe where higher internet penetration
Zabka is planning an initial public offering (IPO) on the Warsaw Stock Exchange on 17 October, as Poland’s leading convenience shop chain expands into Romania and elsewhere in Central and Eastern Europe (CEE). The IPO could raise as much as PLN 6.45bn. The IPO is set to be
Czech opposition party ANO, led by former prime minister Andrej Babis, scored a significant victory in Saturday’s elections for the country’s upper house the Senate, winning 8 of 27 seats up for grabs. Despite ANO’s gains, the ruling coalition, led by Czech Prime Minister Petr Fiala, retained
Hungary’s MOL Group, along with its joint venture partners, has signed commercial agreements to advance the development of significant gas reserves in Azerbaijan’s Azeri-Chirag-Deepwater Gunashli (ACG) field. MOL, the third-largest shareholder in the ACG field after SOCAR and BP, is working within an amended production sharing agreement framework
US firm Intel has decided to delay its semiconductor plant project near Wroclaw, west Poland, until 2026 due to the company’s worsening global financial situation, the Polish Digital Affairs Ministry announced on Monday, 17 September. The ministry said Poland remains committed to semiconductor investments and plans to use its
South Korea’s Korea Hydro & Nuclear Power (KHNP) will lead Czechia’s largest-ever investment project when the Central and Eastern Europe (CEE) country expands its nuclear power plant in Dukovany, south Czechia, Czech Prime Minister Petr Fiala said on Friday 20 September. A central part of Czechia’s long-term
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