A collection of 168 posts
Romania’s presidential election race delivered a shock result on Sunday, 24 November, as far-right, pro-Russia independent Calin Georgescu won the first round with 22.9% support, with 97.48% of the votes counted. The positive result for Georgescu defied exit polls – and has rocked the country – after the relative
Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups in the region raised EUR 1.4bn in funding between 2023 and 2024, The Recursive writes in its second report entitled “The State of AI in CEE 2024”. Despite a less-than-perfect global funding environment, geopolitical
As Donald Trump officially declared his victory in the US election, he received congratulations from numerous Central and Eastern Europe (CEE) leaders including Polish President Andrzej Duda and Hungarian Prime Minister Viktor Orban. However, CEE politicians and observers are now wondering what the leadership change in Washington will bring, as
Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with 184 companies listed among the region’s top 500, according to Coface’s 2024 CEE Top 500 ranking. Sector shifts, new entrants make top 500 Polish energy giant PKN Orlen topped Coface’s Top 500
Hungarian Prime Minister Viktor Orban, no stranger to political brinkmanship, went all in on Donald Trump’s election victory: a win that was by no means assured when he paid a surprise visit to the US in July. Hungary currently holds the six-month rotating EU presidency, and Orban has repeatedly,
The EU requires an in-depth exploration of its security needs, focusing on digital resilience, cyber threats, and countering disinformation, according to a recent report by Globsec entitled “Towards a Secure Europe: Turning EU Security into Tangible Reality”. The Bratislava-based think tank adds that addressing these challenges is especially critical for
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