Petar Ganev, senior research fellow at Bulgaria’s Institute for Market Economics said “When you don’t trust the institutions in the country, it is much harder to make any transition … especially when it comes to joining the euro."
The Som-8 well is Hungary’s first meaningful local oil addition since 2019. National demand averaged 167,000 bpd in 2024, while domestic crude output stood closer to 23,000 bpd, according to industry data.
Nominal minimum wages in Romania and Bulgaria have more than doubled in the last decade, with the sharpest growth before 2020. Czechia and Slovakia now apply EU-aligned benchmarks for annual adjustments.
Central and Eastern Europe (CEE) gained new recognition in Dealroom’s 2025 Global Tech Ecosystem Index, with CEE capital cities Vilnius, Lithuania; Warsaw, Poland; and Zagreb, Croatia, named among the world’s top 100 emerging innovation hubs.
The index, released on 21 May, ranked 288 cities worldwide. While Paris and
In a new step in the cleaner transport transition, OMV Petrom has inaugurated Romania's largest electric vehicle (EV) hub with 34 charging points of up to 400kW on the A1 motorway near Miercurea Sibiului, central Romania.
The site is located on the Rhine-Danube Corridor - one of Romania’
Estonia has surged to second place in the 2025 World Press Freedom Index, its best-ever result and the highest ranking among EU countries.
Estonia's ranking in the 2025 World Press Freedom Index is the highest ever achieved by a Central and Eastern European (CEE) country since the index&
The EU’s employment rate reached a record high of 70.9% in the fourth quarter of 2024, according to the Organisation for Economic Co-operation and Development (OECD). But while this marks a major milestone for the bloc, the picture in Central and Eastern Europe (CEE) is more complex, as
Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may be more resilient to global trade tensions from US tariff policies, than previously assumed, ING bank writes in a new report.
Economies have shown resilience - ING
While CEE's close ties with Germany
When Croatia, Albania and Kosovo recently formed a new military alliance, Serbia and Hungary followed suit, reshaping the security situation in South East Europe.
Serbian Defence Minister Bratislav Gasic and Hungarian Defence Minister Kristof Szalay-Bobrovniczky earlier this month signed a bilateral military cooperation agreement in the Serbian capital of Belgrade.
Startups in Central and Eastern Europe (CEE) are growing faster than in Western Europe and the CEE startup ecosystem is now worth EUR 243bn, according to the CEE Startups 2025 report.
While funding and valuations have surged in recent years, structural challenges remain, including geographic fragmentation, uneven investor coverage, and
Romania and Poland have gender pay disparities among the lowest in the EU, according to Eurostat data published this month. In Central and Eastern Europe (CEE), Romania and Poland recorded the smallest gender pay gaps in 2023, at 3.6% and 4.5% respectively — both well below the EU average
Croatian Economy Minister Ante Susnjar said state-owned oil pipeline operator Jadranski Naftovod (Janaf) could acquire Russia’s stake in Serbian oil company Naftna Industrija Srbije (NIS), calling the potential deal a “natural business symbiosis”, local media reported.
Janaf transports around 80% of the crude oil refined by NIS at its
Central and Eastern Europe (CEE) is set for stronger economic growth in 2025, with GDP expected to expand by 2.6%, according to a report by Erste Group. The forecast marks an improvement from previous years, driven by higher consumer spending, increased investment, and inflows of EU funds.
Poland boosted
Poland is set to purchase an additional 180 K2 Black Panther main battle tanks for approximately USD 6.2bn (EUR 5.7bn), South Korean government officials announced on 9 March. The proposed agreement could be finalised as soon as next month and follows Poland’s earlier USD 12.4bn deal
The Munich Security Conference ended on a cautiously positive note for EU candidate countries Albania and Montenegro on Sunday, 16 February.
After a tumultuous 3 days, EU Enlargement Commissioner Marta Kos namechecked Albania and Montenegro as “front-runners” for EU accession during a roundtable discussion, adding that their negotiations could be