A collection of 242 posts
Digital news consumption in Central and Eastern Europe (CEE) is transforming, driven by evolving audience habits, technology adoption, and growing mistrust in traditional media, according to Reuters Digital News Report 2024. Internet penetration and smartphone usage have enabled a rapid shift online, but challenges related to declining trust in news
Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical tensions, according to the Economic Outlook December 2024 report from the Organisation for Economic Co-operation and Development (OECD). Inflationary pressures, labour shortages, and weakened demand from key European markets, most notably Germany, are affecting industrial
A new report on the pros and cons of euro adoption from the Czech National Economic Council (NERV) warns that joining the eurozone would see Czechia lose control over interest rates and monetary policies, limiting its ability to address domestic economic issues. On the positive side, the report highlighted that
Romania’s Constitutional Court (CCR) annulled the country’s presidential election on Friday, 6 December after the emergence of evidence of Russian interference in the lead-up to the first-round vote late last month. Pro-Russian ultranationalist candidate and political newcomer Calin Georgescu unexpectedly won the first round of voting on 24
The Hungarian forint plummeted to a near-historic low against sterling on Monday morning, with a British pound buying HUF 501.5. For Hungary, heavily reliant on imports, the forint’s fall inflates the cost of goods. When coupled with high interest rates, this inflation creates a precarious economic environment. The
Poland was the world’s largest gold buyer in the second and third quarters of 2024, and central banks across Central and Eastern Europe (CEE) are enlarging their gold reserves at an unprecedented pace, according to World Gold Council data. The trend has positioned CEE as a major global buyer
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
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
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
Bosnia and Herzegovina (BiH) is receiving crucial assistance from across Central and Eastern Europe (CEE) as well as the EU, as rescue teams help tackle the aftermath of severe floods and landslides that hit large parts of the country on Friday, 4 October. Torrential rain has caused rivers to overflow
The European Commission (EC) has announced that it will impose additional import tariffs on Chinese battery electric vehicles (BEVs) following a vote among member states on Friday, 4 October, after a year-long investigation. The EC, which suspects China of undercutting European carmakers by subsidising its EV industry, wrote that it
Czechia’s former industry minister and crisis manager Jozef Sikela has been appointed to lead the EU’s EUR 300bn Global Gateway Strategy, the bloc’s riposte to China’s Belt and Road Initiative (BRI). Sikela will oversee infrastructure investments aimed at countering the BRI by forging strategic international partnerships.
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
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