A collection of 246 posts
Foreign affairs parliamentary committee chairs from Central and Eastern European (CEE) countries including Czechia, Ukraine, Estonia, Latvia and Lithuania are amongst the signatories of an open letter calling for more criticism of Serbian President Aleksandar Vucic’s Kosovo policy. The letter to the EU and the US, seen by German
Emirates Telecommunication Group Company (e&) will buy a 50% plus one share in PPF Group’s telecommunications assets in Bulgaria (mobile operator Yettel Bulgaria), Hungary (Yettel Hungary), Serbia (Yettel Serbia) and Slovakia (O2 Slovakia). The United Arab Emirates-based telco holding company, formerly Etisalat, will pay EUR 2.15bn upfront
Unlike its regional peers, the forint weakened massively this week, as the Hungarian National Bank (MNB) continued to unwind the emergency measures around Europe’s most inflated currency, Hungarian business website Portfolio wrote. Against the euro and the dollar, the domestic currency suffered a significant devaluation, 1.8% against the
Czech Prime Minister Petr Fiala dismissed Hungarian Prime Minister Viktor Orban’s claim over the weekend that Czechia has “changed sides” regarding the EU, emphasising the importance of regional cooperation, rather than “absurd stigmas”. Speaking at the 32nd Baile Tusnad “Summer University” Orban had said Czechia is now aligned with
The top 11 inflation rates in the EU were in Central and Eastern Europe (CEE) countries in June 2023, according to new data figures published by Eurostat, the EU’s official statistics office. All of the EU member states in CEE registered inflation over the EU average of 6.4%
Increased attention has been drawn to the eastern Mediterranean region by energy companies and European governments in recent weeks, Financial Mirror wrote in an analysis of gas supply to Europe in the aftermath of Russia’s invasion of Ukraine last February. Despite reduced Russian gas flow due to the conflict
Central and Eastern European (CEE) countries may hinder the EU’s ability to meet its climate goals, according to campaigners who are concerned about their National Energy and Climate Plans (NECPs). European Commission President Ursula von der Leyen has emphasised the European Union’s commitment to achieving a net-zero power
Austria (26%) and Estonia (23%) had the EU’s highest proportions of organic land within their total utilised agricultural area (UAA) in 2020, according to recent data released by Eurostat. In 2021, the area used for organic farming expanded to 15.9mn hectares (ha) – or just under 10% of the
Czechia is poised to start a massive construction of solar and wind power plants to secure cheap and ecological electricity supply, Environment Minister Petr Hladik (KDU-CSL) told members of the press on Thursday. “We have the resources for this: it is possible and realistic,” Hladik said, as he unveiled a
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc’s official statistics office Eurostat reported in its revised data. In Central and Eastern Europe (CEE) – and Europe as a whole – Poland had the highest growth rate of 3.8%, ahead of Croatia
Hungarian investment holding Oriens is fast becoming a major player in Czech retail, Slovak business daily Hospodarske Noviny (HN) reports. Oriens has private equity investments in Czechia, Hungary and Slovakia. Having fully acquired Flosman in 2021, it now plans to take over the shops of peer Pramen CZ. The Pramen
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the EU’s official statistics agency Eurostat. This constituted 6.3% of those in that age group, a historic low since 2009, it added. The lowest rate in Central
Having committed to becoming the first climate-neutral continent by 2050, the EU faces a major challenge and companies will have to play a part in this, Slovak business daily Hospodarske Noviny (HN) wrote in a wide-ranging article on the implications of environmental, social, governance (ESG) goals. The bloc’s ESG
The Czech government announced “Czechia in Shape”, a new tax package to reduce the state budget deficit on Thursday 11 May. The package, designed to cut debt by CZK 94bn (EUR 4bn) in 2024 and CZK 150bn in 2025, includes a range of measures such as raising the pension age
The European Commission (EC) will propose a law to speed up weapons production in Europe, EC President Ursula von der Leyen said after a meeting with Czech President Petr Pavel in Prague on Tuesday, 2 May, Czech daily Hospodarske noviny (HN) reported. She said in a statement: “I am glad