A collection of 242 posts
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
Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently released data of the EU statistics agency Eurostat. Just behind the Baltic country were Czechia, with 81.3%, and Hungary (80.2%). The middle grouping of the EU member
Agriculture Minister Zdenek Nekula is right when he says Czech farmers are overplaying the role of Ukrainian wheat on their current travails, according to analysts cited by Czech business daily Hospodarsk Noviny (HN). In contrast to Poland, Slovakia, Bulgaria and Hungary, Czechia has rejected the idea of banning imports from
Czech President Petr Pavel called for a “joint and balanced” strategy between the US, Europe, and other democracies to address China’s growing economic and political power while avoiding divisive lines between them, on Friday 21st April. During a visit to Brussels, Pavel discussed EU-US-China relations with European Council President
Czechia’s largest investment group PPF has acquired internet and television content provider Nej.cz from billionaire Karel Prazak’s Kaprain group. PPF made the purchase of Nej.cz, which has almost a quarter of a million active customers, through its Cetin concern, Hospodarske noviny (HN) reported. Prazak sold Nej.