Producers in Poland, Czechia and Moldova are rebranding locally and pursuing new strategies to stay afloat after the collapse of major foreign markets, in the wake of Russia’s invasion of Ukraine and Western sanctions on premium alcohol.
The Czech Security Information Service said individuals linked to China’s embassy followed Hsiao’s convoy and considered a “demonstrative kinetic action” intended to unsettle, but not harm, her. Hsiao had been on her first foreign trip as veep, with Taiwanese President Lai Ching‑te.
Under the Hague Investment Plan adopted on 25 June, NATO members committed to raise annual defence-related spending to 5% of GDP by 2035. The 5% comprises 3.5% on conventional military capability and 1.5% on infrastructure, cyber-defence and civil preparedness; including support for Ukraine. cet
The Czech Chamber of Commerce said on 22 June that the Nestle cuts should be viewed in the context of changing consumer priorities amid inflation and a shift toward simpler food products.
Hungary has now fallen to the lowest position in the EU for actual individual consumption (AIC), despite its starting position ahead of several regional peers two decades ago.
Polish Deputy PM and Defence Minister Wladyslaw Kosiniak-Kamysz said in April that Poland’s defence strategy prioritises frontline support and rapid capacity building. He added that Poland “will not turn anyone away” from its training centres, including non-combat personnel.
China's trade with Central and Eastern Europe (CEE) reached USD 142.3bn in 2024, marking a 6.3% year-on-year increase, surpassing China's overall foreign trade growth rate by 2.5 percentage points, according to China's General Administration of Customs.
The total marked a 4.
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.
Czechia’s rate of inflation was 10.7% last year, down from 15.1% in 2022, but still representing the country’s second-highest annual inflation rate since the creation of the independent Czechia in 1993, according to data from the Czech Statistical Office (CZSO) published on Thursday 11 January.
The
The Central and Eastern Europe (CEE) insurance market reached a total of EUR 12.5bn by the end of the first quarter of 2023, a year-on-year rise of 10.2%.
All CEE markets exhibited annual growth, led by Poland, with EUR 4.3bn gross written premium (GWP), followed by Czechia
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
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