A collection of 60 posts
Hungary’s currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central and Eastern Europe (CEE) due to the war in Ukraine and its resultant sanctions, the forint’s fall has been the region’s most precipitous. The fall of the
Austrian Foreign Minister Alexander Schallenberg said it is extremely important that the EU provide support to Africa, when he and his opposite numbers from Slovakia, Czechia, Hungary and Slovenia gathered in Budapest on Thursday. Russian President Vladimir Putin is taking advantage of the famine caused by his war in Ukraine,
Tour operator TUI Belgium has cancelled scheduled summer flights to Bulgaria and North Macedonia citing falling interest in destinations in Central and Eastern Europe (CEE) since the start of the war in Ukraine. The subsidiary of UK-German tourism firm TUI Group says customer demand has also fallen for CEE weekend
The EU has revised its proposal to ban Russia oil imports by the end of 2022, in order to give Hungary and Slovakia an extra two years to comply. The third country offered a deadline extension by the EU is Czechia, which would have a six-month earlier deadline, of June
The combination of a rise in demand for renewable energy sources and supply-chain issues is causing problems for manufacturers in Czechia and other countries in Central and Eastern Europe (CEE). Companies in Czechia cannot meet the increasingly high demand for renewables due to a shortfall in both materials and workers,
Czechia’s new government will allocate more EU subsidies to smaller-scale family farms, and fewer to the country’s traditionally dominant large landowners, from next year. The conservative-led coalition that succeeded Babis has deeply discussed its policy within the EU Common Agricultural Policy strategic plan. The result was a document
Czechia’s President Milos Zeman officially appointed Petr Fiala as prime minister to lead a broad coalition of right-wing and centrist parties on Sunday, after his predecessor Andrej Babis lost the national elections in October. Fiala said his new coalition, expected to form mid-December, hopes to be a government of
Polish Climate and Environment minister Anna Moskwa appeared to reverse Poland’s commitment to cutting coal power by 2030 on Thursday, just hours after her government had signed up for the policy at the COP26 climate conference. More than 40 major fuel-burning countries including Poland and Ukraine pledged to phase
Czechia looks set to be ruled by a liberal, centre-right coalition after five parties agreed on a joint programme on Tuesday, around one month after outgoing Prime Minister Andrej Babis’s narrow election defeat. Prospective prime minister Petr Fiala, who leads the liberal-conservative, eurosceptic Civic Democratic Party (ODS), said Tuesday
Czech start-up Rossum will receive USD 100 million in venture capital from a consortium – including General Catalyst, one of the US’s biggest VC funds – to support its AI document-processing software. Rossum processes data and devises steps based on that content, reducing manual data entry work by 90%, according to
Czech politics is currently in a state of paralysis after President Milos Zeman was hospitalised on election weekend. The head of state officially oversees the handover of power after national elections in Czechia. However the 77-year-old fell ill after a meeting with Prime Minister Andrej Babis on Sunday. Instead of
Czechs voted for a conservative shift in last weekend’s elections on Friday and Saturday. The conservative coalition SPOLU (“Together”) formed by the Civic Democrats, Christian Democrats, and TOP 09 parties, narrowly beat the ruling ANO party of current prime minister Andrej Babis. His coalition partner Social Democrats and the
The Czech Republic’s Constitutional Court has ruled in favor of the Czech ticket seller Kiwi.com against Ryanair in a dispute over Kiwi’s practices for handling passenger data. The legal win is a boost for the Czech company amid tensions with Ryanair which have seen the carrier threatening
A new study finds that the Czech Republic still has the most favorable conditions for manufacturing among countries in Europe. Worldwide, the country ranks 5th, behind China, India, the United States and Canada. The result is derived from a study, entitled Manufacturing Risk Index, carried out by the real estate
The European Commission has approved the Czech Republic’s EUR 7 billion plan to recover from the pandemic and transform the country’s economy into one that is greener and more digital. The scheme will be financed from EU grants until 2026. Once the plan is also approved by EU