A collection of 244 posts
Chinese electric vehicle (EV) manufacturer BYD on 15 May signed an agreement with the Hungarian government to relocate its European headquarters to Budapest's 11th District, alongside two major research and development projects. The announcement marks the latest phase in BYD's European expansion. Hungary's government
Bulgaria’s pro-European opposition has tabled a declaration committing the country to join the Eurozone on 1 January 2026, challenging the government to reaffirm its commitment to its deadline, amid suggestions of a referendum on the issue. The We Continue the Change-Democratic Bulgaria (PP-DB) coalition, called for Parliament to restate
Hungary currently leads the world for share of solar energy in its energy mix, as it generated a quarter of its domestic electricity from photovoltaic panels in 2024. However, the recent massive blackout in Spain and Portugal served as a reminder of the challenges involved with high reliance on renewable
Albanian Prime Minister Edi Rama has claimed victory in Albania’s parliamentary election on Sunday, 11 May, after exit polls showed his Socialist Party (PS) with a clear lead. The vote, which has been characterised as ballot on Albania’s commitment to EU accession, was marked by low turnout and
Czechia has halted imports of Russian crude oil delivered via the Druzhba pipelinefor the first time in 60 years, Czech Prime Minister Petr Fiala announced in mid-April. The milestone was enabled by the expansion of the Transalpine Pipeline (TAL), which connects the Italian port of Trieste to Austria and Germany,
Workers in Central and Eastern Europe (CEE) enjoy some of the lowest personal income tax rates in Europe, with Slovakia and Poland the outliers for individuals and families, according to a new Organisation for Economic Co-operation and Development (OECD) report. The OECD Taxing Wages 2025 report analysed tax data and
US President Donald Trump’s new raft of global tariffs threatens to hammer the export-driven economies of Central and Eastern Europe (CEE), with his 25% duty on foreign-made cars posing a direct risk to regional manufacturing. As highly integrated suppliers in Germany-led EU value chains, Slovakia, Hungary and Czechia are
Poland’s main stock market index, the Warsaw Stock Exchange (WIG), closed above 100,000 points for the first time this week, signalling a milestone for the bourse, stronger investor confidence and Poland’s growing regional influence. Warsaw Stock Exchange CEO Marek Dietl said in an interview with PAP Biznes:
Poland has launched a new national doctrine aimed at establishing the country as the dominant military and economic power in Central and Eastern Europe (CEE). Polish Prime Minister Donald Tusk announced the "Piast Doctrine" during a speech in Gniezno, central Poland. "Maybe today it is worth announcing
Prague has launched two major transport infrastructure projects, expanding Vaclav Havel Airport and introducing a new generation of trams to modernise its urban network. The initiatives form part of a broader strategy to boost Prague’s competitiveness as a Central and Eastern Europe (CEE) hub for air travel, freight logistics
The EU’s employment rate reached a record high of 70.9% in the fourth quarter of 2024, according to the Organisation for Economic Co-operation and Development (OECD). But while this marks a major milestone for the bloc, the picture in Central and Eastern Europe (CEE) is more complex, as
Greece has announced plans to repay its first bailout loans a decade ahead of schedule, in a move that officials say underscores the country’s economic recovery and new fiscal credibility. The repayment strategy would see Greece pay off the remaining EUR 31bn of its initial EUR 53bn in bailout
Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may be more resilient to global trade tensions from US tariff policies, than previously assumed, ING bank writes in a new report. Economies have shown resilience - ING While CEE's close ties with Germany
The EU’s internal market is still falling short of its founding promise. Despite decades of integration, consumers across member states face uneven product quality and varied prices. This is due to regulatory fragmentation in two main forms: Territorial Supply Constraints and gold-plating. TSCs occur when suppliers block cross-border sourcing
The European Commission (EC) has chosen 47 strategic projects across the EU to reduce critical raw material dependency, with Czechia, Estonia, Poland, and Romania at the forefront, marking a significant boost to regional competitiveness amid intensifying geopolitical tensions. The EC’s selections are critical to the industrial future of Central