The Czech Republic and Slovakia have agreed to invest approximately €40 million to reverse the flow of the Czech section of the Druzhba pipeline, creating an alternative crude oil supply route for Slovakia amid an ongoing energy crisis triggered by damage to the pipeline's Ukrainian stretch.
A Russian drone strike on Ukraine's Druzhba pipeline in January 2026 has triggered a diplomatic crisis between Kyiv, Budapest and Bratislava - but the real damage runs deeper. The dispute has forced into the open a question: whether the EU can remain industrially competitive while paying two to
The World Bank forecasts regional growth of 3.1% in 2025, and finance ministries say cushioning the tariff shock will be essential to meeting that target. However, regional industry groups are warning of mounting pressure on Balkan economies.
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.