Energy

A collection of 44 posts

Zelenskyy gathers support from CEE leaders

Zelenskyy gathers support from CEE leaders

Ukrainian President Volodymyr Zelenskyy called on European leaders to step up their efforts towards peace in Ukraine during a string of high-level phone calls on Friday, 21 February, including several with premiers of Central and Eastern Europe (CEE) countries. Zelenskyy stressed that Europe must act more decisively, in a televised

Poland PM urges defence spending hikes as Baltics cut ties with Russian electricity grid

Poland PM urges defence spending hikes as Baltics cut ties with Russian electricity grid

Polish Prime Minister Donald Tusk called on European leaders to increase their defence spending while maintaining close ties with the US, before an emergency summit of European leaders in Paris on Tuesday, 18 February. US President Donald Trump’s decision to attempt to negotiate a peace deal on Ukraine with

EU unveils strategy to compete with China, US

EU unveils strategy to compete with China, US

The European Commission (EC) unveiled its flagship “Competitiveness Compass” initiative on 29 January, the first major project of its 2024-29 term. The initiative is designed to serve as a strategic roadmap to foster innovation in sectors such as AI, semiconductors, quantum tech and biotechnology in Central and Eastern Europe (CEE)

NATO launches 'Baltic Sentry' patrols to counter infrastructure attacks

NATO launches 'Baltic Sentry' patrols to counter infrastructure attacks

NATO deployed a multinational flotilla off the Estonian coast at the weekend to defend undersea infrastructure in the Baltic Sea amid escalating concerns of sabotage. Baltic Sentry aims to deter hybrid threats targeting power cables, pipelines, and data lines crucial to the region’s stability. Dubbed the “security camera of

RegioJet CEE’s best rail operator - T&E report

RegioJet CEE’s best rail operator - T&E report

Czechia’s RegioJet is the top-performing rail operator in Central and Eastern Europe (CEE) for cost and quality, according to the latest report of the European Federation for Transport and Environment, or Transport & Environment (T&E). In the report T&E, an umbrella organisation for green and

FDI paints rosier picture for Poland, Romania - OECD report

FDI paints rosier picture for Poland, Romania - OECD report

Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical tensions, according to the Economic Outlook December 2024 report from the Organisation for Economic Co-operation and Development (OECD). Inflationary pressures, labour shortages, and weakened demand from key European markets, most notably Germany, are affecting industrial

Hungary's energy strategy has left it vulnerable to electricity price speculators - report

Hungary's energy strategy has left it vulnerable to electricity price speculators - report

Hungary’s electricity market has become a focal point for speculative trading, driven by a combination of renewable energy imbalances and the rise of algorithmic trading, Hungarian media reported. Denmark leads charge in algorithmic trading Danish firms, leveraging advanced forecasting tools, are exploiting price fluctuations in Hungary, which lacks the

CEE mulls ramifications of Trump's victory on trade, defence, environment

CEE mulls ramifications of Trump's victory on trade, defence, environment

As Donald Trump officially declared his victory in the US election, he received congratulations from numerous Central and Eastern Europe (CEE) leaders including Polish President Andrzej Duda and Hungarian Prime Minister Viktor Orban. However, CEE politicians and observers are now wondering what the leadership change in Washington will bring, as

PKN Orlen CEE's top firm on Coface 500 list

PKN Orlen CEE's top firm on Coface 500 list

Poland is the dominant country in the Central and Eastern Europe (CEE) business landscape, with 184 companies listed among the region’s top 500, according to Coface’s 2024 CEE Top 500 ranking. Sector shifts, new entrants make top 500 Polish energy giant PKN Orlen topped Coface’s Top 500

CEE sidesteps 'middle-income trap' - ING analysis

CEE sidesteps 'middle-income trap' - ING analysis

Central and Eastern Europe (CEE) economies have largely overcome the so-called middle-income trap, but face challenges around sustainable growth and convergence with Western European living standards, Dutch multinational banking and financial services corporation ING bank found in a study that looked at key development trends in Poland, Hungary, Czechia, Romania

EU okays Polish EUR 1.2bn state-aided energy-storage project

EU okays Polish EUR 1.2bn state-aided energy-storage project

The European Commission (EC) has greenlit Poland’s USD 1.2bn scheme for projects to increase electricity storage capabilities to foster the transition to a net-zero economy under the Temporary Crisis and Transition Framework (TCTF). The move, approved on October 3, 2024, will aid Poland’s shift away from fossil