A collection of 49 posts
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
The EU and the Republic of Korea formalised a comprehensive Security and Defence Partnership in Seoul, on Monday, 4 November, days after North Korea (DPRK) sent some 10,000 troops to fight alongside Russia in Ukraine. Strengthening dialogue, co-operation Acknowledging the growing threat of cyber and hybrid warfare, the EU
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
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
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
Serbian MPs voted down the enactment of a ban on lithium and boron exploration on Thursday, 10 October. An opposition-tabled House motion had suggested amending the Mining and Geological Research Act but was rejected by 128 MPs opposed, while 84 supported the change and 2 abstained. The Serbian Parliament is
The EU has called on Romania to amend its energy price-capping scheme, urging the government to allow gas and electricity producers to set their own prices. The request came in the form of a letter, with Romania expected to respond within two months. The letter marks the first step of
Czechia’s former industry minister and crisis manager Jozef Sikela has been appointed to lead the EU’s EUR 300bn Global Gateway Strategy, the bloc’s riposte to China’s Belt and Road Initiative (BRI). Sikela will oversee infrastructure investments aimed at countering the BRI by forging strategic international partnerships.
Hungary’s MOL Group, along with its joint venture partners, has signed commercial agreements to advance the development of significant gas reserves in Azerbaijan’s Azeri-Chirag-Deepwater Gunashli (ACG) field. MOL, the third-largest shareholder in the ACG field after SOCAR and BP, is working within an amended production sharing agreement framework
South Korea’s Korea Hydro & Nuclear Power (KHNP) will lead Czechia’s largest-ever investment project when the Central and Eastern Europe (CEE) country expands its nuclear power plant in Dukovany, south Czechia, Czech Prime Minister Petr Fiala said on Friday 20 September. A central part of Czechia’s long-term
Poland’s strategic energy giant PKN Orlen has signed a five-year exclusive deal with Lithuanian energy terminal operator KN Energies to up the supply of liquefied natural gas (LNG) to north-east Poland and the Baltic countries. Under the deal, effective until the end of March 2030, Orlen will have sole
Polish Prime Minister Donald Tusk vowed to tackle inflation, drive record economic growth, and bolster key investments in energy and infrastructure when he unveiled the country’s 2025 budget on Friday, 30 August. Tusk said his government has set a high bar for the budget. “We aim to keep inflation
Hungary is rushing to safeguard its energy security following Ukraine’s sanctions on Russian oil company Lukoil, and is in active discussions to guarantee alternative supply routes, according to the country’s top diplomat. Szijjarto concerned over energy supplies Despite protests from Budapest and Bratislava, the European Commission (EC) has
Enlight Renewable Energy, a prominent player in the green energy sector, began production and sales at its EUR 43.29mn Tapolca solar project in west Hungary 60MW ahead of schedule on 31 July. The Tapolca project will meet the annual needs of about 30,000 Hungarian households, selling electricity at
Romanian Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea and Romanian Chemical Industry Association Romchimica signed a letter of intent regarding joint efforts in the country’s energy transition on Friday, May 17. The document will form the basis of collaboration for the development of initiatives and partnerships between the