The EC is expected to present the proposal formally as part of its mid-term budget review later this year. The plan must be approved unanimously by all 27 member states and endorsed by the European Parliament. Opposition is expected from net contributor countries and regions facing cuts.
The European Commission (EC) published long-term budget allocation plans on 17 July, showing Poland set to receive the highest national allocation under the 2028-34 Multiannual Financial Framework (MFF), totalling EUR 123.3bn.
The signatories, including Poland, Romania, Hungary, Bulgaria, Slovakia, Estonia, Latvia and Lithuania, said the policy’s “visibility and predictability” would be compromised if merged into a broader single investment fund.
Global Peace Index (GPI) founder Steve Killelea spoke to the Central European Times on the day of the release of the GPI's 18th annual report. Despite the steep rise in militarisation in CEE, investment-led ambitions are currently limited by fragmentation, Killelea tells CET.
Under the Hague Investment Plan adopted on 25 June, NATO members committed to raise annual defence-related spending to 5% of GDP by 2035. The 5% comprises 3.5% on conventional military capability and 1.5% on infrastructure, cyber-defence and civil preparedness; including support for Ukraine. cet
The InvestAI programme, presented by the European Commission president Ursula von der Leyen in September 2024, earmarked EUR 20bn. The Polish-Baltic consortium is one of the first regionally coordinated bids submitted under the framework.
Hungary has now fallen to the lowest position in the EU for actual individual consumption (AIC), despite its starting position ahead of several regional peers two decades ago.
The main RB corridor will connect Tallinn, Riga, Kaunas and Warsaw via a continuous standard-gauge line, ensuring uninterrupted north-south passenger and freight movement.
In late May, Merz said Nord Stream 2 must stay closed to “weaken Moscow's war machine” and also declared that his government would “do everything” to prevent the pipeline from going online.ce
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.
Nominal minimum wages in Romania and Bulgaria have more than doubled in the last decade, with the sharpest growth before 2020. Czechia and Slovakia now apply EU-aligned benchmarks for annual adjustments.
Central and Eastern Europe (CEE) gained new recognition in Dealroom’s 2025 Global Tech Ecosystem Index, with CEE capital cities Vilnius, Lithuania; Warsaw, Poland; and Zagreb, Croatia, named among the world’s top 100 emerging innovation hubs.
The index, released on 21 May, ranked 288 cities worldwide. While Paris and
In a new step in the cleaner transport transition, OMV Petrom has inaugurated Romania's largest electric vehicle (EV) hub with 34 charging points of up to 400kW on the A1 motorway near Miercurea Sibiului, central Romania.
The site is located on the Rhine-Danube Corridor - one of Romania’
Estonia has surged to second place in the 2025 World Press Freedom Index, its best-ever result and the highest ranking among EU countries.
Estonia's ranking in the 2025 World Press Freedom Index is the highest ever achieved by a Central and Eastern European (CEE) country since the index&