A collection of 116 posts
Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be “almost inevitable” if imports of Russian oil and natural gas were stopped. German banks are expecting the country’s GDP growth to slow to 2% in 2022 from 2.7% in 2021, in the
The European Commission said it planned to cut its reliance on fossil fuels from Russia by 2030, reducing dependence on Russian sources of energy by two-thirds by the end of the year. But it turned out there will be no ban on imports of Russian oil and gas imports to
Following Russia’s attack on Ukraine on Thursday morning, Poland, Estonia, Latvia and Lithuania all invoked the NATO alliance’s Article 4, which obliges all 30 NATO members to hold a consultation when “the territorial integrity, political independence or security of any of the parties is threatened”. Explaining the rationale
Russian forces did not invade Ukraine today, confounding earlier US intelligence statements this was likely to happen on Wednesday. The Kremlin mocked Western media who had declared today the “invasion date”, France 24 reported. Nevertheless US Secretary of State Antony Blinken expressed scepticism regarding the Russian Defence Ministry claim that
As some countries in Central and Eastern Europe (CEE) relax Coronavirus restrictions, others remain cautious, with Czechia in the first camp, while Estonia is in the second. As Czechia lifts the requirement to show proof of vaccination to enter restaurants and mass gatherings, Estonia has u-turned on a similar plan
Poland is predicted to have the highest level of inflation of 6.8% in Central and Eastern Europe (CEE) – and the EU as a whole – this year, according to a new European Commission (EC) forecast. The EC’s prediction for Poland is way over the average predicted rise in the
Estonia has become the digital model for Central and Eastern Europe (CEE) due to a digitalisation policy that has seen it close in on the wealth and GDP of EU countries further west. The keystones of Estonia’s ‘CEE dream’ are increasingly recognised as public service digitalization and digital integration.
With a EUR 1,074 minimum wage, Slovenia was the only country in Central and Eastern Europe (CEE) where a gross monthly salary of over a thousand euros was guaranteed, as of January 2022, according to new data from Eurostat. The federal minimum wage in the United States was EUR
Estonia and Austria have the cleanest economies in Central and Eastern Europe (CEE) according to the latest annual report by the anti-corruption NGO Transparency International (TI). Austria and Estonia ranked joint 13th worldwide, of the 180 countries surveyed, after scoring 74 out of 100 on TI’s 2021 Corruption Perceptions
The EU’s CO2 trading mechanism is a“roller-coaster” and fixed-price contracts would stabilise the situation and offer better conditions to electricity sellers, Estonia’s Prime Minister Kaja Kallas told Parliament on Tuesday. Soaring energy prices in the Baltic country have sparked debate inside the progressive Estonian governing coalition of
Price rises in Central and Eastern Europe (CEE) countries were mostly above the Eurozone average of 4.9% in November, as inflation surged at the highest rate for 25 years, according to the latest data of the Organisation for Economic Cooperation and Development (OECD). Lithuania had CEE’s highest year-on-year
Business services and products including fintech are the key field for startups in the Baltics. Fighting fraud, data visualizations and effective work tools. Startups offering business services from the Baltic countries of Estonia, Latvia and Lithuania, (combined population circa 6.2 million) now number the thousands. As well as fintech,
In our second deep dive into the Baltic tech business scene, CET looks at startups that take physical health and psychological well-being equally seriously, especially in the wake of the global pandemic outbreak in 2020. Finding a niche Modern health startups are increasingly tailor-made for different audiences and groups. While
In our first deep dive into the innovative Baltic startup scene, we look at companies with new approaches to recycling, reforestation, oil disposal and even nuclear energy . Fighting deforestation with satellites Estonia’s Single.Earth was founded two years ago based on a belief that it is possible to save
This week The Central European Times investigates the startup scenes of the three innovative but diminutive Baltic countries Estonia, Latvia and Lithuania, whose small size makes companies open and internationally oriented from day one. Read our exclusive reports on environmental startups in the Baltics here, healthtech startups here and cutting-edge