A collection of 45 posts
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
Germany’s Rheinmetall will spend more than EUR 180mn on an ammunition manufacturing facility in Lithuania, the Lithuanian Economy and Innovation Ministry said. The production unit is expected to produce tens of thousands of rounds of ammunition per year. Last week the Lithuanian economy and finance ministries said another EUR
The September 26, 2022 sabotage of the Nord Stream pipelines, a major European energy conduit running from Russia to Germany, remains shrouded in controversy and suspicion nearly two years after the explosions. Investigations have so far failed to definitively pinpoint the perpetrators, but recent reports have added a new complexity
US intelligence discovered earlier this year that the Russian government planned to assassinate Armin Papperger, the chief executive of German arms manufacturer Rheinmetall, which makes artillery shells and military vehicles for Ukraine, CNN reported. Rheinmetall is the largest and most successful German manufacturer of the vital 155mm artillery shells that
Pro-European centrist parties performed well in Central and Eastern Europe (CEE) at the European Parliament (EP) elections held from 6-9 June, in contrast to elsewhere on the continent, where far-right parties surged. Tusk consolidates lead in Poland In Poland, the Civic Coalition (KO), led by Prime Minister Donald Tusk, gained
Poland will invest PLN 10bn (EUR 2.35bn) in securing its eastern border against the rising threat of Russia and Belarus, Polish Prime Minister Donald Tusk said on Saturday, 18 May. Tusk said Poland is “starting a major project to build a secure border, including a system of fortifications, landscaping
The first German troops of a brigade to be fully deployed as the German Army 45th Brigade Lithuania within 4 years arrived in Lithuania on Monday, 8 April, when Lieutenant General and Bundeswehr chief Alfons Mais visited Vilnius. Around 5,000 military personnel and civilians will move to Lithuania, including
Czech photovoltaic distributor Raylyst Solar is the most rapidly growing company in Europe, according to the latest rankings by UK daily the Financial Times and German data platform Statista. Czech entrepreneur Jan Kamenicek founded Raylyst in 2018, and the company now delivers photovoltaic panels in Czechia, Germany, Slovakia, Italy and
Germany’s business with Central and Eastern Europe (CEE) fell last year as the value of goods traded with the region’s 29 countries reduced by 6.5%, the Committee on Eastern European Economic Relations (CEEER) said on Wednesday, 7 February. German imports from CEE and Central Asia fell 9.
The expansion plan of the new ammunition plant of Rheinmetall in Varpalota, west Hungary, has been underway since January, the German automotive and arms manufacturer has revealed. The extension will increase the size of the plant by 20 hectares to some 120 hectares and payroll to around 200 employees. The
German defence industry group Rheinmetall has acquired a 72.5% stake in Automecanica Medias from Romania, estimating that it will have an annual sales potential of up to EUR 300mn. The rest of the company’s shares will remain in private ownership. The contract still requires approval from the relevant
Romania’s development and evolution are defined by resilience, sustainability, transparency, equity and efficiency, Romanian Prime Minister Marcel Ciolacu told the Annual Meeting of Romanian Diplomacy last week. Romania must enter as many foreign markets as possible, Ciolacu said, and he asked Romanian Foreign Minister Luminita Odobescu to initiate a
The emerging economies of Central and Eastern Europe (CEE) are closing in on their Western neighbours thanks to the emergence of new technologies, and nowhere more so than Poland, according to Britain’s oldest independent research institute. CEE is likely to become a new centre of gravity of economic growth
Poland and Czechia are the leading countries in Central and Eastern Europe (CEE) for offering temporary protection status to Ukrainian refugees, according to new figures released this week by Eurostat. According to the EU’s official statistics agency, at the end of June, Poland was giving 977,740 people temporary
The top 11 inflation rates in the EU were in Central and Eastern Europe (CEE) countries in June 2023, according to new data figures published by Eurostat, the EU’s official statistics office. All of the EU member states in CEE registered inflation over the EU average of 6.4%