A collection of 394 posts
Hungarian investment holding Oriens is fast becoming a major player in Czech retail, Slovak business daily Hospodarske Noviny (HN) reports. Oriens has private equity investments in Czechia, Hungary and Slovakia. Having fully acquired Flosman in 2021, it now plans to take over the shops of peer Pramen CZ. The Pramen
Leaders in Central and Eastern Europe (CEE) congratulated Turkish President Recep Tayyip Erdogan after his re-election on Sunday, 28 May, after a tough election campaign that posed a significant challenge to his two-decade-long rule. Having sealed another five years in power, Erdogan holds a position of considerable influence in regional
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the EU’s official statistics agency Eurostat. This constituted 6.3% of those in that age group, a historic low since 2009, it added. The lowest rate in Central
Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday, which the government spokesperson’s office then confirmed. The funding would be the eighth transfer from the European Peace Framework (EPF) to finance arms shipments to the country since Russia
Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but large energy companies can be less happy, Hungarian business website Portfolio reported. The explains the price falls as due to an “exceptionally mild” winter and European’s successful decoupling from
The purchasing power of salaries in Hungary is falling due to record-high inflation, local business outlet Portfolio reported, citing the “devastating picture of consumption” in recent data from the Hungarian Statistics Office (KSH). At the beginning of 2023, the purchasing power of earnings fell 7-8% in Hungary, after wage increases
Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently released data of the EU statistics agency Eurostat. Just behind the Baltic country were Czechia, with 81.3%, and Hungary (80.2%). The middle grouping of the EU member
Agriculture Minister Zdenek Nekula is right when he says Czech farmers are overplaying the role of Ukrainian wheat on their current travails, according to analysts cited by Czech business daily Hospodarsk Noviny (HN). In contrast to Poland, Slovakia, Bulgaria and Hungary, Czechia has rejected the idea of banning imports from
Romanian Minister of Agriculture Petre Daea expressed solidarity with farmers from Poland, Hungary, Bulgaria and Slovakia – who all unilaterally stopped Ukrainian farm imports last week – after meeting his Ukrainian counterpart Mykola Solsky on Friday, 21 April, digi24.ro reported. However Daea said “we must make the rules together, not enter
Croatia had the highest share of tourism in total gross value added (GVA) at 11%, EU statistics office Eurostat finds in a newly released report entitled “Tourism Satellite Accounts in Europe”. GVA is output produced after deducting the intermediate value of consumption, or gross domestic product added to product subsidies,
Poland and Hungary have temporarily ceased importing Ukrainian grain and other agricultural produce, defying warnings from the EU that unilateral action would violate its trade policy. Following Poland and Hungary, the Slovak government also announced that it would temporarily restrict the import of grain and other products from Ukraine, citing
Romania, Poland, Hungary, Bulgaria and Slovakia expressed concern in a letter to the European Commission (EC) on Friday over an “unprecedented” increase in the number of Ukrainian grains, oilseeds, eggs, poultry and sugar in their countries. Large quantities of cheaper Ukrainian grains have been redirected to countries in Central and
Hungary could realistically replace Russian gas imports, according to local analysts, who say its dependence is reliant on the will of Hungarian politicians and economic players. Gas supply already shifting away from Russia Hungary’s procurement of sources has broadened and the partial replacement of Russian gas has begun, local
The number of pay TV subscribers in Eastern Europe will decline by 8mn from its peak of 81mn in 2018, to 73 million by 2028, according to a new report by Digital TV Research. However, the figures for 2018 included 17mn analogue-cable subscribers, which will have dropped to zero by
Hungarian National Bank (MNB) Governor Gyorgy Matolcsy has once again harshly criticised Hungarian Prime Minister Viktor Orban’s economic policy, business website Portfolio reported. Speaking about the MNB’s 2021 results in Parliament on Wednesday 9 March, Matolcsy said if inflation is due to external causes, then the central bank