A collection of 355 posts
Every country in Central and Eastern Europe (CEE) has increased its research and development (R&D) intensity over the last decade, according to EU statistics agency Eurostat. Poland and Czechia were the regional frontrunners from 2010-20, as they both increased intensity – i.e. R&D expenditure as a
Hungarian porn baron Gyorgy Gattyan has announced plans to found a party and field candidates in all of Hungary’s constituencies in the upcoming national elections. The reclusive Gattyan, who is worth around EUR 663 million, according to Forbes Hungary, this week told TV presenter Sandor Friderikusz’s podcast of
Poland’s currency, the zloty (PLN), saw a 12-year low against the euro, while the Hungarian forint (HUF) also plunged to a new historic low this week. On Monday, one euro was worth PLN 4.72 at the zloty’s weakest point, while one euro equaled HUF 370.24 in
The European Commission (EC) has ordered Hungary and Poland to account for alleged rule of law violations that may significantly affect funding to two of the bloc’s biggest recipients. Poland has been given two months to clarify what ruling party PiS calls a “streamlining” of its judicial system, but
Serbia and Hungary are the Eastern European countries most exposed to Russia and China, a new study found. Czechia and Romania are most resilient CEE states regarding Russo- and Sino-influence , according to the Globsec Policy Institute report. Over two years and in eight countries, the Bratislava-based think-tank looked at five
Strengthening energy sovereignty and energy security, maintaining affordable energy prices and decarbonising energy production can only be achieved through the combined use of nuclear and renewable energy, according to a joint declaration signed by János Süli, Hungary’s Minister without Portfolio responsible for the country’s Paks 2 nuclear facility
The US national public health agency yesterday began advising American tourists against visiting Hungary or Czechia, two of the world’s leading destinations for winter tourism. The countries were raised from the third to the top “Level 4: COVID Very High” category by the Centers for Disease Control and Prevention
Hungary’s government is putting a cap on the price of petrol and diesel fuel whose prices have recently soared in the country in the midst of spiraling inflation. Fuel prices there are one-third higher than they were at the beginning of 2021, with the price of petrol having reached
Leaders of the Visegrad 4 (V4) group of countries – Czechia, Hungary, Slovakia and Poland – have invited South Korea’s industries to participate in the building of a high speed railway project that would connect two capital cities in central Europe. Their overture took place in the context of the prime
South Korea’s president and representatives of the Visegrad 4 (V4) group countries have pledged to boost their economic cooperation in the fields of electric vehicles, batteries and infrastructure, among others. In their meeting at the V4-Korea Business Forum on 3 November, President Moon Jae-in and the leaders of Czech
In conjunction with South Korean President Moon Jae-in’s 9-day tour of Europe, Slovakia and South Korea have inked a memorandum of understanding (MOU) that could result in the delivery of Korean-built defense training aircraft to Slovakia. Bratislava is looking to replace its fleet of training aircraft and plans on
South Korea’s president, Moon Jae-in, begins a 9-day tour of Europe this week, ending with a meeting of the regional “Visegrad 4” group, where boosting business cooperation in areas like batteries and electric vehicles will be on the agenda. Today, president Moon is scheduled to meet with his Hungarian
Hungarian entrepreneurs who were left out of pocket due to the nationalisation of tobacconists finally look set to receive compensation for missing revenues. The deadline for damages applications from Hungary’s e-cigarette traders passed on Sunday 31 October, 2021, almost a decade after the government introduced a state monopoly of
Croatia’s Supreme Court sentenced MOL chairman-CEO Zsolt Hernadi and the country’s former prime minister Ivo Sanader to prison sentences for bribery on Monday. Hernadi paid Sanader EUR 10 million in bribes in 2008-09 to secure Hungarian energy firm MOL’s management rights in its Croatian peer INA, the
Daimler AG has begun production of a purely electric model, the Mercedes-Benz EQB, at its Mercedes plant in Kecskemét, Hungary. An investment of HUF 50 billion was made into the German carmaker’s facility toward the new product line, with Daimler putting up HUF 35.5 billion and the Hungarian