A collection of 381 posts
Increasing robotisation does not lead to more layoffs, according to a newly released study of worker flows in Central and Eastern Europe (CEE). Automation boost hirings in developing economies by 1-2%, contrary to the pervasive idea that robots are replacing human workers, according to the research into workplaces in 16
Hungarian Prime Minister Viktor Orban will visit Moscow on 1 February to discuss Rosatom’s expansion of Hungary’s sole nuclear power station in Paks,” his top diplomat revealed in an interview with Russian state news agency TASS. “We would like to see the two new reactors operational by the
French President Emmanuel Macron singled out Hungary and Poland in connection with alleged rule of law violations as he outlined the priorities of France’s six-month rotating presidency that runs until the end of June. Speaking at the European Parliament, Macron invoked “the three historic promises of post-war Europe – democracy,
The European Investment Bank (EIB) has suspended a EUR 200 million credit line towards the expansion of Hungary’s Budapest Liszt Ferenc International Airport over a failure to conduct any environmental impact assessments. The airport’s plan to extend the facility and increase passenger traffic by 50% over eight years
Hungary will hold an election on April 3 when nationalist Prime Minister Viktor Orban will compete with an opposition alliance fronted by a conservative outsider, Hungarian President Janos Ader announced Tuesday afternoon. While some of Orban’s policies since he won an election landslide in 2010 have been popular, most
The European Commission (EC) has greenlit Hungary extending EUR 24 million in state aid towards the expansion of a South Korean firm’s factory that makes copper foil for electric vehicle (EV) batteries. Volta Energy Solutions is investing EUR 206 million in upping the operational capacity of its plant in
Hungarian Family Minister Katalin Novak accepted ruling Fidesz’s nomination for her to become president of Hungary on Tuesday. Novak, 44, tweeted “To represent Hungary, to serve the whole Hungarian nation – I am preparing for this challenging task with faith, spirit and heart. I respectfully accept the nomination as President
Hungary is not likely to gain access to EU pandemic recovery funds before elections take place next spring, said French President Emmanuel Macron, who paid a visit to Budapest on Monday. Macron said the EU would not send any stimulus fund payments to Hungary because the country is not showing
Eastern Europe will be high on the agenda during France’s six-month EU rotating presidency tenure which will commence in under three weeks, French President Emmanuel Macron underlined on Thursday. Without specifically naming Poland and Hungary, Macron called the rule of law “non-negotiable” for the EU and urged countries to
US President Joe Biden discussed the threat of a possible Russian attack on Ukraine with numerous NATO member countries in Central and Eastern Europe (CEE) on Thursday. Speaking with the leaders of Bulgaria, the Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania and Slovakia for 40 minutes, Biden pledged to
The European Strategy Forum on Research Infrastructures’ (ESFRI), designed to integrate Europe on scientific research collaboration, recommends massive investment into nearly a dozen shared research facilities in Europe. According to it’s latest roadmap, published this week, over EUR 4bn should be dedicated to building 11 new labs, among them
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