A collection of 353 posts
Slovenia has announced an increase in border controls with Croatia and Hungary, citing national security and escalating concerns over irregular migration, particularly linked to developments in Syria, where the al-Assad regime was recently toppled after over 50 years of repressive rule. The new measures were put into place after discussions
Digital news consumption in Central and Eastern Europe (CEE) is transforming, driven by evolving audience habits, technology adoption, and growing mistrust in traditional media, according to Reuters Digital News Report 2024. Internet penetration and smartphone usage have enabled a rapid shift online, but challenges related to declining trust in news
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
Romania’s Constitutional Court (CCR) annulled the country’s presidential election on Friday, 6 December after the emergence of evidence of Russian interference in the lead-up to the first-round vote late last month. Pro-Russian ultranationalist candidate and political newcomer Calin Georgescu unexpectedly won the first round of voting on 24
The Hungarian forint plummeted to a near-historic low against sterling on Monday morning, with a British pound buying HUF 501.5. For Hungary, heavily reliant on imports, the forint’s fall inflates the cost of goods. When coupled with high interest rates, this inflation creates a precarious economic environment. The
Romania’s GDP per capita, measured in purchasing power parity relative to the EU average, has surged from 25% in the early 1990s to nearly 80% today, catching up with its Central and Eastern European (CEE) peers Poland, Slovakia, and Hungary, according to a new analysis. In the last three
Poland was the world’s largest gold buyer in the second and third quarters of 2024, and central banks across Central and Eastern Europe (CEE) are enlarging their gold reserves at an unprecedented pace, according to World Gold Council data. The trend has positioned CEE as a major global buyer
European Commission (EC) President Ursula von der Leyen looks set to push through her new team of commissioners and executive vice-presidents this week, following a contentious process that has exposed political divides in the European Parliament (EP). EC executive vice-presidents and commissioner-designates were selected after weeks of disputes between the
Hungary’s electricity market has become a focal point for speculative trading, driven by a combination of renewable energy imbalances and the rise of algorithmic trading, Hungarian media reported. Denmark leads charge in algorithmic trading Danish firms, leveraging advanced forecasting tools, are exploiting price fluctuations in Hungary, which lacks the
Central and Eastern Europe (CEE) is a rising force in artificial intelligence (AI) and startups in the region raised EUR 1.4bn in funding between 2023 and 2024, The Recursive writes in its second report entitled “The State of AI in CEE 2024”. Despite a less-than-perfect global funding environment, geopolitical
As Donald Trump officially declared his victory in the US election, he received congratulations from numerous Central and Eastern Europe (CEE) leaders including Polish President Andrzej Duda and Hungarian Prime Minister Viktor Orban. However, CEE politicians and observers are now wondering what the leadership change in Washington will bring, as
European leaders committed to developing a defence industry base and enhancing EU competitiveness at an informal European Council summit in the Hungarian capital last week. Summit at pivotal moment for US, EU politics The two days of meetings in Budapest came the same week as Donald Trump’s victory in
Hungarian Prime Minister Viktor Orban, no stranger to political brinkmanship, went all in on Donald Trump’s election victory: a win that was by no means assured when he paid a surprise visit to the US in July. Hungary currently holds the six-month rotating EU presidency, and Orban has repeatedly,
In the wake of the parliamentary elections in Georgia held on 26 October 2024, international reactions ranged from congratulations to expressions of concern over the integrity of the electoral process. Doubts over the legitimacy of last weekend’s vote have placed the country at the centre of a geopolitical tug-of-war,
Central and Eastern Europe (CEE) economies have largely overcome the so-called middle-income trap, but face challenges around sustainable growth and convergence with Western European living standards, Dutch multinational banking and financial services corporation ING bank found in a study that looked at key development trends in Poland, Hungary, Czechia, Romania