A collection of 16 posts
Chinese President Xi Jinping will commence a three-day visit to Hungary from Wednesday, 8 May, having arrived in France on Monday, 6 May, where he met French President Emmanuelle Macron and European Commission President Ursula von der Leyen. Xi’s delegation includes Chinese Foreign Minister Wang Yi, Chinese Finance Minister
“Romania, and Europe, have lost the battle with China in certain segments, such as battery production, but we are trying to recover this gap,” Romanian Economy Minister Florin Spataru said on Thursday 25 May, state news agency Agerpres reported. “How do we manage to have a balanced approach in the
Net investments in the Romanian economy were 150.1 billion leu (EUR 3.06bn) in 2022, up 8.5% on the previous year, according to National Institute of Statistics data, Romanian Prime Minister Nicolae Ciuca announced on Friday 10 March. “This demonstrates the confidence of investors in the Romanian economy,
Enel will sell its Romanian operations to Greek group Public Power Corp (PPC) for EUR 1.26bn, the Italian utility group announced Thursday, www.digi24.ro reported. Enel has a strategy of cutting its debts and focusing on green energies, the Romanian website noted. Enel said in a press release
The tensions around the burgeoning relations between Taiwan and Central and Eastern Europe (CEE) will be on the agenda when US president Joe Biden meets Chinese leader Xi Jinping in Bali today (Monday 14, November). Last Monday Lithuania opened its trade office in Taiwan, the same day that the 23-million
Hungarian Sinologist Tamas Matura argued in his recent report for CEPA that China wields little influence in Hungary, despite the Hungarian government’s decade of support for Beijing in the EU. However, shortly after the release of the CEPA report, China’s CATL announced plans to build a EUR 7.
The world’s largest battery maker, China’s Contemporary Amperex Technology (CATL), has agreed to build a three trillion forint (EUR 7.6bn) production plant in Debrecen, east Hungary. Hungarian Foreign Ministry state secretary Levente Magyar said the deal represents the largest ever greenfield investment in the history of the
The G7 group of countries has issued a statement that aligns with the European Union’s recently unveiled Global Gateway Strategy, which aims to finance quality and sustainable infrastructure globally. The G7 Statement on Partnership for infrastructure and investment also commits to narrowing the existing investment gap. Through its strategy,
In an unprecedented development, the EU will make significant investments in new small and medium-sized enterprises as part of the “Accelerator” programme launched by the European Innovation Council (EIC). Previously the EU has previously only issued grants or backed private investors, without taking ownership stakes. EIC director Jean-David Malo told
Estonia received the third most venture capital (VC) per person in the world over the last 12 months, according to business information platform Crunchbase. The Baltic country’s lofty position on the list is mainly due to the multinational Bolt, which raised nearly USD 700 million in a funding round
At a cost of roughly EUR 4 billion, a section of Belgrade’s metro system should be operational by 2028, according to Emerging Europe, which reports that construction of the Serbian capital’s first underground line will begin shortly with the help of Chinese construction firms. This follows the signing
Czech start-up Rossum will receive USD 100 million in venture capital from a consortium – including General Catalyst, one of the US’s biggest VC funds – to support its AI document-processing software. Rossum processes data and devises steps based on that content, reducing manual data entry work by 90%, according to
Developing trade and economic opportunities is the objective of an official delegation from Taiwan set to visit several countries in Central & Eastern Europe (CEE) this October. According to Taiwan’s Ministry of Foreign Affairs, over several days starting on 20 October a group of over 60 Taiwanese officials and
As in the rest of Europe, the cost of both buying and renting property has gone up in Central & Eastern Europe (CEE). Emerging Europe observes that within the region, the highest increases both for rental and purchase are being seen in Croatia, Slovakia, Poland and Estonia. One analyst notes
If you’re traveling to Dubrovnik, Croatia’s southern Adriatic resort town, you no longer need to transit through Bosnia and Hercegovina: the two parts of Croatian territory are now united by a spectacular, 2.5 kilometer-long bridge, linking the mainland with the Peljesac peninsula. For the first time in