A collection of 156 posts
With a EUR 1,074 minimum wage, Slovenia was the only country in Central and Eastern Europe (CEE) where a gross monthly salary of over a thousand euros was guaranteed, as of January 2022, according to new data from Eurostat. The federal minimum wage in the United States was EUR
Household consumption expenditure decreased by an unprecedented 8% in the EU year-on-year in 2020, according to a new survey by the official EU statistics agency Eurostat. However as the EU-27 registered falls in household expenditure, only four countries in Central and Eastern Europe (CEE) were below the EU average 8%
Price rises in Central and Eastern Europe (CEE) countries were mostly above the Eurozone average of 4.9% in November, as inflation surged at the highest rate for 25 years, according to the latest data of the Organisation for Economic Cooperation and Development (OECD). Lithuania had CEE’s highest year-on-year
Universities in Poland, Austria, Czechia, Slovenia and Lithuania will all run projects under the EU’s new research and innovation programme which selected recipients this week. The European Research Council (ERC) will award a total of EUR 619 million to young researchers. Poland will receive eight grants, Austria six, Czechia
Taiwan will extend a USD 1 billion credit line to Lithuania as a gesture of solidarity with the Baltic country, and to help to offset the trade embargo that China has imposed on it. The fund aims to develop Lithuania’s biotech, finance, semiconductor and satellite industries. “We recognise and
Business services and products including fintech are the key field for startups in the Baltics. Fighting fraud, data visualizations and effective work tools. Startups offering business services from the Baltic countries of Estonia, Latvia and Lithuania, (combined population circa 6.2 million) now number the thousands. As well as fintech,
Taiwan will set up a USD 200 million investment fund for Lithuania to offset economic pressure from China, it announced Thursday. Taiwan’s Deputy Foreign Minister Tseng Wen-Sheng said “Taiwan & Lithuania are like-minded partners bound by an unshakeable belief in freedom and democracy. We’ll overcome China‘s threat
In our second deep dive into the Baltic tech business scene, CET looks at startups that take physical health and psychological well-being equally seriously, especially in the wake of the global pandemic outbreak in 2020. Finding a niche Modern health startups are increasingly tailor-made for different audiences and groups. While
In our first deep dive into the innovative Baltic startup scene, we look at companies with new approaches to recycling, reforestation, oil disposal and even nuclear energy . Fighting deforestation with satellites Estonia’s Single.Earth was founded two years ago based on a belief that it is possible to save
This week The Central European Times investigates the startup scenes of the three innovative but diminutive Baltic countries Estonia, Latvia and Lithuania, whose small size makes companies open and internationally oriented from day one. Read our exclusive reports on environmental startups in the Baltics here, healthtech startups here and cutting-edge
China is leveraging its influence over multinational companies operating there, instructing them not to do business with Lithuania, or else. For the tiny Baltic country, that means not having access to Chinese markets. It’s the latest volley in a row with Lithuania over it having allowed Taiwan to open
On Wednesday, the European Commission proposed a so-called “anti-coercion measure”. It would give the European Union the ability to push back – using punitive sanctions against individuals, companies or countries – when they use their power or influence to try and sway EU policy. The rationale behind the measure is that occasionally
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
With Russian troops amassing at Ukraine’s eastern border, negative sentiments toward the Nord Stream 2 (NS2), both within Germany and among its allies in Central and Eastern Europe, are emerging, Newsweek writes. Estonia, Latvia and Lithuania are urging the incoming German coalition to reconsider the gas pipeline, which the
Taiwan could help alleviate Europe’s semiconductor shortage by setting up manufacturing operations in central Europe. With a reputation as a tech heavyweight, the autonomous island claimed by mainland China is host to numerous electronic component manufacturers. In October, the head of Taiwan’s National Development Council, Kung Ming-hsin, said