A collection of 149 posts
Croatia had the highest share of tourism in total gross value added (GVA) at 11%, EU statistics office Eurostat finds in a newly released report entitled “Tourism Satellite Accounts in Europe”. GVA is output produced after deducting the intermediate value of consumption, or gross domestic product added to product subsidies,
The number of pay TV subscribers in Eastern Europe will decline by 8mn from its peak of 81mn in 2018, to 73 million by 2028, according to a new report by Digital TV Research. However, the figures for 2018 included 17mn analogue-cable subscribers, which will have dropped to zero by
NATO’s annual report for 2022 reveals that only 7 countries of the 30-country defence alliance met the military spending target of 2% of GDP. A total of five of the seven countries that reached the target are from the Eastern side of Europe: Lithuania, Poland, Estonia, Latvia and Greece.
Estonia is named the most prosperous country in Eastern Europe, and the 21st globally, in the newly-released 2023 Legatum Prosperity Index. Legatum’s 16th annual survey praises the Baltic country’s “effective policy response” to Covid, which meant “Estonia’s pandemic-period contraction was one of the smallest in Europe”, and
Leaders from the Baltic nations and Poland have called for the utilization of approximately EUR 300bn worth of assets from the Russian Central Bank currently frozen by EU member states, towards the reconstruction of Ukraine. In a joint letter to to European Council President Charles Michel, European Commission President Ursula
Railway infrastructure managers from Czechia, Poland and the Baltics signed a memorandum of understanding (MOU) in connection with building almost 2,800 miles of high-speed railway across Central and Eastern Europe (CEE) on Wednesday. The MOU was signed in Warsaw at the Railway Direction Days conference, and builds on a
More people in Estonia use online banking services than anywhere else in Central and Eastern Europe (CEE), according to a new report by the official EU statistics office Eurostat. In Estonia, 83.36% of residents used digital banking in 2022, with Latvia close behind on 82.45%. Other countries high
The three Baltic countries are the worst hit by the wave of inflation in Europe, according to the latest flash estimate from the EU’s official statistics agency Eurostat. Latvia currently has the highest inflation in the Eurozone, as prices rose 20.7% year-on-year in December, slightly higher than in
The national grid operators of Poland and the three Baltic countries signed a cooperation agreement with their German and Nordic peers on new hydrogen infrastructure linking Finland to Germany via their countries, on Wednesday 14 December. The Nordic-Baltic Hydrogen Corridor signatories from Central and Eastern Europe (CEE) were Poland’s
A total of eight Central and Eastern European (CEE) countries have co-signed a paper with four other EU member states that calls for the EU-wide cap on gas prices to be “significantly lower” than is currently being considered. Gas prices – and consequently inflation – have spiked in Europe since Russia’s
Wizz Air will serve 31% more passengers than Ryanair in Central and Eastern Europe (CEE) and the Caucuses this winter, according a new report that cites Official Aviation Guide (OAG) data. While the Hungary-headquartered airline runs 651 routes to, from and in CEE, this figure is 514 for Ryanair. That
Orlen Unipetrol, owned by Poland’s leading energy company PKN Orlen, will take over 143 petrol stations in Hungary and 39 in Slovakia, the Budapest Stock Exchange announced on Thursday, 1 November. The regional shake-up of retail fuel operators involves all of the Visegrad Four (V4) countries, Poland, Czechia, Hungary
Venture capital (VC) financiers invested EUR 71mn in Lithuanian fintechs in 2021, up from EUR 18mn in 2020, according to The Financial Times’ first ever special report on the country. User-friendly regulation is attracting start-ups, though the UK’s lead will be hard to match, the UK business daily writes
For the ninth consecutive year, Estonia has the best tax regime of the Organisation for Economic Cooperation and Development (OECD) countries, according to the latest International Tax Competitiveness Index (ITCI). Of the index’s top ten countries, five from Central and Eastern Europe (CEE) were included. Estonia’s top ITCI
Household electricity prices rose year-on-year in the first half of 2022, from EUR 22 per to EUR 25.30 per 100 kWh on average, according to the latest report by Eurostat. Meanwhile households across the bloc saw gas prices climb from EUR 6.40 to EUR 8.60 per 100