A collection of 338 posts
Only 6% of Ukrainian diesel imports come from Hungary, the head of Hungarian energy giant MOL said at a conference on Saturday, 29 July. MOL CEO Zsolt Hernadi was responding to a recent article by Netherlands daily Handelsblatt, which said MOL’s oil deliveries to Ukraine have doubled in the
Unlike its regional peers, the forint weakened massively this week, as the Hungarian National Bank (MNB) continued to unwind the emergency measures around Europe’s most inflated currency, Hungarian business website Portfolio wrote. Against the euro and the dollar, the domestic currency suffered a significant devaluation, 1.8% against the
The top 11 inflation rates in the EU were in Central and Eastern Europe (CEE) countries in June 2023, according to new data figures published by Eurostat, the EU’s official statistics office. All of the EU member states in CEE registered inflation over the EU average of 6.4%
Polish President Andrzej Duda outlined five key areas for action for NATO on Tuesday, after international consultations in The Hague, The Netherlands, ahead of the upcoming summit of the alliance in Vilnius, Lithuania, on 11-12 July. To help prepare for next week’s summit, Duda met NATO Secretary General Jens
Central and Eastern European (CEE) countries may hinder the EU’s ability to meet its climate goals, according to campaigners who are concerned about their National Energy and Climate Plans (NECPs). European Commission President Ursula von der Leyen has emphasised the European Union’s commitment to achieving a net-zero power
Romania last year recorded the EU’s lowest level of prices for consumer goods and services in households, 42% below the EU average, according to the Romanian National Institute of Statistics (INS), www.digi24.ro reported. Romanian prices are followed by Bulgaria (41% below the EU average) and Poland (38%
US firm Intel plans to build a semiconductor production and testing plant at Miekinia, near Wroclaw, western Poland, Polish Prime Minister Mateusz Morawiecki said on Friday, 16 June. The factory, to be located in the “Legnica Special Economic Zone”, is expected to cost USD 4.6bn, and employ around 2,
Poland’s first agrivoltaic farm, with a target 1GW capacity could be constructed in northern Poland, Gazeta Wyborcza reported Sunday, 18 June. German green energy investor Kelfield signed a letter of intent on the project with Polish photovoltaic manufacturer Corab, at the Intersolar Europe fair in Munich earlier in the
Poland outstretched all of its EU peers for growth in the first quarter of 2023, the bloc’s official statistics office Eurostat reported in its revised data. In Central and Eastern Europe (CEE) – and Europe as a whole – Poland had the highest growth rate of 3.8%, ahead of Croatia
A massive mobilisation of Polish opposition voters and leaders estimated at up to half a million people took to the streets of Warsaw to protest the country’s nationalist government on Sunday, 4 June, Gazeta Wyborcza reported. Poland’s ruling Law and Justice party (PiS) party is currently seven percentage
Only 4.48 million EU citizens aged 15 to 29 found themselves unemployed last year, according to the latest data from the EU’s official statistics agency Eurostat. This constituted 6.3% of those in that age group, a historic low since 2009, it added. The lowest rate in Central
The Polish automotive industry grew by over 21.5% last year to hit an all-time high of EUR 39.7bn, Gazeta Wyborcza reported, citing analytics company AutomotiveSuppliers.pl. This is not only the result of an improved economy, but also inflation, the Polish daily wrote. The automotive industry remains a
Poland’s state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company is struggling to find alternative supplies for its Czech refinery and is losing millions of dollars every day, Polish daily Gazeta Wyborcza reports. PKN Orlen CEO Daniel Obajtek told
Poland has signed with the UK a GBP 1.9bn export agreement to roll out a British short-range air defence system, the latter government announced on Friday, 28 April. According to the agreement, the UK will equip Poland with 22 air defence batteries with UK Common Anti-Air Modular Missiles (CAMMs)
Estonia had the highest employment rate in Central and Eastern Europe (CEE) of 81.9% in 2022, according to the recently released data of the EU statistics agency Eurostat. Just behind the Baltic country were Czechia, with 81.3%, and Hungary (80.2%). The middle grouping of the EU member