A collection of 326 posts
As the EU accelerates its shift to electric vehicles by outlawing internal combustion engines by 2035, the auto industries in Central Europe are transiting to e-mobility. Battery plants can play a key role in the absorption of manpower as conventional car making is phased out, while pulling in new electronic
Czech Prime Minister Petr Fiala will travel to the Netherlands this week to open a new terminal, according to an agreement made in June. “On Thursday, I am going to the Netherlands to ceremoniously open a new LNG terminal, thanks to which the Czech Republic will have an alternative in
Polish greenfield solar power project Toren Spolka Akcyjna agreed a 100% share purchase agreement with the Swiss-based energy company MET Group on Friday. The solar power plant is expected to achieve ready-to-build status in 2023. Toren Spolka Akcyjna is planning to start a 60MWp photovoltaic project close to the German
Poland will sign executive agreements with The Republic of Korea on Friday to equip the Polish Army with its first shipments of K2 Black Panther battle tanks and K9 self-propelled gun-howitzers, Poland’s Deputy Prime Minister and Defence Minister Mariusz Blaszczak announced in an interview on Thursday. “The contracts for
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
Corruption is considered a very serious problem by 59% of business leaders in Romania, the highest percentage in the EU, according to a recent survey from Ipsos European Public Affairs. Perceptions of graft vary greatly across the continent and business sectors, according to the pollster, which was commissioned to carry
Hungary’s currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central and Eastern Europe (CEE) due to the war in Ukraine and its resultant sanctions, the forint’s fall has been the region’s most precipitous. The fall of the
South Korean defence manufacturers will sign contracts worth EUR 7.53bn with Poland before the end of the month, The Korea Economic Daily (KED) reported. Polish Defence Minister Mariusz Blaszczak confirmed the news on Friday afternoon. The companies involved in what may become a long-term bilateral relationship include Korean Hyundai
The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally, impacting emerging markets. As investor sentiment became more risk averse, investors have turned to the dollar, and the Polish zloty and the Czech crown both weakened against the greenback. However
The European Innovation Council (EIC) will award grants or equity investments of up to EUR 17.5mn to six “high potential” startups from Poland, Estonia and Bulgaria, it announced Wednesday, 8 June. Poland had three grantees announced on Wednesday: Ecoplastomer, which develops technology for plastic and rubber waste, Camino Science,
MEPs are planning to protest the transfer of a EUR 35.4bn EU stimulus package to Poland, arguing that the country has not adequately addressed disputes over judicial independence and Rule of Law in the country. The European Commission (EC) last week approved Poland’s COVID recovery plan, despite a
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth country to do so, and the first since Lithuania in 2015. Having received positive assessments of the ECB and the European Commission, the path for euro adoption is now
Croatia is currently boosting its own gas security in preparation for next winter, Energy Minister Davor Filipovic announced. By 1 November, Croatia will have filled its only underground gas storage facility in Okoli, central Croatia, by up to 90%, Filipovic told state broadcaster HRT. Filipovic was speaking after a report
The European Commission (EC) is about to release the EUR 36bn Recovery and Resilience Plan (RRP) funds to Poland that were suspended over disagreements regarding the independence of the country’s judiciary. The EU will release the grants and loans on condition that Poland dismantles its disciplinary judicial chamber and
NATO has around 30 surveillance and fighter jets in airspace outside of Ukraine and Belarus at any moment according the defence alliance, in response to Russia’s invasion of Ukraine. NATO also released an infographic outlining the allied aircraft able to be deployed in airspace in Central and Eastern Europe