A collection of 347 posts
Estonia, Latvia, Lithuania, and Poland are seeking EU financial support for a coordinated network of military fortifications along their borders with Russia and Belarus. “The security situation demands comprehensive defences,” Estonian Defense Minister Hanno Pevkur said, adding that “the Baltic Defence Line supports NATO’s forward defense and is vital
US firm Intel has decided to delay its semiconductor plant project near Wroclaw, west Poland, until 2026 due to the company’s worsening global financial situation, the Polish Digital Affairs Ministry announced on Monday, 17 September. The ministry said Poland remains committed to semiconductor investments and plans to use its
Poland’s strategic energy giant PKN Orlen has signed a five-year exclusive deal with Lithuanian energy terminal operator KN Energies to up the supply of liquefied natural gas (LNG) to north-east Poland and the Baltic countries. Under the deal, effective until the end of March 2030, Orlen will have sole
Polish online platform eSky’s GBP 30mn (EUR 35.5mn) purchase of Thomas Cook from China’s Fosun Tourism Group signals a broader westward expansion trend of companies from Central and Eastern Europe (CEE), and media outlets in the UK and Poland are taking note. Emtech, Pepco among Polish firms
Polish Prime Minister Donald Tusk declared a state of disaster and confirmed that 1,600 people have been evacuated in Klodzko, south-west Poland, as Central and Eastern Europe (CEE) faced torrential rains brought by Storm Boris, which has led to widespread flooding and causing numerous deaths across countries including Romania,
Saudi Arabia has launched a new business council to deepen its economic ties with Central and Eastern Europe (CEE) and tap into emerging investment prospects in the region, the Saudi Press Agency reported. The Federation of Saudi Chambers has announced the council’s establishment for the 2024-28 term, under its
Polish Prime Minister Donald Tusk vowed to tackle inflation, drive record economic growth, and bolster key investments in energy and infrastructure when he unveiled the country’s 2025 budget on Friday, 30 August. Tusk said his government has set a high bar for the budget. “We aim to keep inflation
The new Polish deposit container-deposit system will launch in the autumn and be operated by eight enterprises, not six as earlier reported, although only three are currently licenced. The Polish Ministry of Climate and Environment said it will increase inspections in the lead up to the systems going operational in
As the EU assesses its defence strategies amidst escalating geopolitical tensions, South Korea has emerged as a significant player in the Central and Eastern Europe (CEE) defence market. Korea makes strategic defence exports to CEE South Korea’s defence industry has gained notable traction in CEE, where countries are upping
Romanian Prime Minister Marcel Ciolacu has requested that his country’s upcoming European Commissioner focuses on economic policies, following a meeting with European Commission (EC) President Ursula von der Leyen in Brussels on Thursday. “I want a portfolio that is highly relevant, given that we are the sixth largest country
Indian Prime Minister Narendra Modi discussed collaborations on AI and startups with Poland during his recent tour of Central and Eastern Europe (CEE). Modi’s visits to Poland and Ukraine, occurring just weeks after a contentious meeting with Russian President Vladimir Putin in Moscow, highlight India’s attempt to maintain
Support for introducing the euro in Poland has decreased in the last year, pollster SW Research found, in a survey commissioned by the Economic Freedom Foundation. The proportion of Poles who back joining the eurozone in Poland “in the coming years” decreased year-on-year, from 34.9% in 2023 to 30.
Polish Prime Minister Donald Tusk advised caution to European politicians calling for Hungary’s expulsion from the Schengen area, as it could in turn lead to its departure from the EU, on Friday, 9 August. Schengen member Hungary’s unilateral easing last month of visa requirements for citizens of Russia
Polish growth private equity firm bValue has successfully raised EUR 90mn for its third fund, significantly boosting its investment capacity. Particularly keen on exploring investment opportunities in Romania, bValue has a strategic focus on software, IT services, and e-commerce, and plans to invest between EUR 5mn and 15mn per project.
Central and Eastern Europe (CEE) is making notable strides in the e-commerce arena, driven by increasing digital adoption and a burgeoning online market, according to a recent analysis by Polish IT solutions provider Exorigo Upos. In 2023, CEE’s e-commerce penetration was 55%, lagging Western Europe’s 80%, underscoring the