A collection of 305 posts
Volkswagen is putting its plans to construct a new electric vehicle (EV) “gigafactory” in Central and Eastern Europe (CEE) on hold due to a decline in demand EVs, VW Group Chairman Oliver Blume revealed. The group, which already has three gigafactories, had been considering the construction of a fourth, with
Although Poland’s ruling Law and Justice (PiS) received the most votes of any single party at the weekend elections, it was the opposition Civic Coalition (KO) who were celebrating on Sunday night. Youth voters were mobilised and turnout was an unprecedented 74.38%, as three opposition groups won mandates
In a pivotal national election, Poland’s opposition leader, Donald Tusk, has declared victory, signaling the end of the Law and Justice party’s eight-year reign in power. The triumph of Tusk’s Civic Coalition is set to reshape the political landscape in Poland. Following the declaration of victory on
With energy-intensive industries to sustain, Central and Eastern Europe (CEE) is turning to nuclear power to simultaneously meet energy needs and climate targets. Nuclear looks set to be around 50% of the energy mix of several CEE countries within years. The war in Ukraine transformed Europe’s energy landscape, and
US nuclear power company Westinghouse Electric and US engineering firm Bechtel officially announced a collaborative agreement for the design and construction of Poland’s inaugural nuclear power plant in Lubiatowo-Kopalino, Pomerania, north Poland, on Thursday 21 September. Poland’s Climate Minister Anna Moskwa called the news “a significant milestone in
Poland, Slovakia and Hungary have come under criticism from the international community including the EU, Ukraine and Germany for extending prohibitions on Ukrainian agricultural imports. German Agriculture Minister Cem Ozdemir on Monday, 18 September, told the countries: “You show solidarity when it suits you. When you don’t like it,
Poland’s leading political parties made election promises on Saturday, 9 September, as the conservative nationalist ruling Law and Justice (PiS) party and the opposition Civic Coalition (KO) held conferences ahead of the national elections on 15 October. PiS, in power since 2015, is striving to win a third term,
Central and Eastern Europe (CEE) countries Croatia, Hungary, Poland and Lithuania were among the 13 EU member states to request loans from the European Recovery Fund’s Recovery and Resilience Mechanism (RRF), the European Commission announced Friday. The deadline for submissions of loan requests from the NextGenerationEU fund’s resources
The purchase of Apache helicopters is a very good and militarily sensible investment (and) confirms that Poland could have the strongest army in NATO after the United States,” former Europe and NATO policy head Jim Townsend told Polish state news agency PAP on Saturday, 26th August. The respected defence expert’
FedEx Express, the world’s largest provider of express transportation services, has inaugurated another facility in Kielce, southern Poland, its sixth in the country. Since 2020, the company has initiated, modernized, or constructed 12 facilities across six countries in Central and Eastern Europe (CEE). In Poland alone, newly established facilities
Polish President Andrzej Duda this week set October 15 as the date for a general election that both sides are calling Poland’s most important since the fall of the Soviet Union in 1989. Poland is an increasingly important player in EU relations, both economically and in terms of defence,
Poland and Czechia are the leading countries in Central and Eastern Europe (CEE) for offering temporary protection status to Ukrainian refugees, according to new figures released this week by Eurostat. According to the EU’s official statistics agency, at the end of June, Poland was giving 977,740 people temporary
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%