A collection of 208 posts
Romanian lorry drivers urged their government to “relentlessly lobby” for the country to join the Schengen zone on Monday, asserting that preventing lengthy delays at its border with Hungary would increase freight volumes by around 20%. On Monday, Europa 2002 Haulier Employers’ Association chairman Adrian Pop echoed the sentiments of
The loan-book performance of banks in Central and Eastern Europe (CEE) is set to worsen as interest rate hikes take their toll on the loan repayment capacity of borrowers, according to a report released by Moody’s on Thursday. The credit rating agency notes that although CEE region’s inflation
MEPs backed Bulgaria and Romania joining the Schengen zone in the coming months by an overwhelming margin on Tuesday. Of the 639 members of the European Parliament (EP), 547 voted in favour of the proposal to 49 against and 43 abstentions. After the vote, Romanian Prime Minister Nicolae Ciuca tweeted
Passenger car production was up 21.2% year-on-year, to 381,971 units, in Romania in the first three quarters of 2022, according to figures released Monday. Of these 230,078 unites were Dacia and 151,893 Ford models, the Romanian Automobile Manufacturers Association (ACAROM) reported. The figures represented a rise
The Romanian Energy Ministry has launched a renewable energy tender call worth EUR 457.7mn for projects totalling 950MW capacity, which will be open to wind and solar with the added possibility of links to storage. Some EUR 372.7mn will go to projects over 1MW, and EUR 75mn to
Ryanair CEO Michael O’Leary said his budget airline has no plans to withdraw from Hungary but will cease some services in the winter months in response to the government’s “idiotic” windfall tax on airlines, at a press conference in the Hungarian capital of Budapest on Tuesday. The move
German Chancellor Olaf Scholz emphasised the urgency of accession for aspiring EU members in Central and Eastern Europe (CEE) when he met with Czech Prime Minister Petr Fiala in Prague. Scholz also laid out his pan-European policy vision regarding energy, defence, trade, natural resources and migration. “The centre of Europe
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
Estonia has repelled its most severe hacking attack in 15 years, the government announced on Thursday. The hack of the previous day targeted 207 Estonian institutions, including its main online payment platform, according to the country’s digital communications officials. The country’s main banks, health, home, public and education
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
The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills, in part to encourage power saving. In the wake of Russia’s invasion of Ukraine, energy consumer prices are rising 40% year-on-year in the euro zone, drastically reducing disposable incomes,
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
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
Companies from at least nine Central and Eastern Europe (CEE) countries will present their products and services at the upcoming military, aeronautical and security equipment exhibition Black Sea Defense and Aerospace (BSDA) in Bucharest, Romania. The biannual event’s organisers describe BSDA as a platform for Romanian companies to establish