A collection of 197 posts
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
The new report on rule of law and governance by the European Commission (EC) gives a mixed picture on Central and Eastern Europe (CEE) anti-corruption efforts, judicial independence, media freedom, and legislative practices. The EC’s Rule of Law Report 2024, its 5th, included assessments of developments in Bulgaria, Czechia,
Romania reported the highest inflation rate in May, of 5.8%, driven by significant increases in housing and utilities prices, according to the latest data from the EU’s official statistics agency Eurostat. Croatia experienced the second highest inflation in Central and Eastern Europe (CEE), of 4.3%, driven primarily
Romanian companies are now obliged to offer customers the possibility to pay for purchased goods and services with credit and debit cards, under new regulations, effective Sunday, June 16. The law does not yet specify that a merchant must have a point of sale (POS) payment machine, as there is
Despite an overall downturn, the Central and Eastern European (CEE) start-up scene showed resilience in the first quarter of 2024, when it secured USD 11.8bn in investor funding. AI continues to attract significant interest, representing about 17% of global funding. Other key industries receiving investments in CEE include enterprise
One-third of the EU-27 member states held local or national elections in tandem with the European Parliament ballot on June 6-9. Of these, three were countries in Central and Eastern Europe: Bulgaria, Hungary and Romania. Romania’s June 9 local elections saw 41 county council president and 3,176 mayor
Pro-European centrist parties performed well in Central and Eastern Europe (CEE) at the European Parliament (EP) elections held from 6-9 June, in contrast to elsewhere on the continent, where far-right parties surged. Tusk consolidates lead in Poland In Poland, the Civic Coalition (KO), led by Prime Minister Donald Tusk, gained
Romania’s Energy Ministry confirmed that it may partner with Serbia to build a third hydroelectric power (HEP) plant on the Iron Gates gorge stretch of the River Danube. The ministry was reacting to a report in Radio Free Europe that said the Serbian Energy Ministry had claimed that a
Romanian Minister of Economy, Entrepreneurship and Tourism Stefan-Radu Oprea and Romanian Chemical Industry Association Romchimica signed a letter of intent regarding joint efforts in the country’s energy transition on Friday, May 17. The document will form the basis of collaboration for the development of initiatives and partnerships between the
Romanians have been consuming more than Hungarians, Budapest-based business website Portfolio writes, and now it has become clear why: wages were already higher in Romania than in Hungary last year. “Regarding purchasing power parity (PPP), 2023 was the first year when the wages of our eastern neighbour came before us,
Per capita income in Slovenia will surpass that of Italy by 2029 when adjusted for purchasing power (PPP), according to the latest International Monetary Fund (IMF) projections, while Lithuania will draw level and Poland will not be far behind. The shift makes good on promises that the Central and Eastern
Lithuania had the lowest annual inflation rate of 0.4% in the EU in March 2024, EU official statistics office Eurostat reports. The EU’s highest inflation rates were also recorded in Central and Eastern Europe (CEE) countries, with the steepest price increases in Romania (6.7%), Croatia (4.9%
A 147.8km stretch of the A7 motorway between Bucharest and Moldova and north Romania will open this year, Romanian Prime Minister Marcel Ciolacu pledged at the Social Democratic Party (PSD) election conference in Suceava, north-east Romania, on Friday, 12 April. Parliamentary elections are scheduled to be held in Romania
Romanian Minister of Environment, Waters and Forests Mircea Fechet warned of the need for action as rising temperatures continue to increase the desertification of the country, speaking at the Romanian Business and Investment Roundtable in Bucharest on 5 April “According to our current science, this can only be combated through
NATO Secretary General Jens Stoltenberg agreed to progress with planning a greater role in coordinating aid to Ukraine on the first of two days of meetings at the NATO Headquarters in Brussels, Belgium, on Thursday 4 April, the 75th anniversary of the signing of the defence alliance’s founding document.