A collection of 12 posts
In a new step in the cleaner transport transition, OMV Petrom has inaugurated Romania's largest electric vehicle (EV) hub with 34 charging points of up to 400kW on the A1 motorway near Miercurea Sibiului, central Romania. The site is located on the Rhine-Danube Corridor - one of Romania’
Despite their export-driven economies and strong manufacturing bases, Central and Eastern Europe (CEE) countries may be more resilient to global trade tensions from US tariff policies, than previously assumed, ING bank writes in a new report. Economies have shown resilience - ING While CEE's close ties with Germany
Central and Eastern Europe (CEE) is set for stronger economic growth in 2025, with GDP expected to expand by 2.6%, according to a report by Erste Group. The forecast marks an improvement from previous years, driven by higher consumer spending, increased investment, and inflows of EU funds. Poland boosted
Central and Eastern European (CEE) countries are still navigating post-pandemic economic challenges amid newer geopolitical tensions, according to the Economic Outlook December 2024 report from the Organisation for Economic Co-operation and Development (OECD). Inflationary pressures, labour shortages, and weakened demand from key European markets, most notably Germany, are affecting industrial
Central and Eastern Europe (CEE) economies have largely overcome the so-called middle-income trap, but face challenges around sustainable growth and convergence with Western European living standards, Dutch multinational banking and financial services corporation ING bank found in a study that looked at key development trends in Poland, Hungary, Czechia, Romania
The European Commission (EC) has greenlit Poland’s USD 1.2bn scheme for projects to increase electricity storage capabilities to foster the transition to a net-zero economy under the Temporary Crisis and Transition Framework (TCTF). The move, approved on October 3, 2024, will aid Poland’s shift away from fossil
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday 23 November. The plan details spending for the EU’s one-off supplementary recovery fund, which, like most EU member states, the Hungarian government began to revise in August. The
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
Central and Eastern European (CEE) countries may hinder the EU’s ability to meet its climate goals, according to campaigners who are concerned about their National Energy and Climate Plans (NECPs). European Commission President Ursula von der Leyen has emphasised the European Union’s commitment to achieving a net-zero power
The Council of the European Union adopted legislation Friday on releasing funds for Hungary’s EUR 5.8bn Recovery and Resilience Facility (RRF) plan that had been frozen for 18 months, dependent on the country meeting 27 anti-corruption and judicial reforms. Hungary’s steps have so far failed to convince
Hungary could lose billions of euros from its Recovery and Resilience Facility (RRF) funding entitlement after the European Commission (EC) decided that it is unsatisfied with its rule of law reforms and corruption levels on Wednesday, 23 November. Hungary is officially entitled to EUR 5.8bn of RRF funds as
The European Commission (EC) will cut Croatia’s maximum share of the EU’s Recovery and Resilience Facility (RRF) stimulus programme by around 13% due to the country’s unexpectedly strong economic performance last year. Croatia’s economy shrank 8.1% in 2020, the year that COVID:19 reached Europe,