Geopolitical cohesion key driver of EU trade - Deloitte report
“For Europe, analysis of the historical data shows that a 1% drop in geopolitical alignment is associated with a corresponding 1% decline in trade intensity,” Deloitte observed.
Slovakia
A collection of 195 posts
Fico: Ukraine will ‘have to pay dearly’ at Trump-Putin talks
Slovak Prime Minister Robert Fico said Ukraine would bear the cost regardless of the outcome of a planned summit between US President Donald Trump and Russian President Vladimir Putin.
V4 braces for new US tariffs
Polish Prime Minister Donald Tusk warned that the duties could cost Poland more than USD 2bn and hurt agriculture and manufacturing, although he called the compromise deal a “lesser evil” to a threatened 30% tariff.
EU, US agree to 15% tariff rate, averting Trump trade war
European Commission (EC) President Ursula von der Leyen agreed a new trade deal with US President Donald Trump at Turnberry, south-west Scotland, on 27 July, setting a ceiling of 15% on tariffs for EU goods and averting a wider transatlantic escalation.
Austria should consider NATO membership - Meinl‑Reisinger
Finland and Sweden abandoned their long-standing neutrality and joined NATO in 2023 and 2024 respectively, citing heightened security threats from Russia. Austria, bordered by NATO members Czechia, Slovakia, Hungary and Slovenia, is increasingly the odd one out in Central Europe’s defence landscape.
Poland, Czechia, Baltics lead Ukraine recovery push, Hungary, Slovakia reject plans
CEE contributions include cross-border logistics, public-private coordination platforms, and green recovery initiatives. Regional forums such as the Three Seas Initiative are also expected to play a larger role in financing and implementation.
Poland leads EU funding recipients with EUR 123.3 bn in long‑term budget draft
The European Commission (EC) published long-term budget allocation plans on 17 July, showing Poland set to receive the highest national allocation under the 2028-34 Multiannual Financial Framework (MFF), totalling EUR 123.3bn.
CEE countries jointly oppose EU's 'flexible funding' plan
The signatories, including Poland, Romania, Hungary, Bulgaria, Slovakia, Estonia, Latvia and Lithuania, said the policy’s “visibility and predictability” would be compromised if merged into a broader single investment fund.
CEE distillers pivot to domestic sales as exports fall, tastes shift
Producers in Poland, Czechia and Moldova are rebranding locally and pursuing new strategies to stay afloat after the collapse of major foreign markets, in the wake of Russia’s invasion of Ukraine and Western sanctions on premium alcohol.
NATO endorses 5% defence spending framework at The Hague summit
Under the Hague Investment Plan adopted on 25 June, NATO members committed to raise annual defence-related spending to 5% of GDP by 2035. The 5% comprises 3.5% on conventional military capability and 1.5% on infrastructure, cyber-defence and civil preparedness; including support for Ukraine. cet
Baltics surge for household consumption, Hungary slumps
Hungary has now fallen to the lowest position in the EU for actual individual consumption (AIC), despite its starting position ahead of several regional peers two decades ago.
Poland leads EU troop training effort for Ukraine
Polish Deputy PM and Defence Minister Wladyslaw Kosiniak-Kamysz said in April that Poland’s defence strategy prioritises frontline support and rapid capacity building. He added that Poland “will not turn anyone away” from its training centres, including non-combat personnel.
CEE diversifies on gas, as Merz decries Nord Stream 2 'mistake'
In late May, Merz said Nord Stream 2 must stay closed to “weaken Moscow's war machine” and also declared that his government would “do everything” to prevent the pipeline from going online.ce
China deepens CEE links on agro, rail, as bilateral trade climbs 6.3%
China's trade with Central and Eastern Europe (CEE) reached USD 142.3bn in 2024, marking a 6.3% year-on-year increase, surpassing China's overall foreign trade growth rate by 2.5 percentage points, according to China's General Administration of Customs. The total marked a 4.
CEE’s minimum wage surge spooks small business groups
Nominal minimum wages in Romania and Bulgaria have more than doubled in the last decade, with the sharpest growth before 2020. Czechia and Slovakia now apply EU-aligned benchmarks for annual adjustments.