CEE to get four AI factories under EU initiative

3 min read Austria, Balkan countries, Bulgaria, Business, DACH & Slovenia, Economy, Energy, Poland, Slovenia, V4 & Romania, AI, AIF AUSTRIA, BRAIN++, European Commission, PIAST AIF, SLAIF, SMEs

Central and Eastern Europe (CEE) is set to play a key role in the EU’s push to establish itself as a global leader in artificial intelligence under the new funding initiative Invest AI. European Commission (EC) President Ursula von der Leyen announced the plan at the AI Action Summit

Ukraine, Slovakia ranked most bureaucratic countries

2 min read Baltic countries, Czech Republic, Economy, Estonia, Hungary, Lithuania, Slovakia, V4 & Romania, Bureaucracy Index, INESS, SMEs

Except for wartorn Ukraine, Slovakia has the most red tape in Central and Eastern Europe (CEE), according to the latest Bureaucracy Index, an annual report by the Institute of Economic and Social Studies (INESS). The Bureaucracy Index measures the time and resources businesses must dedicate to compliance with government regulations.

Moldovan industrial sector to get EU cash

2 min read Eastern Europe, Economy, EU, Moldova, News by country, Dumitru Alaiba, European Union, Janis Mazeiks, OED, SMEs, START, Vadim Codreanu

A total of 59 companies have been awarded non-reimbursable funding totalling some MDL 25mn (EUR 1.3mn) as part of a MDL 544mn (EUR 28.29mn) EU-led stimulation initiative. Since the beginning of the year, the Organization for Entrepreneurship Development (OED) has already facilitated grants of over MDL 144mn to

Romania earmarks EUR 400mn for SMEs

1 min read Economy, Romania, European Commission, SMEs

A total of EUR 400mn will be available to Romanian short- and medium-sized enterprises (SMEs) from 1 April, as the Start-Up Nation financing line enters a new phase thanks to an agreement with the European Commission (EC), Romanian European Investments and Projects Minister Adrian Caciu announced, news.ro reports. “After