The sixth China and Central and Eastern European Countries Local Leaders’ Meeting concluded on 16 October with a firm commitment between the Asian country and Central and Eastern Europe (CEE) officials to deepening strategic cooperation across sectors such as trade, agriculture, and technology.
The two-day summit, held in Yantai, Shandong
The Eastern European countries with large digital economies such as Estonia, Czechia and Hungary are best placed to stimulate growth by increasing sector productivity, according to reports by McKinsey, Microsoft, IT recruiters and other experts. Although ICT wages remain significantly lower in Central and Eastern Europe (CEE) than on the
Slovenia, which holds the EU presidency, has released a progress report on the European Union’s draft artificial intelligence act (‘AIA’) on 29 November. Among the suggested modifications, EU member states would like to retain their national competence over AI affairs in terms of national security and military matters, and
Taiwan could help alleviate Europe’s semiconductor shortage by setting up manufacturing operations in central Europe. With a reputation as a tech heavyweight, the autonomous island claimed by mainland China is host to numerous electronic component manufacturers.
In October, the head of Taiwan’s National Development Council, Kung Ming-hsin, said
Czech start-up Rossum will receive USD 100 million in venture capital from a consortium – including General Catalyst, one of the US’s biggest VC funds – to support its AI document-processing software.
Rossum processes data and devises steps based on that content, reducing manual data entry work by 90%, according to
Start-ups in Central & Eastern Europe (CEE) are just beginning to dip their toes into the “space tech” business, a domain once reserved for governments and one which has high barriers to entry and requires deep know-how, but the region could provide fertile ground for developing a space tech industry.