Hungary China’s new friend in the EU – CET analysis
Chinese President Xi Jinping’s recent visit to Hungary underscores the geopolitical importance of the growing bilateral friendship. China's new investments in...
energy
International press assess Xi’s European visit
As Chinese President Xi completed his trip to Europe, he held a conference with Hungarian Prime Minister Viktor Orban, with whom...
Xi’s visit sparks future Huawei, 4iG collabs
China's Huawei and Hungary's 4iG signed a letter of intent to establish a common cloud service platform for Hungarian companies and...
Budapest holds fourth climate summit
The fourth Budapest Climate Summit on December 4, brought together over 40 speakers from 25 countries to discuss climate change challenges...
Auto sector slides down large company list – Coface CEE Top 500 study
Automotive and Transport has dropped to third place amongst large companies in CEE, as business sectors of Central and Eastern European...
EU needs EUR 700bn/year to meet climate goals
Europe will require annual investments of more than EUR 700bn (USD 762.44bn) to meet its energy transition goals to combat climate...
CEE needs to prioritise climate plans – report
Central and Eastern European (CEE) countries may hinder the EU's ability to meet its climate goals, according to campaigners who are...
Europe playing catch-up with China in ‘battery battle’ – Romanian economy minister
"Romania, and Europe, have lost the battle with China in certain segments, such as battery production, but we are trying to...
Hungary blocks EU’s Ukraine arms package after Kiev sanctions OTP bank
Hungary has vetoed EUR 500mn worth of arms funding from the EU to Ukraine, Italian media first reported on Monday, which...
Falling energy prices hit MOL’s Q1 figures
Sharply falling energy prices are good news for the population and almost all market segments and the population alike, but large...
Poland’s Orlen losing millions over Russian oil ban
Poland's state-controlled oil company, PKN Orlen, is facing significant losses due to the EU banning Russian crude oil. The company is...
Poland’s Orlen seals Lotos sell-off to Unimot
Polish energy giant Orlen announced the completion on Friday 7 April of the process of implementing remedies, and Lotos Terminale finally...
Enel to sell Romanian arm in EUR 1.26bn deal
Enel will sell its Romanian operations to Greek group Public Power Corp (PPC) for EUR 1.26bn, the Italian utility group announced...
Poland oks Turow mine’s permit till 2044
Poland has extended the operational license of its highly-polluting Turow lignite mine by 22 years, the Czech Environment Ministry revealed on...
EU widens embargo on Russian diesel, oil
The European Union expanded its ban on Russian diesel fuel and refined oil products with immediate effect on Sunday 5 February,...
Gazprom failed to make January payment for Czech gas transit, minister confirms
Net4Gas, Czechia's natural gas transmission system operator, had not received its contracted monthly payment from Russian state-owned Gazprom by 4 January,...
Poland, Baltics opt in on green hydrogen corridor project
The national grid operators of Poland and the three Baltic countries signed a cooperation agreement with their German and Nordic peers...
Romania, Hungary sign deal to lay world’s longest electricity cable
Hungary and Romania were among the four signatories of an agreement to construct a 1,100km (685 mile) power line under the...
Eight CEE countries push for ‘significantly lower’ EU gas price cap
A total of eight Central and Eastern European (CEE) countries have co-signed a paper with four other EU member states that...
PMs discuss new Slovenia-Hungary gas link
Slovenian Prime Minister Robert Golob and Hungarian Prime Minister Viktor Orban have discussed building a pipeline to transit Algerian gas when...