Estonian minister says flexible energy trades could ease soaring prices
Loosening the EU's Emissions Trading System (ETS) would lessen the currently dramatic rises in energy prices, Estonia's Economy and Infrastructure Minister...
Italy uses ‘golden power’ to block another strategic asset sale to foreign interests
Italy has blocked the purchase of global seed producer Verisem by a Chinese-owned group. As part of Prime Minister Mario Draghi's...
Ex-Croatia PM, MOL chief get jail terms for INA bribery case
Croatia's Supreme Court sentenced MOL chairman-CEO Zsolt Hernadi and the country's former prime minister Ivo Sanader to prison sentences for bribery...
Tax regime of ‘e-Estonia’ OECD’s most competitive for eighth year running
The three Baltic states - Estonia, Latvia and Lithuania - are all highly competitive in terms of taxes, according to the latest International Tax...
Nine member states say no to EU energy market reform
The governments of nine EU member states, among them Germany, have signed a joint statement that they cannot back any measure...
Hungary’s first fully electric car rolls off the line in Kecskemét
Daimler AG has begun production of a purely electric model, the Mercedes-Benz EQB, at its Mercedes plant in Kecskemét, Hungary. An...
Hungary closes in on Budapest airport takeover
After years of circling Hungary's main airport, Prime Minister Viktor Orban finally declared the state’s intention to purchase Budapest Liszt Ferenc...
Four-star general nominated to head Romania’s government
Romanian president Klaus Iohannis has designated his country's interim defence minister, Nicolae Ciuca, as prime minister to form Romania's new government...
Regional economies are recovering – Vienna Institute
A leading think-tank has upped its growth forecast for Central, East and Southeast European economies this year to 5.4%, up from...
OTP Bank, Hungary government team up for ‘supercomputer’ project
Hungary's Ministry of Innovation and Technology and Hungary's largest commercial bank OTP will collaborate to create Europe’s largest supercomputer, minister Laszlo...
Latvia reimposes lockdown as COVID rips through Baltics and Balkans
Latvia has announced a month-long COVID lockdown after a surge in infections and hospitalisations, becoming the first EU country to reintroduce...
East-West-divide defines EU summit agenda
The East-West divide will be conspicuous on the agenda when EU heads of state and government gather at the bloc's formal...
Albania, North Macedonia on track for EU accession talks – EC report
Albania and North Macedonia are on the march towards EU accession talks, according to the latest annual European Commission (EC) progress...
Czech startup raises over USD 100m in record “Series A” venture capital round
Czech start-up Rossum will receive USD 100 million in venture capital from a consortium - including General Catalyst, one of the US’s...
Czech legislators plan power transfer, as Zeman unable to perform presidential duties
Czech President Milos Zeman - who was hospitalised on 10 October, the morning after the general election - remains incapable of...
Russia cuts diplomatic relations with NATO
Russia has announced that it will suspend its NATO mission in Brussels after the western military alliance expelled eight employees for...
There is little alternative to Russian gas for Eastern Europe – Hungary signs 10+5-year deal
Russian state-owned Gazprom and Hungarian energy group MVM signed a ten-year gas-supply agreement at the end of August. Under the deal, effective...
Czech government could sink millions into ‘Three Seas’ waterway project
After years of non-engagement, the outgoing Czech Prime Minister Andrej Babis appears to have discovered a new-found enthusiasm for the "Three...
V4 vie to attract VW battery plant
Volkswagen will decide on the location of a new battery cell plant in Central and Eastern Europe in the first half...
Mayor Peter Marki-Zay wins primary vote to run against PM Orban in spring 2022
Peter Marki-Zay, the 49-year-old conservative mayor of Hodmezovasarhely, south Hungary, was announced as the winner of the Hungarian opposition primaries on...