Central Europe / News

Bids reportedly on the table for US Steel’s Slovak unit

bne IntelliNews December 6, 2016

Two major bids have been lodged for US Steel Kosice, one of Slovakia’s biggest employers and the focus of government anger over what it sees as a lack of responsibility from foreign investors, local media reported on December 5.

Central Europe’s factories unsure of Eurozone recovery

bne IntelliNews December 1, 2016

Central European factories remain on an uncertain footing, purchasing manager indices suggest, despite further signs of recovery in the Eurozone.

Hungarian public works schemes just hide problems

Blanka Zoldi in Brussels December 1, 2016

If those on public works schemes were considered as unemployed, the country’s jobless rate would be the highest among the Visegrad countries, rather than the lowest.

Czech lawmakers pass “lex Babis”

Tim Gosling in Prague November 30, 2016

Pushed by the coalition-leading Social Democrat Party, the law targets billionaire Finance Minister Andrej Babis – a likely PM after elections next year – over his numerous conflicts of interest.

OECD views fiscal stimulus and stronger investment as vital for Visegrad and Baltics

bne IntelliNews November 28, 2016

Spending in areas with longer term payoffs are particularly crucial in CEE, where innovation and productivity are low.

Hungary aims to become Central Europe's tax haven

Blanka Zoldi in Brussels November 24, 2016

But foreign investors remain more worried by discrimination, erratic policymaking and skill shortages.

Mid Europa buys Profi in Romania's largest ever retail deal

Carmen Simion in Bucharest November 23, 2016

Enterprise Investors exits Romanian supermarket chain for €533mn after successful expansion programme targeting rural areas.

Poland’s retirement reform riddled with risk

Tim Gosling in Prague November 22, 2016

The Polish government has pushed a bill to lower the retirement age through parliament. The move poses risks for the budget and the economy.

Estonia’s outcast party returns to power

Wojciech Kosc in Warsaw November 21, 2016

Centre Party able to capitalise on coalition deadlock after it refreshes its leadership.

Slovakia’s EU asylum reform proposal exposes continuing splits in bloc

bne IntelliNews November 18, 2016

Slovak officials claimed on November 18 that its ‘effective solidarity’ proposal has been met with interest. That appears at odds with anger expressed by other member states.

Central Europe and Baltics still struggling to cast off corruption, TI survey shows

bne IntelliNews November 17, 2016

The performance of Central European and Baltic countries to stem corruption in the political system continues to be middling to poor, Transparency International’s (TI) Global Corruption Barometer suggested on November 16.

Lithuanian president asks Peasants Party to form new government

bne IntelliNews November 15, 2016

President Dalia Grybauskaite officially asked the Peasant and Green Party to form a new Lithuanian government on November 15.

Lithuanian parties agree new government coalition

bne IntelliNews November 10, 2016

The conservative Peasants and Green Union, surprise winner of the Lithuanian election in October, agreed on a coalition with the Social Democrat Party, the outgoing coalition leader.

Baltics and Poland wary over Nato pledges following US election

bne IntelliNews November 9, 2016

The Baltic states presented a calm front in reaction to the shock victory of Donald Trump in the US presidential election.

Estonian government loses no-confidence vote

bne IntelliNews November 9, 2016

The vote opens the way for the Centre Party, which represents Estonia’s large Russian minority, to take over after more than a decade of Reform Party rule.

Far-right blocks Hungary's anti-immigration constitutional change

bne IntelliNews November 9, 2016

The Hungarian parliament rejects the proposed constitutional amendment against EU migrant quotas as Jobbik votes with left.

Estonian parties tell PM jump or be pushed

bne IntelliNews November 8, 2016

Five of the six parties in the Estonian parliament handed Prime Minister Taavi Roivas an ultimatum on November 8, calling on him to step down or be humiliated in a no-confidence vote the following day.

Regional heavyweights join chase for SABMiller's CEE brewers

bne IntelliNews November 8, 2016

A Polish-Hungarian insurance and energy consortium is amongst a list of six suitors to have submitted preliminary bids for SABMiller’s Central and Eastern European beer brands.

Marks & Spencer to exit several CEE, SEE markets in global overhaul

Carmen Simion in Bucharest November 8, 2016

Stores in Hungary, Poland and Romania to shut as UK-based retailer reports fall in profits.

Sudden collapse of Estonian coalition opens door to ethnic Russian party

bne IntelliNews November 8, 2016

Estonia's three-party rainbow coalition found itself on the verge of collapse late on November 7. The sudden breakdown appears to offer the ethnic Russian Centre Party a route into power.

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