Central Europe / News

EU leaders hesitate on new sanctions against Russia for Aleppo assault

bne IntelliNews October 21, 2016

EU leaders said they will consider all options against the Syrian government and Russia for atrocities committed in Aleppo, but met resistance from Italy in the issue of imposing new economic sanctions.

Czech parliament approves bill to introduce 55% of GDP debt brake

bne IntelliNews October 20, 2016

The lower house of the Czech parliaments approved a bill to introduce a debt brake mechanism as it seeks to stem future excess borrowing.

Hungary in search of lost competitiveness

Blanka Zoldi in Brussels October 18, 2016

Rattled by a sharp slide in competitiveness, Hungary says it plans to slash red tape. However, erratic policymaking, corruption and the state of the education system are the big issues.

All change at Czech/Slovak energy group EPH

Tim Gosling in Prague October 17, 2016

Patrick Tkac, one of the two main shareholders of the company, has agreed to sell up to partner Daniel Kretinsky.

Cinven, Permira, Mid Europa Partners win deal to buy Poland’s Allegro for $3.253bn

Nicholas Watson in Prague October 14, 2016

A buyout group of Cinven, Permira and Mid Europa Partners won a bidding contest to acquire the Polish online auction site Allegro from South African owner Naspers, in a deal which came above expectations of around $2.2bn.

Poland to face new protest as it rushes to revive abortion issue

bne IntelliNews October 13, 2016

Poland’s ruling party PiS will try again to toughen restrictions on abortion, chairman Jaroslaw Kaczynski said on October 12. That sparked fresh outrage and calls for mass protests similar to those that forced PiS to back down earlier this month.

Newspaper's sudden shutdown raises fears over Hungarian press freedom

Blanka Zoldi in Brussels October 9, 2016

Hungary’s leading left-wing paper Nepszabadsag unexpectedly suspended publication on October 8. Suspecting political pressure, thousands protested in front of parliament, claiming the government continues to try to smother the freedom of the press.

Lithuania offers battered Europe a break from populist drama

Tim Gosling in Prague October 6, 2016

Lithuanians go to the polls on October 9 to vote in the first round of a general election. Predicting a result is tricky, but whatever happens major policy is unlikely to change, with the country largely immune to the populist wave engulfing Europe.

Rattled Polish government performs U-turn on abortion

bne IntelliNews October 6, 2016

Rattled by huge street protests, the Polish government rejected on October 5 a proposal to ban practically all abortions. The move suggests the ruling PiS has tried to go too fast in implementing its conservative populist agenda.

RBI and RZB boards agree merger outline for Austrian lender

bne IntelliNews October 6, 2016

RZB and RBI said in May that they were examining a merger as a way of reinforcing their capital buffers in the face of tougher regulatory requirements following the global financial crisis.

Protests against abortion ban sweep Poland

bne IntelliNews October 4, 2016

Tens of thousands took to the streets in protest against a bill proposing a near-complete ban on abortion.

Estonian parliament elects European auditor Kersti Kajlulaid as first female president

bne IntelliNews October 3, 2016

The vote ends weeks of deadlock that led some to call for a constitutional reform.

Central European factories eye signs of a rebound

Tim Gosling in Prague October 3, 2016

The improvement will be welcome, especially in Poland where industrial output has proved weaker than hoped throughout most of the year. The rebound follows early signs of an uplift in the Eurozone and a turnaround in confidence in Germany.

Hungarian PM claims victory despite referendum failure

Blanka Zoldi in Brussels October 3, 2016

Turnout in Hungary's referendum on the EU’s migrant quota system was just 40.4%, but the government insists it has a mandate to change the constitution anyway.

Poland claims "success" as EU agrees to ratify Paris climate deal

bne IntelliNews October 2, 2016

Poland claimed on September 30 that it has successfully secured its interests as the EU agreed to ratify the Paris climate deal. However, Warsaw - which had threatened to block the move - was extremely vague about the concessions it has won.

Hungary seeks diaspora labour boost as it fights bitter immigration battle on other fronts

bne IntelliNews September 30, 2016

Companies from the Hungarian food industry are reportedly advertising in Ukraine to attract migrant workers from the diaspora, as the labour shortages in the region increase in intensity.

Poland threatens to block EU climate change vote

Wojciech Kosc in Warsaw September 30, 2016

Warsaw is only likely to win marginal concessions while damaging further its image in Brussels.

Hungary and Poland head in different directions in Global Competitiveness Index

bne IntelliNews September 28, 2016

Estonia and the Czech Republic top the CEE chart in the Global Competitiveness Index 2016-2017. While Hungary slumped to the bottom of the pile with the largest slide in the region, Poland surged up the table.

Hungary eyes referendum wins home and abroad

Blanka Zoldi in Budapest September 28, 2016

There's little doubt among members of the ruling Fidesz party that Hungarians will say “no” to the EU’s quota system in the October 2 referendum. There's also plenty of confusion about what comes next.

Estonian presidential vote foiled again by party politicking

bne IntelliNews September 26, 2016

Criticism of the rules governing the election of a new Estonian president mounted on September 26 after a third failure to choose a new head of state.

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

If you have already registered, enter the information below with the same email you used previously and you will be granted immediate access.

Thank you. Please complete your registration by confirming your email address. The confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.