Czech and Slovak premiers call for left to refocus on living standards and workers' rights.
Despite the external blows of Brexit and then ‘Trumpquake’, there was a general improvement in Central and Eastern Europe’s transaction climate in 2016.
Central European factories remain on an uncertain footing, purchasing manager indices suggest, despite further signs of recovery in the Eurozone.
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.
Spending in areas with longer term payoffs are particularly crucial in CEE, where innovation and productivity are low.
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.
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.
GDP growth in Central Europe slumped in the third quarter, dragged down by the collapse of investment and signs of slowing industry.
bne’s Despair Index values are contained in most developed countries of the world and many of the former Eastern Bloc countries have scores on a par with their Western peers. But the share of poverty remains too high in many countries.
As global technology giants like Google and Facebook transition from helping people navigate the web to become content providers in their own right, at least one smaller competitor is keeping pace – the Czech firm Seznam.
Unpredictability is never an asset in foreign or defence policy, so the election of the mercurial Donald Trump to the US presidency is already causing conniptions in European capitals, especially those of Central Europe.
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.
Turkey is at the bottom of the World Justice Project Rule of Law Index 2016 but only just above Russia, Kyrgyzstan and Ukraine.
“Western politicians haven’t forgiven Russia for Crimea, but the markets have.” The Russian bond market is booming in a welcome relief for the Kremlin. The rest of CEE not so much, as the ECB QE programme depresses yields to historic lows.
With tighter regulatory rules looming, life is not going to get any easier for the region’s banks.
China has launched a €10bn investment fund for Central & Eastern Europe (CEE), the Industrial and Commercial Bank of China announced at a China-CEE summit in Latvia on November 6.
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