CEE Equity Partners announces closing of second fund after $800mn pours in

bne IntelliNews April 19, 2018

Second China-CEE Investment Cooperation fund expected to grow to $1bn later this year after first closing on $800mn, and will expand investment focus to encompass healthcare, tourism, education and agriculture.

Cash-rich Penta to expand leading Czech pharma chain Dr.Max to China

Jaroslav Hroch in Prague April 18, 2018

Penta looks to long-term success in the world's second largest pharma market after making a record €245mn consolidated net profit in 2017.

Advent in direct talks to buy Sanofi's generics arm Zentiva

Jaroslav Hroch in Prague April 18, 2018

Private equity investor Advent International aims to turn Prague-based Zentiva into an independent European leader in generic drugs.

Czech media oligarchs add radio stations to their media empire

Jaroslav Hroch in Prague April 17, 2018

Czech Media Investment group, controlled by billionaire Daniel Kretinsky, will pay €73mn for Lagardere group radio stations operating in Czechia, Poland, Slovakia and Romania.

Visegrad car associations ask EU to decrease emission limits

Jaroslav Hroch in Prague April 16, 2018

Automakers argue strict limitation of emissions levels could cause a significant drop in production of cars in the V4 where the economies of Czechia and Slovakia in particular depend heavily on the car industry.

Leaked document shows EU’s initially hardline approach to Gazprom

bne IntelliNews April 12, 2018

European Commission had planned to adopt a tough stance on Gazprom's allegedly “abusive practices” in selling gas to CEE, but current approach could let Russian energy major off the hook without serious consequences.

Slovak workers most likely to be replaced by robots, says OECD study

bne IntelliNews April 4, 2018

66mn jobs could be lost as new artificial intelligence and machine learning technologies are adopted in OECD countries, with the biggest impact expected in Slovakia, Turkey and Lithuania.

Global trade war to hammer Eastern EU members

By Clare Nuttall in Bucharest April 3, 2018

The small, open economies in the eastern part of the European Union will suffer disproportionately if the global trade war currently brewing extends to Europe, analysts have warned.

Slovakia tops cyber security index

Jaroslav Hroch in Prague April 2, 2018

Slovenia took the lead in 12 categories on the Estonian e-Governance Academy Foundation's index measuring readiness to prevent and manage cyber threats, pushing Germany into second place.

Slovakia catching up with the EU economy faster than Czechia

Jaroslav Hroch in Prague March 30, 2018

Slovakia is closing the economic gap with the EU faster than Czechia, but still lags behind the Czech economy level in overall terms, says a new CSOB study marking the 25-year anniversary of the breakup of Czechoslovakia.

COMMENT: Guest-workers won’t solve CEE labour shortage woes

Richard Grieveson of the Vienna Institute for International Economic Studies March 29, 2018

Central Europe is facing a growing labour shortage crisis that could limit growth if solutions are not found. Ukraine has already been a big winner but cannot solve the problem by itsself.

Uber to suspend activities in Slovakia after court ruling

bne IntelliNews March 28, 2018

Uber has experienced extremes in reaction to its controversial ride-hailing service in Central and Eastern Europe.

Slovak central bank forecasts 4.2% growth in 2018

bne IntelliNews March 28, 2018

Slovakia’s GDP growth will be 4.2% in 2018 before further accelerating to 4.7% in 2019, the Slovak Central Bank (NBS) said in a forecast released on March 28.

Online growth companies make “New European Tigers” roar

bne IntelliNews March 26, 2018

Eastern EU member states are catching up with their Western counterparts in terms of education, internet access and investment in infrastructure, boosting GDP growth and creating a fertile environment for online businesses.

Bulgaria, Romania top women in tech index

bne IntelliNews March 23, 2018

Bulgaria has the highest proportion of women working in tech industries, while the gender pay gap for the sector is lowest in Turkey, a new study from recruiter Honeypot shows.