Central Europe / News

Slovak PM Pellegrini becomes the first European leader to meet new Russian PM Mishustin

bne IntelliNews February 27, 2020

Slovakia, as an EU member, “is aware of complications that hamstring ties between the EU and Russia, but also holds its own views on how relations with Russia should look, said Pellegrini.

Black Monday: Prague Stock Exchange saw the worst fall since mid-2016

bne IntelliNews February 26, 2020

The Prague Stock Exchange experienced the most significant daily slump since the Brexit referendum in June 2016. The PX Index weakened by 2.81% to 1,058.69 points, to its lowest value since the end of October 2019, due to coronavirus concerns.

Slovaks commemorate 2-year anniversary since journalist Kuciak's murder

bne IntelliNews February 24, 2020

The murders were unprecedented in the modern history of Slovakia, causing a wave of massive protests in the country and resulting in then prime minister and chair of the ruling Smer-SD party Robert Fico stepping down.

US promises up to $1bn in energy infrastructure financing for Three Seas Initiative

Wojciech Kosc in Warsaw February 18, 2020

The financing will go primarily to strengthen energy security across the initiative’s countries, which consider it necessary to end, or at least reduce, dependence on Russia as an energy supplier.

EU proposes slashing Poland’s coal transition money to €1bn

Wojciech Kosc in Warsaw February 18, 2020

Poland’s share in the EU’s just transition project should be cut in half to €1bn unless Warsaw signs up to the 2050 climate neutrality goal, European Council President Charles Michel has proposed.

Polish miners send new warning to PiS government

Wojciech Kosc in Warsaw February 17, 2020

Mining unions at Poland’s biggest hard coal miner Polska Grupa Gornicza (PGG) went on a two-hour warning strike on February 17.

Poll shows very tight race in Poland’s pivotal presidential vote

bne IntelliNews February 17, 2020

The presidential contest could upend Poland’s politics overnight if incumbent President Andrzej Duda fails to win re-election.

Hungarian PM warns of storm clouds ahead in state of the nation speech

Tamas Szilagyi in Budapest February 17, 2020

Viktor Orban says preserving jobs will remain the most important task in 2020 and beyond, and makes surprise climate announcement.

Record production at Hungary's sole nuclear power plant

Tamas Szilagyi in Budapest February 6, 2020

The four blocks of the Paps nuclear power plant accounted for nearly half of the gross electricity generated in the country.

Wizz Air's largest shareholder sells 12.5mn shares in no-frills airline for around £500mn

Tamas Szilagyi in Budapest February 5, 2020

Indigo Partners reduced its share in Central Europe's leading discount carrier from 20.6% to 3.4%.

Macron’s Polish tour sees Warsaw and Paris warm up to ending diplomatic ice age

Wojciech Kosc in Warsaw February 4, 2020

French President Emmanuel Macron ended his two-day tour of Poland on February 4, as the two big members of the EU sought an end to their icy relationship post-Brexit.

Hungarian PM Viktor Orban on diplomatic offensive, calls for fair EU budget

Tamas Szilagyi in Budapest February 3, 2020

The Hungarian prime minister complained that the basic idea of the EU's 2021-2027 draft budget is unfair and contains changes that aim to shift money from poorer member states to richer ones.

Poland’s largest coal miner facing risks when downturn strikes

Wojciech Kosc in Warsaw February 3, 2020

Polska Grupa Weglowa, the largest coal mining company in Poland and the European Union, is unprepared for a market downturn, a report by the state audit body NIK said.

Estonia’s Fermi Energia signs MoU on developing first nuclear reactor

bne IntelliNews January 28, 2020

Fermi Energia is looking to develop Estonia's first source of nuclear energy in the 2030s, but environmental groups say it would pose “significant risks” to the environment and be economically unfeasible.