Central Europe / News

Czech tycoon Kretinsky enters steel business with 20% stake in Thyssenkrupp

Albin Sybera April 28, 2024

EP is in talks to acquire a further 30% of the steel business in a pursuit of forming a 50:50 joint venture.

Orban: Hungary is island in the European progressive liberal ocean

Tamas Csonka in Budapest April 26, 2024

“We must drain the swamp in Brussels in June and in Washington in November,” Hungarian premier says.

Poland in two minds over Ukraine’s efforts to bring conscription-age men home

bne IntelliNews April 26, 2024

Poland is ready to help Ukraine bring conscription-age men home after Kyiv stepped up its mobilisation effort, a top government official said this week. But hundreds of thousands of people leaving Poland could be a huge problem for the economy.

Slovakia’s cabinet approves legislation to restructure public broadcaster

Albin Sybera April 25, 2024

New bill will allow government to change leadership of public broadcaster, while 'ethical council' will oversee content.

More than €15bn of Chinese investments underway in Hungary, says foreign minister

Tamas Csonka in Budapest April 24, 2024

Hungary has become the primary European destination of Chinese corporate investments, with a string of investments targeting the battery industry.

Hungarian rate-setters slow pace of rate cuts to 50bp at April meeting

bne IntelliNews April 24, 2024

The Monetary Council of the National Bank (MNB) reduced the base rate by 50bp to 7.75% in line with projections, slowing down the pace of monetary easing from 75bp in the previous meeting.

Czech prosecutors indict former president's top aide for embezzlement

Albin Sybera April 23, 2024

Vratislav Mynar was at the centre of many of the scandals surrounding Milos Zeman's two terms as president.

President Duda says Poland 'ready' to host nuclear weapons

Wojciech Kosc in Warsaw April 23, 2024

Government queries president's comments, while Moscow attacks them as "provocative".

Poland's first nuclear plant may carry €35bn price tag

bne IntelliNews April 19, 2024

Construction is expected to start in 2026, but the head of nuclear power SPV Polskie Elektrownie Jadrowe (PEJ) warns the costs will be high.

Premier Energy announces €125mn IPO in Bucharest to boost renewables portfolio

bne IntelliNews April 18, 2024

Bucharest Stock Exchange becomes increasingly attractive for investors after last year's Hidroelectrica IPO.

Cordia launches €1bn waterfront residential project in Budapest

Tamas Csonka in Budapest April 18, 2024

Cordia will build more than 2,500 homes on the 14-hectare brownfield site in the coming years.

Czech tycoon Kretinsky’s £4.5bn bid for owner of Royal Mail rejected

Albin Sybera April 18, 2024

IDS shares jumped by 29% on April 17 after it announced it had turned down an indicative offer at 320p per share from Kretinsky’s EP Group.

Czechia paid five times more for energy imports from Russia than it spent on aid to Ukraine

Albin Sybera April 17, 2024

The amount of money Czechia spent on Russian energy imports until the end of 2023 could finance more than three weeks of Russian fighting in Ukraine.

Shutdown of controversial far-right conference in Brussels triggers debate over free speech

Tamas Csonka in Budapest April 17, 2024

The conference demonstrates the spread and rise of the radical right, which could become the third largest force in the European Parliament in June.

Pro-Kremlin Voice of Europe resumes operations from Kazakhstan

bne IntelliNews April 17, 2024

Media platform that has promoted far-right EU politicians was expelled from Czechia last month.

Creditors of Liberty Steel Ostrava greenlight restructuring plan

Albin Sybera April 17, 2024

Creditors vote to eject biggest of them, power supplier Tameh Czech, from the list of creditors.

IMF says Estonia should take decisive steps to restore its competitiveness

Linas Jegelevicius in Vilnius April 17, 2024

The slow start to 2024 means the economy will stagnate this year, but the recovery should gain further momentum in 2025, the IMF forecast.

Fiala meets Biden to discuss support for Ukraine

Albin Sybera April 16, 2024

US President praises Czech initiative to purchase ammunition for Ukraine outside the EU.

Hungary attracts Southeast Asian guest workers in growing numbers

Tamas Csonka April 16, 2024

At the same time CEE workers leave because of Hungary's low wages.

Hungary’s election committee clears Magyar’s bid to run in EP election

Tamas Csonka in Budapest April 15, 2024

The former Fidesz insider has shaken up the political status quo as he is now polling at 14-15%, in third place.