Central Europe / News

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.

Estonia’s interior minister set to classify Moscow Patriarchate church as terror organisation

bne IntelliNews April 14, 2024

Estonian Interior Minister Lauri Laanemets said he is set to propose to the country’s parliament Riigikogu that they declare the Moscow-based Orthodox Patriarchate a terrorist organisation.

Poland’s ruling coalition pushes forward with conflicting proposals on changing abortion law

Wojciech Kosc in Warsaw April 13, 2024

A special commission will now look at the proposals in order to hammer out a compromise text.

Hungary announces postponement of investments to meet new deficit target

Tamas Csonka in Budapest April 12, 2024

Analysts calculate that the postponement of HUF675bn (€1.73bn) of state investments will not be enough and that some HUF1.1 trillion of fiscal consolidation is required to keep the revised target of 4.5% of GDP this year.

Poland’s Orlen paid $400mn to scammers for oil that never arrived

Wojciech Kosc in Warsaw April 12, 2024

'National champion' oil group humiliated by deal with unchecked middleman in scandal that only emerged after dismissal of CEO appointed by PiS government.

Viktor Orban blasts Migration Pact as "another nail in the coffin" of EU

bne IntelliNews April 12, 2024

"The MigrationPact is another nail in the coffin of the European Union. Unity is dead, secure borders are no more. Hungary will never give in to the mass migration frenzy! We need a change in Brussels in order to StopMigration!" Orban said.

MOL opens largest green hydrogen plant near Budapest in CEE region

bne IntelliNews April 12, 2024

Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.

Czech opposition tries to hold parliamentary session on PM’s financial affairs

Albin Sybera April 12, 2024

Fiala had a holding in PDZ fund suspected of money laundering.

Poland begins big abortion debate that could rock Tusk government

Wojciech Kosc in Warsaw April 11, 2024

Conservative coalition deputies likely to vote down liberalisation, resulting in a spectacular government defeat.

Poland's Tusk says no to freshly agreed EU migration deal

Wojciech Kosc in Warsaw April 11, 2024

Poland, Slovakia and Hungary slam European Parliament's migration compromise.