Central Europe / News

Lithuanians pick new president in continuation vote

Wojciech Kosc in Warsaw May 26, 2019

The new head of state will be picked in a run-off vote between two largely centre-right contenders who are seen as likely to just fine-tune "Iron Lady" Dalia Grybauskaite’s legacy, not overturn it.

European election in Poland a warm-up ahead of national vote

Wojciech Kosc in Warsaw May 24, 2019

Political parties have been doing their utmost to rally voters for the Sunday vote in hope that a good result will set off a wave on which they will ride to a victorious night this autumn, when the national election takes place.

Voters prepare to punish their ruling parties in European Parliament elections

bne IntelliNews May 22, 2019

Following domestic political scandals in several Central and Southeast European member states, many voters just want to give their ruling parties a kicking in this week's EU-wide vote.

Poland’s leading newspaper accuses PM Morawiecki of shady real estate deal

Wojciech Kosc in Warsaw May 22, 2019

The revelation comes only a few days before the election to the European Parliament, which the fiercely anti-government newspaper hopes the ruling Law and Justice (PiS) will lose.

Czech energy company Sev.en to acquire Swiss Alpiq Generation for €7.2bn

Nelly Tomcikova in Prague May 20, 2019

Sev.en Energy won tender to buy the operator of CHP plants in Kladno a Zlin after it announced an ambitious programme of international expansion.

PM Skvernelis' defeat in presidential election causes turmoil in Lithuanian politics

Wojciech Kosc in Warsaw May 16, 2019

After coming in a humiliating third place in the presidential poll, Saulius Skvernelis says he will stand down if his party also performs poorly in the European Parliament election next week.

Donald Trump praises Hungary's efforts to curb migration at meeting with Vikor Orban

bne IntelliNews May 14, 2019

"You're respected all over Europe ... a little bit controversial, but that's okay,” US president tells Hungary’s illiberal prime minister.

Tight race for Lithuania's presidency

Wojciech Kosc in Warsaw May 10, 2019

Two centre-right economists lead the polls ahead of Sunday's vote, as Prime Minister Saulius Skvernelis trails in third place.

PM Viktor Orban's family and friends feature heavily on Hungarian rich list

bne IntelliNews May 10, 2019

Orban's close associate Lorinc Meszaros is ranked second on list that also includes PM's son-in-law Istvan Tiborcz and Istvan Garancsi, the owner of the premier's favourite football team.

Hungary unveils long-term energy and climate change plan

bne IntelliNews May 9, 2019

New strategy based on nuclear and renewable energy aims to cut greenhouse gas emissions by as much as 85% compared to 1990 levels by 2050.

Hungary and Russia amend loan agreement on Paks nuclear power plant

bne IntelliNews May 7, 2019

Budapest opened talks on rescheduling the Russian loan for the Paks expansion when it became clear that the new blocks would not start operations in 2025-2026 as originally planned.

European Council head Donald Tusk wades into Polish politics ahead of key vote

Wojciech Kosc in Warsaw May 6, 2019

Tusk warns against fuelling “political civil war” amid speculation about his return to domestic politics to lead the opposition’s charge against PiS.

Orban and Salvini united against migration at Budapest meeting

bne IntelliNews May 3, 2019

While their political parties are from different families, it’s clear that the two leaders see eye-to-eye on some important fundamental issues as they meet ahead of this month's European Parliament elections.

Poland leads CEE charge against “centralised” and “multi-speed” EU

Wojciech Kosc in Warsaw May 2, 2019

Warsaw wants the EU to devolve more powers to national governments and opposes deeper integration of some – mostly Western – member states in specific policy areas.

Estonia’s new government hit by first resignation hours after taking oath

Wojciech Kosc in Warsaw May 2, 2019

Estonia’s IT and foreign trade minister Marti Kuusik resigned after allegations surfaced linking him to domestic violence.

Arming and rearming: Military spending grows across CEE and SEE in 2018

bne IntelliNews April 29, 2019

Russia’s expenditure falls for a second year, even though Moscow fears are driving defence outlays elsewhere. Turkey committed a league-topping 24% more while Iran spent 9.5% less on its armed forces as US tightened economic noose.

Hungarian PM Viktor Orban’s friend seals €2.3bn railway contract with Chinese firms

bne IntelliNews April 29, 2019

RM International, a company owned by Lorinc Meszaros, is part of the consortium picked to upgrade the railway line connecting Budapest and Belgrade.

Orban deepens Sino-Hungarian strategic partnership at BRI summit

bne IntelliNews April 29, 2019

Foreign policies based on democracy export are "counter-productive" and "destabilising", says Hungarian Prime Minister Viktor Orban as he pursues deeper ties with Beijing.

Czech financial analytical office uncovered record number of fraudulent transactions in 2018

bne IntelliNews April 26, 2019

The Financial Analytical Authority (FAU) uncovered a record number of fraudulent transactions of CZK7.55bn in 2018. The volume of secured funds related to corruption, money laundering, tax fraud and terrorist financing recorded a rapid year-on-year i