Central East Europe / News
Lithuania’s PM apologises for communication failures during drone alerts
Nato air policing was activated, airspace above Vilnius Airport was temporarily closed, and train traffic in Vilnius County was halted after reports of an incoming drone.
Top Lithuanian officials take shelter after air alert after suspected drone approaches from Belarus
Defence ministry declared a “Red” alert in Vilnius county, ordering residents to take shelter.
Hungary aims to revive V4 cooperation, Peter Magyar says in first foreign trip to Poland
Hungary wants to revive and strengthen the Visegrad Group cooperation based on the long-standing friendship between Hungary and Poland, Prime Minister Peter Magyar said in Krakow.
Latvian PM candidate warns current spending is unsustainable
Andris Kulbergs says the country’s budget must be urgently reassessed amid mounting economic pressures.
US cancellation of troop deployment rattles Poland
A decision by the Pentagon to scrap a planned deployment of around 4,000 US troops to Poland has rattled Polish politicians, who have long assumed that the alliance with Washington is unbreakable.
Polish construction firms sign pact for Ukraine post-war reconstruction
Three major Polish construction companies signed a cooperation agreement on May 15 to jointly target infrastructure projects as part of Ukraine’s post-war reconstruction.
Serbia to submit final NIS proposal to MOL as talks near deadline
MOL has been in exclusive talks to acquire a 56.15% stake in NIS from Russia’s Gazprom Neft and Gazprom, which are under pressure to divest following US sanctions imposed in 2025.
Poland targets top-three European economic influence within decade, finance minister says
Poland wants to become one of Europe’s three most influential and strongest economies within 10 years, Finance Minister Andrzej Domański said during the Impact ’26 congress in Poznań.
Hungary's Orban government sealed mega defence contract with 4iG ahead of election
New PM Peter Magyar says deal was signed secretly one month before the general election that ousted Viktor Orban's Fidesz.
Czech ruling coalition passes parliamentary resolution against Sudetengerman summit in Brno
Resolution tabled by far-right SPD has already strained ties with Czechia's largest trading partner Germany.
airBaltic quarterly losses widen to €70.1mn despite passenger growth
CEO Erno Hilden acknowledged airBaltic is operating under liquidity pressure, but stressed the airline is still meeting all financial obligations.
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Latvian PM Silina resigns as coalition collapses amid political infighting
Resignation plunges Latvia into political uncertainty at a time of heightened regional security tensions and ahead of the parliamentary elections in October.
Serbia dissatisfied with MOL’s revised NIS offer, talks to continue
Revised offer failed to address concerns over the Pancevo oil refinery and its role in supplying the domestic market, Energy Minister Dubravka Dedovic Handanovic said.
Slovenia’s NLB launches takeover bid for Austria’s Addiko Bank at €29 per share
Proposed acquisition would strengthen NLB’s regional footprint and expand its presence beyond the Western Balkans.
Hungary's new government formed in record time
Peter Magyar formally took office as Hungary's new prime minister after assembling a 16-member cabinet in a record 30 days following the parliamentary election.
Poland’s Niewiadów PGM seeks to build European defence champion with new capital raise
Niewiadów Polska Grupa Militarna has kicked off efforts to raise around €50mn from a share issue to finance its transformation into a European defence industry player.
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Fugitive former Polish justice minister Zbigniew Ziobro spotted in the US
Warsaw hoped Hungary's new PM Peter Magyar would facilitate handing over Ziobro, who is wanted in Poland for fraud and leading an organised crime ring.
Czech weaponry companies weaken on Prague bourse after Putin hints at ending war in Ukraine
Shares of Czech defence companies listed on the Prague Stock Exchange weakened on the first day of trading this week.
Slovak PM Fico holds urgent talks with state oil company after hinting that Moscow is in energy talks with US
Fico declined to give details on the urgent meeting with Transpetrol but hinted at US interest in energy deals with Russia.
Peter Magyar sworn in as new Hungarian prime minister
Tens of thousands celebrate "transition to democracy" and end of Orban era.