Business news and politics from Central Europe

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News

The Czech Supreme Court in Prague has cancelled the acquittal of Czech populist leader and billionaire ex-Prime Minister Andrej Babiš and his ex-manager and MEP, Jana Nagyová, over the alleged €2mn Stork's Nest subsidy fraud.

Andrej Danko's seeks to boost SNS’ faltering popularity in the radical anti-establishment electoral waters with anti-Nato rhetoric.

Hungary and the United States are holding behind-the-scenes negotiations on a potential business agreement aimed at mitigating the negative effects of US tariffs.

Polish authorities began the removal of the derelict Russian oil tanker Khatanga from the Port of Gdynia after years of abandonment.

The Municipality of Budapest will organise the 30th Budapest Pride event on June 28 as planned, reviving an earlier local tradition of holding a "freedom celebration" coinciding with the anniversary of the withdrawal of Soviet troops.

Tech

Top entry from Turkey is Novi Robot, a maker of automation systems for manufacturing plants.

Record levels of immigration are dominating political debate in the world’s wealthiest countries. But there is a latent trend, still bubbling under the surface, which might soon occupy the minds of Western policymakers: emigration.

The first data centres consumed as much power as 20,000 homes, but the largest today use the same amount of power as100,000 homes, and are on track to burn up 5mn households' worth of power by 2030 – the same amount of power that Japan consumes.

IoT company picks Warsaw for regional expansion after announcing decision to exit the US.

Poland’s e-commerce sector recorded a 15.2% month-on-month increase in turnover in March, reaching $1.80bn, according to data from the Central Statistical Office.

Opinion

Poland’s divided electorate has delivered a blow to the governing coalition, but not yet to the country’s economic momentum - for now.

All three of the leaders in Poland, Slovakia and Hungary are under pressure and looking at ways to shore up their hold on power.

Momentum behind improved methane monitoring, quantification and mitigation continues to build in the US – even without the same regulatory pressure.

April data from industry and the labour market suggest an encouraging start to the second quarter in Poland. One data point does not make a trend though, but we see encouraging signs that the recovery has resumed.

As the global Democracy Index recorded a historic low in 2024, institutions tasked with upholding democratic values are under increasing pressure to adapt.

Data

Poland's producer price index fell 1.5% year on year in May, following a revised decline of 1.6% y/y in April.

Unemployment in Slovakia stayed at 3.71% in May, the same as in the previous month. The April level was the lowest on record since 1993. Year on year, it dropped by 0.07 percentage points.

In 2025, gold prices reached unprecedented levels, with spot gold trading at above $3,932 per troy ounce as of May 7th, an increase of over 83% within just a year.

Poland’s core inflation, an indicator that measures price growth without including prices of food and energy, eased growth to 3.3% year on year in May after a gain of 3.4% y/y the preceding month.

Poland’s consumer price index rose 4% year on year in May, easing from 4.3% y/y the preceding month, data published by the national statistics office GUS on June 13 showed.

Features

Polish convenience store operator Żabka has opened its 100th Froo-branded store in Romania, one year after launching in the market, the company said on June 16.

Conservative historian Karol Nawrocki’s victory in the June presidential election in Poland has all but dashed Ukrainian hopes for Warsaw speaking with one voice about Ukraine.

Poles go to the polls this weekend and the two candidates for the presidency are literally neck and neck, with less than a point between them. The outcome is far too close to call, so the weather could play a major role.

Whoever will emerge victorious on Sunday, his term will sooner or later become underpinned by the political conflict that has defined Poland for 20 years now.

The cucumber rules supreme in the cuisine of Eastern Europe. No salad is complete without a humble cucumber, which is a staple on any kitchen table across the region. But now a cucumber war has broken out between Poland and Russia.

Blogs

Slovenian politicians are building on the Yugoslav-era legacy of solidarity with Africa.

The international community will have to step up to prevent new clashes in Bosnia.

Some right-wing Emerging European leaders have gained vocal backing from the US, but efforts by Bosnian Serb leader Milorad Dodik and the Georgian Dream party to demonstrate their pro-Trump credentials have been largely ignored.

The weight of expectation falls on Prime Minister Donald Tusk, as Poland prepares to take over the EU’s rotating presidency and meet the challenge of incoming US President Donald Trump.

Hungarian Prime Minister Viktor Orban is set to parade his support for Trump at the European Political Community meeting in Budapest on November 7-8.

bneGREEN

Should South Korea continue spreading its efforts across short-term, individual projects – often tied to specific, time-consuming contracts – or should it double down on long-term, bilateral nuclear research partnerships?

Global energy investment is projected to reach a record $3.3 trillion in 2025, despite continued economic uncertainty and heightened geopolitical risks, according to the International Energy Agency.

As Europe slides into its third disaster season, 40% of the EU is already officially facing a drought before the hottest months of the year arrive. And this year’s droughts are likely to become even worse than previous heatwaves.

A heat wave is sweeping across South Asia, with temperatures having reached 44°C in India’s Jaipur and 50°C in Pakistan’s Shaheed Benazirabad in April, Statista reports.

Representatives of the energy sectors in Estonia, Latvia and Lithuania outlined their plans for the coming years at the EBRD annual meeting in London.

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