Central Europe / News

Visegrad leaders stand united at Prague summit

Tamas Szilagyi in Budapest January 17, 2020

V4 plus Austria agree on issues such as migration, border security and enlargement, but differences arise over nuclear energy as a solution to climate crisis.

Keppel Infrastructure buys into MET Group

Tamas Szilagyi in Budapest January 17, 2020

For MET, an integrated European energy company with roots in Hungary, the partnership with Keppel is the next step to exploring joint energy infrastructure investment projects in Europe.

Poland fines Volkswagen PLN120mn for Dieselgate

bne IntelliNews January 16, 2020

Volkswagen used misleading information about emissions from its brands Volkswagen, Audi, Seat, and Skoda between 2008 and 2016.

EU outlines €100bn plan to support coal regions' transition to climate neutrality

bne IntelliNews January 15, 2020

Coal producing regions such as those in Poland and Czechia stand to benefit from the Just Transition Mechanism, a tool Brussels hopes will mobilise up to €100bn to ease the move away from coal as a source of energy.

Hungary takes over fertility clinics to offer free IVF services in bid to halt population decline

Tamas Szilagyi in Budapest January 14, 2020

Prime Minister Viktor Orban's government has long advocated a "procreation over immigration" approach to deal with demographic decline.

Hungarian central bank governor blasts flawed housing policy

Tamas Szilagyi in Budapest January 14, 2020

MNB governor Gyorgy Matolcsy blamed the government for a lack of strategy that has contributed to spiralling prices.

Sales of hybrid cars in the Czech Republic up by 73% y/y in 2019

Nelly Tomcikova in Prague January 10, 2020

Sales of hybrid cars, combining an internal combustion engine and an electric motor, in the Czech Republic increased by 73% year-on-year to 8,346 cars in 2019, while the domestic automotive industry market declined

Czech firearms producer Ceska Zbrojovka plans IPO to fund US expansion

Nelly Tomcikova in Prague January 7, 2020

Czech firearms company Ceska Zbrojovka Group SE is considering an IPO on the Prague Stock Exchange to finance an expansion in the United States

Hungary’s state electricity company buys out loss-making power plant from oligarch

bne IntelliNews January 5, 2020

The sale came at the right time for oligarch Lorinc Meszaros, as Matrai Eromu’s preferential agreement with former owner RWE on carbon prices will expire in 2021, and its future is also in danger due to tighter rules on EU carbon-powered plants.