Central Europe / News

Leader of winning coalition Petr Fiala appointed new Czech prime minister

bne IntelliNews November 29, 2021

Ceremony held under strict hygiene conditions behind a plexiglass wall after President Milos Zeman contracts COVID-19.

Concern mounts over new southern Africa coronavirus variant

bne IntelliNews November 26, 2021

The EU is planning a ban on travel from southern African countries after a new and highly infectious variant of the coronavirus virus was confirmed in Botswana and South Africa.

Joe Biden leaves out Hungary from list of participants in US Democracy Summit

bne IntelliNews November 25, 2021

Viktor Orban is the only premier among the EU member states not taking part in the two-day event.

Poland’s government-controlled top court says European human rights convention clashes with Polish Constitution

Wojciech Kosc in Warsaw November 25, 2021

After declaring it can ignore European Court of Justice, Poland's Constitutional Tribunal now claims it can dismiss ECHR rulings.

Slovakia declares two-week lockdown amid record growth in positive COVID-19 cases

bne IntelliNews November 25, 2021

Slovakia has recorded the world´s fastest rise in positive cases.

Migrants continue to try to cross Poland’s border from Belarus, but the camp has gone

Ben Aris in Berlin November 25, 2021

Middle Eastern migrants continue to try to storm the Polish border from Belarus, but security forces say the woodland camp is largely gone.

Hungary’s central bank in tight spot as EUR/HUF rate slips past 370

bne IntelliNews November 23, 2021

Risk aversion in emerging markets, Hungary’s lax response to record COVID-19 infections, and the financial consequences of the EU's rule of law proceedings push forint to near record lows.

EU prepares to begin formal rule-of-law procedures against Hungary and Poland

bne IntelliNews November 22, 2021

Commission asks questions about contracts granted to Hungarian strongman Viktor Orban's relatives and cronies.

Slovak government introduces lockdown for unvaccinated people

bne IntelliNews November 22, 2021

Unvaccinated individuals will be allowed to enter only essential shops and will have to be tested for COVID-19 twice per week to enter their workplaces.

Production of passenger cars in Czechia halves y/y in October

bne IntelliNews November 22, 2021

Compared to 2019 data, the number of passenger cars made dropped by 24.5% so far this year.

PPF sweetens bid for Moneta in drive to build third-largest Czech bank

Robert Anderson in Prague November 21, 2021

Deal now values Moneta at CZK90 per share in what PPF says is the "last possibility" for merger.

Tension on Belarus-Poland diminishes, but refugees not out of the woods yet

Ben Aris in Berlin November 19, 2021

Tensions on the Belarus-Polish border diminished as the first 500 refugees were flown home and most of the remainder were moved to a warehouse for food and shelter, but hundreds remained in the camp in the woods by the fence as night closed in.

Central and Southeast European economies remain fragile, says Vienna Initiative of banks

bne IntelliNews November 18, 2021

Banks may be tested by the withdrawal of government help to companies, particularly as infection rates begin to soar again.

Czech Pirate party finally approves coalition agreement, opening door for new government

bne IntelliNews November 18, 2021

However, President Zeman could try to veto incoming Pirate Foreign Minister Jan Lipavsky in first big test for new premier Petr Fiala.

Poland’s judiciary slides down global independence ranking

Wojciech Kosc in Warsaw November 18, 2021

Poland drops from 118th to 61st in the global ranking of the countries with the highest risk to judicial independence, overtaking Hungary as the worst-performing country in the EU.

Stranded migrants clash with Polish soldiers on border with Belarus

Wojciech Kosc in Warsaw November 17, 2021

Migrants stranded between Belarusian border guards and Poland’s border fence guarded by military and police began rioting on November 16 in what Polish authorities described as an “attack on Poland”.

Hungarian central bank bows to pressure from markets and ups base rate by 30 bps to 2.1%

bne IntelliNews November 17, 2021

MNB stepped up the pace of the tightening cycle from a 15 bps hike in the previous two meetings.

Hungary’s 'Stop Soros' legislation against migration violates EU rules, says CJEU

bne IntelliNews November 17, 2021

Hungarian legislation criminalising assistance to asylum-seekers violates European Union rules, says EU's top court.

Budapest Airport owners enter due diligence process with government

bne IntelliNews November 16, 2021

Owner AviAlliance confirmed reports that the consortium had received a revised, non-binding bid.

Poland asks its top court to rule on legality of EU’s fine over Turow mine

Wojciech Kosc in Warsaw November 16, 2021

The move marks another ratcheting up of Poland's dispute with the EU, with the tribunal being asked to rule on whether the CJEU itself is breaching the EU treaty.