Hungary already uses geothermal energy as a clean alternative to fossil fuel in district heating, but has vast untapped reserves.
PwC and CEE Digital Coalition believe the Central and Eastern Europe region has the potential to create the EU’s Silicon Valley.
Cordia will build more than 2,500 homes on the 14-hectare brownfield site in the coming years.
The conference demonstrates the spread and rise of the radical right, which could become the third largest force in the European Parliament in June.
Headline industrial output rose 1.8% in February, increasing for the first month in about a year.
At the same time CEE workers leave because of Hungary's low wages.
The former Fidesz insider has shaken up the political status quo as he is now polling at 14-15%, in third place.
After spiking to 20-year highs thanks to the pandemic and Europe’s Russian induced energy crisis, inflation rates across the EU have tumbled in recent months. That trend has ended and CEE central banks are expected to hike rates again in 2H24.
Analysts calculate that the postponement of HUF675bn (€1.73bn) of state investments will not be enough and that some HUF1.1 trillion of fiscal consolidation is required to keep the revised target of 4.5% of GDP this year.
"The MigrationPact is another nail in the coffin of the European Union. Unity is dead, secure borders are no more. Hungary will never give in to the mass migration frenzy! We need a change in Brussels in order to StopMigration!" Orban said.
Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.
Consumer prices in Hungary rose 3.6% y/y in March, but services' prices rose almost 10%.
While digital infrastructure in the region is growing, support infrastructure designed to handle the growth in demand is what requires investment.
Methane emissions are 80 times more damaging than carbon dioxide. Rather than falling, they are currently at an all-time high and rising. The IEA says they need to fall by 75% by 2030 if the Paris Accord targets are going to be met.
The EU is preparing a new fourteenth package of sanctions that is slated for adoption in the coming months, but is unlikely to introduce any new products and will focus mostly on enforcing the existing thirteen rounds of sanctions.
BMW is building a €1bn vehicle plant and a €1bn battery plant in Hungary's fastest-growing industrial hub.
On Monday, 8 April, Germany sent an advance team of 20 soldiers to Lithuania, laying the groundwork for the recently discussed establishment of a permanent brigade in the Nato country, Statista reports.
The EU has exited the heating season with a record volume of gas in storage, following another mild winter and as a result of reduced industrial demand and a concerted effort by policymakers to boost stockpiles.
A new analysis by the energy think-tank Ember has found that several countries in Europe could soon face bottlenecks in their national transmission energy grids, as more solar and wind power will be generated than these networks have capacity for.
Winter is over, as the EU gas tanks switch from withdrawals to filling mode again in preparation for next winter. Injection into the gas tanks started on April 1, a week earlier than in 2023 and started at an all-time high record level of 59.3% full.