Slovakia

Sandberg Capital acquires majority stake in Hungary's Green Fox Academy

bne IntelliNews October 25, 2022

Budapest-headquartered Green Fox Academy offers online and on-campus classes for people who want to start a career in IT.

Emerging Europe is growing faster than expected this year but will stagnate in 2023, says wiiw

Robert Anderson in Prague October 20, 2022

For 2023 the wiiw has revised its forecasts down, and overall Emerging Europe growth will average just 0.3%, barely above the 0.2% predicted for the Eurozone.

bneGREEN Siemens Gamesa calls for quotas on EU-made wind turbines

by Roberta Harrington in London October 19, 2022

Siemens Gamesa, the leading wind-turbine manufacturer, has called for a quota system on the amount of EU-produced turbines installed in the trade bloc, reports the Financial Times.

bneGREEN: “Overriding public interest” essential to renewables in the EU: WindEurope

by Roberta Harrington in London October 19, 2022

The EU wants a massive expansion in renewable energy. It wants wind energy to grow from 190 GW today to 510 GW by 2030. But Europe is not building enough wind farms to reach this target, says WindEurope.

Most of Europe still dependent on oil and gas for fuel

bne IntelliNews October 18, 2022

Europe is hoping to wean itself off Russian gas and turn to renewables but only a few countries rely on hydropower for the majority of their energy needs, while most of the rest of Europe relies on oil and gas.

Slovak protesters demand action against extremism

Albin Sybera October 17, 2022

Demonstrations follow killing of two gay men in bar in Bratislava last week.

European car production could fall 40% due to energy crisis

bne IntelliNews October 13, 2022

European car production could fall by as much as 40%, or more than 1mn vehicles, per quarter out to the end of 2023 as a result of the energy crisis, S&P Global Mobility said in a report entitled “winter is coming” released on October 11.

Czech President Milos Zeman can't resist a strongman

Albin Sybera October 12, 2022

The provocative populist Czech leader has barely travelled west during his 10 years in office, instead specialising in courting eastern dictators and neighbouring populist leaders.

ENERGY CRISIS: Bruegel gas use tracker shows a tight market but falling EU consumption

bne IntelliNews October 12, 2022

This winter is going to be tough. An energy crisis has already led the EU to spend over half a trillion euros on relief and support. Europe wants to cut its gas consumption by 15% and has managed to reduce it by 7% already.

IMF BLOG: Policymakers need steady hand as storm clouds gather over global economy

Pierre-Olivier Gourinchas Economic Counsellor and the Director of Research of the IMF. October 11, 2022

One-third of the world economy will likely contract this year or next amid shrinking real incomes and rising prices. The global economy continues to face the challenges of war, a cost-of-living crisis and an energy crisis.

CEE faces 'huge correction' in bond yields, says Erste

Robert Anderson in Prague October 10, 2022

The end of the monetary tightening cycle amid the tougher international environment will mean a correction of 200 basis points in 10-year yields in Hungary, and from 80-140 bps in Czechia, Poland and Romania.

VISEGRAD BLOG: European family gathering mostly avoids fights

Robert Anderson in Prague October 9, 2022

European Political Community isolates Russia, welcomes back UK and reassures EU candidate countries.

Slovak hospitals face collapse

bne IntelliNews October 7, 2022

A recent wave of resignations by medical staff at Slovak health facilities could mean that some of the hospitals are forced to shut down by December.

bneGREEN: Europe’s renewable energy supply chain under threat from soaring power prices

by Roberta Harrington in London October 5, 2022

Europe’s renewable energy supply chain is under threat from soaring power prices, says Rystad Energy of Oslo. As much as 25% of solar and battery manufacturing capacity in Europe is at risk, says the research firm.

Slovak finance minister survives vote of no-confidence

Albin Sybera October 5, 2022

Former coalition partner and SaS leader Richard Sulik says he is now ready to discuss early elections.

Czechs try to transform EU's relationship with Israel

Robert Anderson in Prague October 3, 2022

As the current rotating president of the European Union, Prague has convened a meeting of the long moribund EU Israel Association to try to boost EU links with the Jewish state.

bneGREEN: Fit for 55 – not fit for purpose

Richard Lockhart in Edinburgh September 30, 2022

The EU’s Fitfor55 efforts to reduce CO2 emissions by 55% by 2030 are woefully inadequate and unable to contain global warming to the 1.5°C target, with reductions of up to 77% needed instead to stand any chance of averting a climate catastrophe.

Slovak ministers criticise Czech border controls

Albin Sybera September 30, 2022

Czechia and Austria introduce checks on borders with Slovakia to stop increasing numbers of migrants crossing towards Germany.

More pain stored up for Emerging Europe in 2023

bne IntelliNews September 29, 2022

Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.

EBRD: Reduced gas supplies and inflation to slow growth further in EBRD regions

EBRD September 28, 2022

The European Bank for Reconstruction and Development (EBRD) projects growth in its region will slow as a result of gas supply problems that are feeding an energy crisis. The bank says growth will slow to 2.3% in 2022 in its region and 3% in 2023.

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