Automotive and Transport Companies Dominate the CEE Region

Car bodies on the production line inside automobile factory

In 2016, 500 of the largest companies in Central and Eastern Europe generated a turnover of 580 billion euros, says the Coface CEE Top 500 report. Polish companies increased their turnover by 3.3 per cent, while the turnover in Hungarian and Czech firms decreased by 11.5 and 2.2 per cent respectively. With two companies located in Poland— Orlen and Jeronimo Martins, and one each in the Czech Republic, Hungary and Slovakia (Škoda,  MOL and Volkswagen, respectively), the top five lacks a Romanian business. However, this might change in the coming years. Continue reading Automotive and Transport Companies Dominate the CEE Region

Defending EU Values in Poland and Hungary

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After years of heating up, the EU’s values crisis is close to boiling point. Defiance of core EU principles by the governments in Warsaw and Budapest is turning into a political crisis. The European Commission has taken legal action against both governments for violating specific EU laws and is threatening to go further on Poland. The European Parliament supports this course and is preparing further action against Hungary. But the Hungarian and Polish governments will feel the heat only if political leaders of the EU’s other member states get actively involved. Continue reading Defending EU Values in Poland and Hungary

Emphasising the Incongruence Between the V4 Countries

Macron emerging europe

French President Emmanuel Macron’s recent Central and Eastern European (CEE) visit was notable for what he discussed (stimulating the French economy), and perhaps even more notable for where he visited… and where he did not. While the tour may have accomplished his quest for regulating posted workers (he claimed current numbers harm the French economy), his policy objectives may have been overshadowed by the growing rift in the European Union (EU), and especially amongst the Visegrad countries of Central Europe.  Continue reading Emphasising the Incongruence Between the V4 Countries

Why Hungary’s New NGO Law Is Harmful for Business

Budapest, Hungary. Aerial view of the old city Budapest, Hungary with river and Parliament Building with cloudy blue sky

The new non-governmental organisations’ (NGO) law in Hungary made international headlines; however, the crackdown on independent NGOs, trying to hold the government accountable, is not a new phenomenon in Hungary. The newly adopted law is about the transparency of foreign funded organisations. Despite its title, the law does not further transparency, but rather serves as a tool to stigmatise independent voices. Continue reading Why Hungary’s New NGO Law Is Harmful for Business

EU-CEE Is Still Growing at a Healthy Rate

Prague emerging europe

A host of flash estimate GDP data released by Eurostat and national statistics offices on August 16th showed that the economies of EU-CEE had another highly impressive quarter of growth in April-June. In seasonally-adjusted terms, growth strengthened in relation to Q1 from already elevated levels in the Czech Republic, Latvia, Poland and Bulgaria. In Romania and Slovakia momentum was unchanged relative to the previous three months, while in Lithuania and Hungary it slowed slightly. Data for the other EU-CEE economies—Slovenia, Estonia and Croatia—are not yet available. Continue reading EU-CEE Is Still Growing at a Healthy Rate