The estimate released by the Czech Statistical Office follows a GDP drop of 0.8% in the third quarter of 2023 and a growth of 0.4% in Q4. Following the revision released by CZSO in late March, the Czech economy declined by 0.2% in 2023 overall.
EBRD research shows GDP per capita in 8 CEE countries that joined the EU in 2004 has close to doubled as a share of Germany’s GDP per capita.
Eastern EU members are growing much faster than the eurozone, but must focus more on innovation for a full catchup.
20 years after Central European countries' accession, the region's populists present a grave threat to the EU's fundamental values.
Czech interior minister says that Russia is “transgressing valid international agreements” after it refused to cooperate with Czech authorities on the case.
It is already clear that the estimated price of CZK160bn (€6.4bn), which the Czech government calculated in 2020, will be exceeded.
Apathy and lack of trust in national institutions, combined with ‘convergence fatigue’, have created favourable conditions for populist forces that have degraded the quality of institutions in many of the CEE states that joined the EU in 2004.
20 years after the accession of Central Europe, EU enlargement can be seen as an engine of economic growth, even if it was not a success everywhere and in all areas.
EP is in talks to acquire a further 30% of the steel business in a pursuit of forming a 50:50 joint venture.
At the same time, in Poland and Hungary, social networking sites and messaging apps are considered more free and more trustworthy than mainstream media, according to new poll.
As the climate crisis accelerates, banks are facing increasing financial risks and have begun to try to assess their exposure to the trillions of dollars of damage extreme weather will do every year.
Germany’s slow recovery is dampening growth prospects for Central and Southeast European economies.
Vratislav Mynar was at the centre of many of the scandals surrounding Milos Zeman's two terms as president.
Bucharest Stock Exchange becomes increasingly attractive for investors after last year's Hidroelectrica IPO.
PwC and CEE Digital Coalition believe the Central and Eastern Europe region has the potential to create the EU’s Silicon Valley.
IDS shares jumped by 29% on April 17 after it announced it had turned down an indicative offer at 320p per share from Kretinsky’s EP Group.
The amount of money Czechia spent on Russian energy imports until the end of 2023 could finance more than three weeks of Russian fighting in Ukraine.
Media platform that has promoted far-right EU politicians was expelled from Czechia last month.
Creditors vote to eject biggest of them, power supplier Tameh Czech, from the list of creditors.
US President praises Czech initiative to purchase ammunition for Ukraine outside the EU.