Chinese market leader CATL to build EUR 7.6bn battery plant in Hungary
The world’s largest battery maker, China’s Contemporary Amperex Technology (CATL), has agreed to build a three trillion forint (EUR 7.6bn) production...
Foreign direct investment
Hungary’s ‘race to the bottom’ currency policy comes under fire – CET analysis
Hungary's currency, the forint, has in recent weeks plumbed all-time lows against the euro. Although currencies are dropping across Central and...
Czech EU Council presidency aims to clarify Brussels’ relations with Beijing
Czechia’s Foreign Minister Jan Lipavsky says one of his country’s goals when it heads the EU Council is to clarify the...
Orban won by a landslide, but Hungary’s economy is sliding too
The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday. After...
Taiwan to loan Lithuania USD 1bn
Taiwan will extend a USD 1 billion credit line to Lithuania as a gesture of solidarity with the Baltic country, and...
EC okays Hungary funding Korean plant
The European Commission (EC) has greenlit Hungary extending EUR 24 million in state aid towards the expansion of a South Korean...
Taiwan to invest USD 200m in Lithuania
Taiwan will set up a USD 200 million investment fund for Lithuania to offset economic pressure from China, it announced Thursday....
Chinese cash abounds in Balkans – report
The Balkans region of south-east Europe has attracted at least 135 China-linked projects worth at least EUR 32 billion in the...
Slovakia latest EU member state to make official Taiwan visit
An official visit of a Slovakia delegation to Taiwan is drawing the ire of China. Senior officials from Bratislava, who arrived...
G7 statement puts spotlight on EU Global Gateway Strategy
The G7 group of countries has issued a statement that aligns with the European Union's recently unveiled Global Gateway Strategy, which...
