Real estate developers to focus on office expansion in Vilnius

Average vacancy rate for offices in Vilnius are about 3 per cent, one of the lowest rates in Europe and this has led more real estate developers to focus on office expansion in the Lithuanian capital.

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Hungary to phase out coal-fired electricity generation by 2030

Hungary is planning to phase out coal-fired electricity generation by 2030 to help reduce emissions and tackle climate change. The country's main strategy to meet the growing need of power is to reduce the energy dependency by use of renewable and nuclear sources.

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EU steel industry braces for new nail in its coffin

US Steel Kosice (USSK) plans to cut a fifth of its workforce in Slovakia over the next two years. EU steel markets face weak demand, protectionism and high iron ore and coking coal prices.

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Asian e-car battery makers opens a plant in Hungary

South Koreaʼs Bumchun Precision plans to build a HUF13.3bn (EUR41m) plant supplying parts for electric cars in northern Hungary. The Hungarian government will provide HUF2.65bn for the construction of the plant, which will create 200 jobs.

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Western Balkans with the largest inflow of greenfield investment

In 2018, the Western Balkans recorded the largest inflow of greenfield direct investment (FDI) with the value of USD9.36bn in 2018, the highest amount since 2003, according to the fDi report

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Poland’s waste disposal a burning issue

Deputy Minister of the Environment Slawomir Mazurek said the government would be hard on illegal incineration of waste in Poland. Prime Minister Mateusz Morawiecki even threatened to ban the import of waste until the system was adapted to achieve its goals.

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Russia continues to play key role in Lithuanian exports

Last year, 14 per cent of Lithuania's exports went to Russia, the largest share among the country's other importers. Latvia is Lithuania's second biggest trade partner, followed by Poland and Germany.

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National Bank of Slovakia keeps tight reins on loan market

The central bank of Slovakia, NBS continues to regulate the loan market in order to stop the rising indebtedness of Slovaks. While the first measures were introduced last year, the new ones were put in place in July.

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Banks in Estonia not yet plugged gaps in AML controls

Banks in Estonia have not yet plugged all the gaps in their money laundering controls, the Baltic state’s regulator said, pledging to maintain a clampdown.

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Slovenia’s organic farming sector notes healthy growth

Slovenia's organic farming sector continues to grow slowly but steadily, with 3,320 agricultural holdings registered as organic farms in 2018, a 4 per cent increase over 2017.

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