Here are the latest reports from The Wall Street Journals ‘Emerging Europe’.
Skoda Auto January-September Operating Profit Surges on Booming Car Sales
Volkswagen AG’s Czech unit Skoda Auto AS said Thursday that its operating profit surged 76% on the year in nine months through the end of September, driven by higher sales of the carmaker’s revamped models and lower investment expenditures.
German Children’s Show Features Hungary Protest
Hungarian demonstrations in recent days against the government’s plan to tax Internet traffic have been among top news stories globally, covered in Europe and the United States. They were even featured on German state TV channel ZDF’s news program for children.
Central European Factory Output Expands Despite Concerns over Western European Demand
Factory output expanded in the three largest Central European economies in October but signs of weakening demand in Western Europe may still hurt export-focused manufacturers in the region.
Hungary Supreme Court Allows Homeless Back on Streets
Hungary’s Supreme Court threw out a part of a bill that prevented the homeless from staying in the streets of the nation’s capital, Budapest.
Hungary Tax Office Head Says Banned from Entering U.S.
The head of Hungary’s Tax Office has acknowledged she’s among those the U.S. has banned from entering because of alleged involvement in corruption amid deteriorating relations between Budapest and Washington.
Bunge Denies Links to Hungary Fraud, U.S. Travel Bans
U.S. agricultural and food giant Bunge Ltd. on Thursday has become embroiled in the deteriorating relations between Hungary and the U.S., with tit-for-tat allegations of corruption and tax fraud. The has denied any involvement in any of the issues.
Cold War’s 25th Anniversary Stark Reminder of Russian Threats
As Russian provocations continue in Europe’s eastern regions, this month’s 25th anniversary of the end of the Cold War is turning out to be a stark reminder that the threat of Moscow’s imperial ambitions has not subsided.
Slovak Utility Diversifies Enriched Uranium Supply Chain Away from Russia
Slovak utility Slovenske Elektrarne looks to be among the first post-communist countries in the European Union’s east to secure a non-Russian provider of enriched uranium for eventual use as fuel in Russian-designed reactors since the bloc set out a fuel-diversification goal this May.
Hungary Central Bank Sets Up Asset Manager for Bad Commercial Property Loans
Hungary’s central bank is in the process of setting up an asset management agency to handle non-performing commercial real-estate loans to help banks clean up their corporate loan portfolio and boost lending.
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