Below find the highlights from the week as well as stories that will be developing in the near future.
E-commerce Boom: Czechia is the fastest growing in the market, according to JP Morgan. “In 2017 alone, the number of Czech online shops increased by 3,900 to reach 40,100.” Emerging Europe
Hungarian Microsoft Settlement: The US tech giant has agreed to pay $26 million to the Securities and Exchange Commission (SEC) in fines related to kickbacks which were paid to Hungarian officials for the purchasing of Microsoft products. Washington Post
LGBT March: The police in the Polish city of Białystok have arrested 25 counter protesters who attacked participants in the city’s first LGBT Pride parade. The attacks were condemned by the Polish interior minister, but many pointed out that the current government is not in supportive of the community. The country’s leader, Jarosław Kaczyński, has even called LGBT rights a “threat” to Poland. BBC
Layoffs in Slovakia: US Steel will make 2,500 workers redundant in Kosice, a city located in the east of the country which is already beset by high unemployment. The company cited the high cost of environmental regulations as well as cheaper imports from outside the EU. France 24