V4 plus Austria agree on issues such as migration, border security and enlargement, but differences arise over nuclear energy as a solution to climate crisis.
Coal producing regions such as those in Poland and Czechia stand to benefit from the Just Transition Mechanism, a tool Brussels hopes will mobilise up to €100bn to ease the move away from coal as a source of energy.
A growth deceleration is forecast in Slovakia, where the automotive industry and other sectors face weaker external demand that will negatively impact exports.
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
The four V4 capitals are all run by leftist-liberal politicians in opposition to their national governments. They pledged to lobby for more direct funding from the EU, and promote tolerance and liberal values.