Central European Times

Central European Times

The European Commission building in Brussels

EC unveils EUR 2tn 2028-34 budget draft, tilting funding model towards CEE countries

The EC is expected to present the proposal formally as part of its mid-term budget review later this year. The plan must be approved unanimously by all 27 member states and endorsed by the European Parliament. Opposition is expected from net contributor countries and regions facing cuts.

Ukrainian President Volodymyr Zelenskyy addresses the Ukraine Recovery Conference

Poland, Czechia, Baltics lead Ukraine recovery push, Hungary, Slovakia reject plans

CEE contributions include cross-border logistics, public-private coordination platforms, and green recovery initiatives. Regional forums such as the Three Seas Initiative are also expected to play a larger role in financing and implementation.

The flags of Poland and the European Union waving in the wind

Poland leads EU funding recipients with EUR 123.3 bn in long‑term budget draft

The European Commission (EC) published long-term budget allocation plans on 17 July, showing Poland set to receive the highest national allocation under the 2028-34 Multiannual Financial Framework (MFF), totalling EUR 123.3bn.

Slovenian Prime Minister Robert Golob speaks at the NATO summit

Slovenia cancels NATO referendum amid rising defence cost backlash

The Slovenian referendum cancellations should stabilise Golob’s coalition, ahead of national elections in 2026. However, the episode reflects wider unease across CEE, as rising military costs challenge domestic politics and expose diverging visions of NATO’s future.

Ministers from Southeast Europe and Ukraine on a joint photo at the Dubrovnik Forum 2025

Balkan ministers back Ukraine’s NATO bid at Dubrovnik summit

Serbia and Bulgaria did not sign the Dubrovnik declaration. Serbian President Aleksandar Vucic has maintained a policy of strategic ambiguity regarding NATO, while Bulgarian President Rumen Radev has voiced concerns about deepening military support for Ukraine.

Polish Prime Minister Donald Tusk before the Council of Ministers meeting

Poland's EU presidency under review: efficient but cautious

Key deliverables included the Strategic Technologies for Europe Platform (STEP), East Shield funding eligibility, three rounds of Russia sanctions and progress on Montenegro's EU accession.

Montage of EU stars and the text "Cohesion Policy"

CEE countries jointly oppose EU's 'flexible funding' plan

The signatories, including Poland, Romania, Hungary, Bulgaria, Slovakia, Estonia, Latvia and Lithuania, said the policy’s “visibility and predictability” would be compromised if merged into a broader single investment fund.