With the country seeing a massive surge of the COVID-19 pandemic and having to deal with a tenuous international credit rating, now Romania’s government has failed to pass through a no-confidence vote today, 5 October. Romanian prime minister Florin Citu and his minority-led coalition had only been in power
Vice President of the Hungarian Energy and Utilities Regulatory Authority, Pál Ságvári, expects high gas and energy prices to stay high over the next few months. He compared the situation to a “perfect storm,” given that in recent months there were temporary supply disruptions on both the Russian and Norwegian
Czech prime minister Andrej Babis is one of the most prominent active politicians featured in the so-called Pandora Papers, a massive trove of information from offshore services firms totaling 11.9 million secret files – published on 3 October by the International Consortium of Investigate Journalists. According to the revelations, Babis,
At the first meeting of the newly founded EU-US Trade and Technology Council (TTC) the EU and the US governments have set the stage for closer technological cooperation and a sharing of progressive trade rules. The aim of TTC is two-fold: simultaneously support domestic industries and achieve a higher level
MEP Klara Dobrev emerged as the frontrunner in Hungary’s first ever primary election to select a united-opposition candidate to stand against Prime Minister Viktor Orban, on Wednesday. Dobrev, an MEP for the left-leaning Democratic Coalition party that was founded by her husband, ex-premier Ferenc Gyurcsany, won around 34% of
Electric car sales more than doubled in 2020 in the European Union, and are up by 130% for the first half of this year. That’s why electric auto manufacturers from China are looking to make inroads into Europe, where the European Union is pushing to reduce greenhouse gas emissions
If licensing doesn’t hold things up, the construction of an interconnector designed to help countries around the Baltic Sea diversify their sources of natural gas is scheduled to begin deliveries in the second half of 2022, according to Lithuania’s energy minister, Dainius Kreivys. Once completed, the pipeline will
Hungary has signed a long-term agreement with Russia’s Gazprom, which will supply 4.5 billion cubic meters (BCM) of natural gas over a 15-year period at a significant discount from what the country has been paying – a situation which has created tensions between Hungary and Ukraine, whose gas pipeline
Estonia’s one-billion-euro recovery plan was approved by the European Commission on Sunday, the country’s finance minister Keit Pentus-Rosimannus announced. The funds will be spent on digital and environmental projects as part of the EU’s Green New Deal and Next Generation schemes. Of the money, 200 million euros
Uncertainty could loom over Europe for some time following this past weekend’s German elections, which did not produce a clear winner. Although the center-left Social Democratic Party (SPD) won by a narrow margin of 1.5% ahead of the center-right Christian Democratic Union (CDU), a long and wary period
The average price of energy for households in Budapest is 10.63 eurocents / kWh, which ranks the Hungarian capital first – the cheapest – among the EU capitals. Electricity prices were even lower in Belgrade, Serbia. The highest prices among EU capitals were registered in Copenhagen and Berlin, with rates three times
Getting more women involved in the workforce in Central & Eastern Europe (CEE) could reap huge benefits – billions of euros – for the region’s economies and even address its labor shortages. That’s according to a report recently released by McKinsey entitled “Win-win: How empowering women can benefit Central and
A dispute between Czechia and Poland over the shut-down of a brown coal mine has turned into diplomatic spat. Media in Hungary have reported that Polish prime minister Mateusz Morawiecki decided to cancel his appearance at this week’s Demography Summit in Budapest, where his Czech counterpart Andrej Babiš is
On a visit to Poland this week, the US secretary of Energy, Jennifer Granholm, launched the Partnership for Transatlantic Energy and Climate Cooperation, emphasizing the development of nuclear power as a way for Poland and others in Central & Eastern Europe to achieve their carbon reduction targets. Granholm said that
The citizens of EU’s richest and most populous country go to the polls on September 26, and no foreign election is as important to Central Europeans as Germany’s. With Chancellor Angela Merkel set to stand down as leader of the bloc’s economic engine after 16 years, the