The EU has big plans to scale up battery production in Europe to make the major switch from fossil fuels to electromobility a reality by the end of the decade. But will the planned protectionist measures help achieve its goal? Following a unanimous decision last December by EU governments to
Czech prime minister Andrej Babiš should be indicted over charges of fraud involving European Union subsidies, according to a recommendation by Czechia’s national police, who made their announcement about Babiš on Monday. Prosecutors there said they had received an updated police investigation into his alleged involvement in fraud estimated
Usually, at this time of the year in Europe, everyone is already planning where they will spend their summer holiday. However, the coronavirus pandemic has forced us to reinvent many areas of life, like vacationing habits. The European vaccination campaign has accelerated in recent weeks and the third wave of
The net sales of Hungary’s MVM Group amounted to HUF 1,835 billion last year, which is EUR 71,8 million higher than in 2019 and an increase of 91% compared to 2016, János Sum, Deputy Chief Financial Officer of MVM Zrt said told the press. Other numbers are
Central Europe’s largest solar plant has been inaugurated in Kaposvár, southwest of the Hungarian capital Budapest. The 100-megawatt solar power plant was built by China National Machinery Import & Export (CMC), a Chinese company investing HUF 36 billion. The Kaposvár solar power plant increases Hungary’s photovoltaic capacity
The EU was unusually unified and prompt in condemning Belarus for “hijacking” the Irish low-cost carrier Ryanair plane. The European Council has imposed new sanctions including banning Belarus’s airlines from using EU airspace and airports. Yet, it is still questionable whether tougher sanctions could force Lukashenko to change
Lawmakers in some of the most influential EU member states say the Union’s Digital Marketing Act (DMA), set to regulate the actions of tech giants like Amazon, Facebook, and Google, is simply too weak. A coalition of Germany, France and the Netherlands recently submitted a letter in which they
Two European airlines, Austrian Airlines and Air France, have had to cancel flights to Moscow after Russian authorities denied permission for them to divert around Belarus to be in line with new EU sanctions. Russia’s ambassador to Austria, Dmitry Lyubinsky, justified the move on Facebook, writing that the “politicization”
Slovenia’s prime minister, Janez Janša, is facing increasing pressure from the European Union as his country is poised to take over the European Council presidency. For one, he is alleged to be obstructing the work of the Office of the European Public Prosecutor (EPPO), a new EU office whose
In a joint statement sent to the European Commission, five member states have issued a call to establish stricter supervision of the use of biofuels in the EU. The Netherlands, Germany, France, Belgium, and Luxembourg made their demand following a number of fraudulent cases related to the sale of used
Pushed through by state secretary Norbert Izer and communicated by the Ministry of Finance as a success story, Hungary has reduced the tax rate on cryptocurrencies from 30.5% to 15%. The announced tax reform has, to some extent, been triggered by rising prices, although – independent of the government’s
Twenty companies are responsible for producing more than half of all the single-use plastic waste in the world, fuelling the climate crisis and creating an environmental catastrophe, new research reveals. ExxonMobil is the greatest single-use plastic waste polluter in the world, contributing 5.9m tons to the global
Known as the “Airbnb of clean energy” and “brAIn,” the Slovak startup Fuergy is a Central European success story in the field of green technology. Fuergy revolutionizes energy consumption through its commitment to making renewables effective and affordable to everyone. The company has built a highly scalable hardware device and
After what is being called the hijacking of a Ryanair flight from Athens-Vilnius on Sunday, heads of state and governments of the European Union on Monday rushed to agree a fresh wave of economic sanctions against Belarus. The European Council meeting document “strongly condemns the forced landing of a
A Ukrainian start-up, Horos.ai promises to help farmers maximize yield, and minimize herbicide and water use with drone technology-driven machine learning. “We were early drone enthusiasts. A few years after meeting in 2013, we started to think about ways drone footage and data could be useful. One