Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be “almost inevitable” if imports of Russian oil and natural gas were stopped. German banks are expecting the country’s GDP growth to slow to 2% in 2022 from 2.7% in 2021, in the
Poland, Latvia, Lithuania and Estonia will this week commence a process of complete isolation from Russia and Belarus, the Ukrainian Deputy Minister of Infrastructure Mustafa Nayem announced on Monday. In a letter sent to the ministries that oversee infrastructure in each of the four countries, the Ukraine government suggested the
Hungarian Prime Minister Viktor Orbán secured his fourth consecutive term with a landslide victory in Hungary’s national elections on Sunday. Orbán’s Fidesz party secured 53% while the United for Hungary six-party opposition alliance received only 35%. The margin of victory was beyond predictions, as the opposition alliance had
Austria will delay its controversial mandatory vaccination programme by two months until April for technical reasons, electronic health record office ELGA GmbH, which is overseeing the process, announced Friday. The news came as scepticism rose in Austria’s epidemiological and academic communities regarding the programme. Karl Stoger, a member of
Hungarian Family Minister Katalin Novak accepted ruling Fidesz’s nomination for her to become president of Hungary on Tuesday. Novak, 44, tweeted “To represent Hungary, to serve the whole Hungarian nation – I am preparing for this challenging task with faith, spirit and heart. I respectfully accept the nomination as President