South Korean defence manufacturers will sign contracts worth EUR 7.53bn with Poland before the end of the month, The Korea Economic Daily (KED) reported. Polish Defence Minister Mariusz Blaszczak confirmed the news on Friday afternoon. The companies involved in what may become a long-term bilateral relationship include Korean Hyundai
The EU annual inflation rate rose from 8.8% to 9.6% in June, the bloc’s official statistics agency Eurostat reports. The inflation rate in June last year was 2.2%. Inflation was highest in Central and Eastern Europe (CEE), and in the three Baltic countries in particular, with
Austrian Foreign Minister Alexander Schallenberg said it is extremely important that the EU provide support to Africa, when he and his opposite numbers from Slovakia, Czechia, Hungary and Slovenia gathered in Budapest on Thursday. Russian President Vladimir Putin is taking advantage of the famine caused by his war in Ukraine,
The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday, as fears of a looming European energy crisis rise across the continent. The crisis meeting of Hungarian Prime Minister Viktor Orban’s energy cabinet on Wednesday was prompted, according to
The EU formally approved on Tuesday Croatia joining the Eurozone on New Year’s Day 2023, and proclaimed the development as the end of an “amazing journey” for the Balkan country. Croatian Finance Minister Zdravko Maric declared Tuesday an “historic day” for the nation of 3.9 million people, which