Energy

Orban won by a landslide, but Hungary’s economy is sliding too

The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday.…

2 years ago

EU deducts unpaid fines from payment to Poland

The Polish Finance Ministry confirmed on Thursday that the European Commission (EC) has paid Poland EUR 30 million less in…

2 years ago

Hungary’s Tungsram needs gov’t bailout

The chairman-CEO of one of Hungary’s oldest and best known companies, historic light bulb maker Tungsram, appealed to the government…

2 years ago

Deutsche Bank CEO opposes Germany decoupling from Russian energy

Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be "almost inevitable” if imports…

2 years ago

Warsaw gets serious about eliminating Russian energy imports

Poland adopted draft legislation on Wednesday to prohibit coal imports from Russia. In its efforts to move away from all…

2 years ago

America and EU start plan to reduce Russian energy imports to Europe with more US LNG

The United States agreed a deal on Friday with the European Union to provide the bloc with an additional 15…

2 years ago

NATO Summit to decide on troop deployments in Bulgaria, Hungary, Romania, Slovakia

NATO representatives meeting on Thursday will consider boosting the strength of the defence alliance’s eastern flank even further given Russia’s…

2 years ago

Bulgaria, Lithuania, Poland look to reduce dependence on Russian sources of energy

Efforts to reduce dependency upon Russian sources of energy within countries in Central and Eastern Europe have taken on a…

2 years ago

“Clear evidence” of war crimes in Ukraine, says US Pentagon

The US Defence Department says there is “clear evidence” that Russian forces are committing war crimes in Ukraine, according to…

2 years ago

Lavrov calls arms supplied to Ukraine a “legitimate target”

Russia’s Foreign Minister Sergey Lavrov said on Friday that Slovakia providing air defence systems to Ukraine is a no-go, according…

2 years ago