News in brief

Croatia set to join the Euro

Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become…

2 years ago

Baltic countries see rocketing inflation as Eurozone hits all-time high

Inflation was highest in Estonia amongst the Eurozone countries in May, according to a Eurostat report that estimated 20.1% year-on-year…

2 years ago

While Slovakia cuts Russian gas, Serbia agrees ‘extremely favourable’ deal with Putin

As Europe attempts a highly complicated manoeuvre to phase out Russian energy, two countries in Central and Eastern Europe (CEE)…

2 years ago

Hungary to levy windfall taxes on banking, energy, telcos, airlines, retail, pharma, ads

Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will…

2 years ago

Renewable energy mid-term answer to soaring inflation – Berlin institute

Fossil fuel prices in Europe have increased notably since the onset of Russia’s invasion of Ukraine, the Mercator Research Institute…

2 years ago

CEE states urge EU to rebuild Ukraine with seized Russian assets

In a letter to be sent to EU finance ministers, Slovakia, Lithuania, Latvia and Estonia jointly call for frozen Russian…

2 years ago

OMV to transfer euros to Russia for payments to Gazprom

Austrian energy group OMV announced on Friday that it was opening an account with Russian Gazprombank for ruble conversion. The development…

2 years ago

Slovakia to tax Russian-processed oil

The Slovak government approved a proposal to impose an extra import tax on Russian-processed crude oil on Wednesday. The levy…

2 years ago

Croatia plans for worst case energy scenario

Croatia is currently boosting its own gas security in preparation for next winter, Energy Minister Davor Filipovic announced. By 1…

2 years ago

Poland set to unlock EUR 36bn in COVID recovery funds frozen over dispute – report

The European Commission (EC) is about to release the EUR 36bn Recovery and Resilience Plan (RRP) funds to Poland that…

2 years ago