EU clears path for EUR 18bn loan to Ukraine
Next year the EU will provide Ukraine with EUR 18bn, circumventing Hungary's veto, the Council of the European Union announced on...
Eastern Europe
Wizz vs Ryanair: which budget airline rules CEE?
Wizz Air will serve 31% more passengers than Ryanair in Central and Eastern Europe (CEE) and the Caucuses this winter, according a...
V4 meeting pulled as Polish, Czech speakers object to Hungary’s proximity to Russia
The meeting of the parliamentary speakers of the Visegrad Four (V4) countries scheduled for this Friday (25 November) has been cancelled...
Poland grants Ukraine access to disaster site, after two citizens killed by missile
The death of two men at the hands of a missile on farmland in the Polish village of Przewodow sparked fears...
Gov’t interventions see Poland, Slovenia, Hungary buck H1 electricity bills trend
Household electricity prices rose year-on-year in the first half of 2022, from EUR 22 per to EUR 25.30 per 100 kWh...
Forint recovers as Gazprom grants Hungary gas payment deferral
The forint rebounded against both the US dollar and euro late Monday, on news that Russian-state-run energy company Gazprom has agreed...
Pro-NATO PM wins Latvian election, as ethnic-Russian voters shun pro-Kremlin parties
Latvia’s ruling centre-right party Jauna Vienotiba (New Unity) was the clear winner in the country’s general elections at the weekend with...
Poland opens Baltic Pipe, as other pipelines wrecked in dramatic day for CEE energy
Polish officials symbolically commissioned the Baltic Pipe natural gas pipeline with Norway on Tuesday, a day that turned out to be...
‘The Chinese always have a multi-layered approach’ – CEPA expert Tamas Matura talks China in CEE with CET
Hungarian Sinologist Tamas Matura argued in his recent report for CEPA that China wields little influence in Hungary, despite the Hungarian...
Baltic countries to fully ban entry for Russian citizens, while EU plans major restrictions
Lithuania, Latvia and Estonia are finalising coordinated agreements on restricting entry for the Russian citizens with Schengen visas, the three Baltic...
Hungary to call for removal of Russian oligarchs from EU sanctions list – report
Hungary will not agree to the extension of EU sanctions against Russia unless visa bans and asset freezes against three Russian...
Scholz says ‘centre of Europe is moving eastwards’ on Prague visit
German Chancellor Olaf Scholz emphasised the urgency of accession for aspiring EU members in Central and Eastern Europe (CEE) when he...
Europe’s drought worst in 500 years – EC report
Slovakia, Hungary, Romania and Moldova were among the European countries most affected by low rainfall rates in the three months up...
Lithuanian PM defends decision to permit Russian transits to Kalingrad
Lithuanian Prime Minister Ingrida Simonyte reacted to criticism on Thursday over her country’s acceptance of the transport of civilian-use goods from...
Hungary declares energy emergency
The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday, as...
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 have...
Metals illustrate difficulty of decoupling from Russian economy – CET analysis
The US can do without Russian oil, but has been reluctant to give up on its metals. Sanctions against Russian aluminium...
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 assets...
Hungary leverages over EU oil sanctions
The EU on Monday failed to make headway on finalising a sixth package of sanctions against Russia in response to its...
EU may compensate CEE countries for hit from Russian oil embargo
The European Commission (EC) could channel funds to countries in Central and Eastern Europe (CEE) to help reduce their dependence on...