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...
Ukraine
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...
Czechia takes up Russia’s place at UN special session on Ukraine on Thursday
Czechia will participate in the UN Human Rights Council meeting on Thursday 12 May, after being elected as Russia’s replacement in...
NATO ups air presence in CEE airspace
NATO has around 30 surveillance and fighter jets in airspace outside of Ukraine and Belarus at any moment according the defence...
NATO chief vows to up Baltic sea presence during Swedish application process
NATO will increase its number of forces in the Baltic sea if Sweden applies to join the defence alliance, NATO Secretary-General...
Poland takes anti-war drive to Hungary
The Polish government’s Stop Russia Now advertising campaign arrived in Hungary on Wednesday, increasing speculation that the alliance between the two...
CEE countries react to EU plan to completely phase out Russian oil
There were mixed messages from Central and Eastern Europe (CEE) on Wednesday, when the European Commission (EC) announced plans for a...
Europe’s road from Ostpolitik to a possible total Russian energy ban – CET analysis
Mutually beneficial business relations were meant to cement cooperation and peace in Europe after WWII. This post-world war global order is...
Pro-war Latvians risk losing status under new law
People supporting war crimes can have their citizenship removed in Latvia as of today, after a large majority of the country’s...
EU mulls green-energy target hike
The European Commission (EC) is assessing whether the EU can ramp up its renewable energy target for 2030 from 40% to...
Russian energy boycott could hit CEE hard
New sanctions on Russia’s oil and gas currently being discussed by EU leaders would impact several Central and Eastern Europe (CEE)...
Estonia most generous to Ukraine per head, Poland second biggest donor in absolute terms
Estonia is providing the most aid to Ukraine by far in relation to its economic output, according to a new data...
ECB maintains zero interest rate, hike on the agenda later in 2022
“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of the...
EU states see green goals, Russian energy cuts as win-win
A coalition of 11 European Union states led by Denmark wants to accelerate the continent’s green transformation, in order to end...