EC backs withholding EUR 7.5bn from Hungary
The European Commission (EC) recommended the rescinding of 7.5 billion euros worth of cohesion funds from Hungary on Sunday, unless it...
Polish energy giant PKN Orlen mulls purchase of German refinery
Polish refiner PKN Orlen is considering buying a majority stake in the PCK Schwedt refinery in north-east Germany, which until Friday...
As Ryanair suspends CEE flight routes, Aeroexpress mulls new services
Ryanair CEO Michael O'Leary said his budget airline has no plans to withdraw from Hungary but will cease some services in...
MEPs to vote on rule of law in Hungary, as EC mulls next move on suspended funds
As the September 21 deadline approaches, leaders in Brussels are split on whether to finally unlock billions of euros that have...
Batteries are powering CEE’s e-mobility transition – CET analysis
As the EU accelerates its shift to electric vehicles by outlawing internal combustion engines by 2035, the auto industries in Central...
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...
V4 countries cast net wide for gas supplies
Czech Prime Minister Petr Fiala will travel to the Netherlands this week to open a new terminal, according to an agreement...
Ukraine, Kosovo, security on agenda at Open Balkan summit
European Commissioner Oliver Varhelyi said the EU’s EUR 29bn investment package for the Western Balkans “has the potential to transform the...
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...
Croatian authorities launch probe into massive gas-resale scam at INA
A total of five individuals including a top Croatian lawyer and an executive at energy firm INA have been charged with...
Polish photovoltaic company Toren acquired by Swiss firm MET
Polish greenfield solar power project Toren Spolka Akcyjna agreed a 100% share purchase agreement with the Swiss-based energy company MET Group...
Hungary to push on with Paks II project, as nuclear agency issues partial construction permit
Hungary's National Atomic Energy Authority (OAH) has granted a partial licence in connection with the expansion of the country's only nuclear...
Poland deal with South Korea represents new era of European defence
Poland will sign executive agreements with The Republic of Korea on Friday to equip the Polish Army with its first shipments...
Bulgaria wavers on pivot back to Russian energy
Bulgaria has resumed discussions with Russian state energy company Gazprom regarding the country's natural gas supplies, interim Energy Minister Rossen Hristov...
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...
Hungary makes giant bid to buy Vodafone
Vodafone Group has agreed to sell its Hungarian subsidiary to the Hungarian state and government-affiliated systems integrator 4iG for HUF 715bn...
Greenhouse gases remain below pre-COVID levels in Q1 2022
EU economy greenhouse gas emissions were up year-on-year in the first quarter of 2022, at 1.029 billion tonnes, but were still...
Estonia becomes latest CEE country to be targeted by Russian hackers Killnet
Estonia has repelled its most severe hacking attack in 15 years, the government announced on Thursday. The hack of the previous day...
Ex Czech PM in crosshairs of French money laundering probe
The French prosecutor's office has opened a money laundering investigation into Andrej Babis’s purchase of luxury property in France through a...