Croatia to get less Covid recovery funding after economic rebound in 2021
The European Commission (EC) will cut Croatia’s maximum share of the EU's Recovery and Resilience Facility (RRF) stimulus programme by around...
Hungary leads EU for solar electricity generation
Hungary had the highest proportion of solar technology in its electricity production in the EU last year, according to the Hungarian...
Inflation soars in the Baltics
Surging energy prices pushed prices up across the EU in June, but the three Baltic countries have been hardest hit, according...
Bulgaria coalition on brink after just six months
Bulgarian Prime Minister Kiril Petkov is trying to save his administration by persuading seven MPs to support his coalition in the...
Austria tries to get Serbia back on EU track
Austria’s foreign and European affairs minister said he expects the countries in the Western Balkans (WB) to join the EU, after...
CEE urges more time for EU projects
Inflation is endangering EU-funded infrastructure constructions across Central and Eastern Europe (CEE), and affected countries say the European Commission (EC) is...
Polish ‘train levitation’ firm among six CEE startups to secure EU innovation funding
The European Innovation Council (EIC) will award grants or equity investments of up to EUR 17.5mn to six “high potential” startups...
Plan to disburse over EUR 35bn recovery cash to Poland stings MEPs into action
MEPs are planning to protest the transfer of a EUR 35.4bn EU stimulus package to Poland, arguing that the country has...
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 twentieth...
Croatia agrees to expand oil capacity to CEE
Croatia is ready to enlarge the capacity of the Adria oil pipeline as part of a long-term energy cooperation agreement to...
Lithuanian FM opens up to The Spectator, as country strengthens security, trade with UK
Lithuania allowing Taiwan to open a ‘Taiwanese Representative Office’ in its capital Vilnius “gave China reason to go all-out against us”,...
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 for...
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) are...
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...
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 (MCC)...
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...
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 came...
EC unveils EUR 300bn plan to decouple from Russian energy within 5 years
The European Commission (EC) adopted a EUR 300bn proposal for the 27-country bloc to be entirely independent of Russian energy by...
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 would...