A collection of 14 posts
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday 23 November. The plan details spending for the EU’s one-off supplementary recovery fund, which, like most EU member states, the Hungarian government began to revise in August. The
Romania has signed a RON 562.61mn (EUR 106.64mn) construction contract for a road connecting the Autostrada Transilvania (A3) and the DN1 in Tureni, Cluj county, central Romania, Digi24.ro reported on Friday, 28 July. The expressway will include 7 bridges and viaducts, with the longest being a 258-metre
The opening of the Braila road suspension bridge puts Romania into the category of countries with leading road infrastructure, Romanian Road Infrastructure Administration Director Cristian Pistol told media at its inauguration ceremony, Digi24.ro reports. The EUR 700mn project received EUR 363mn from the EU’s Cohesion Policy funds. According
Romania, Poland, Hungary, Bulgaria and Slovakia expressed concern in a letter to the European Commission (EC) on Friday over an “unprecedented” increase in the number of Ukrainian grains, oilseeds, eggs, poultry and sugar in their countries. Large quantities of cheaper Ukrainian grains have been redirected to countries in Central and
Romania, Bulgaria, Hungary and Slovakia have jointly requested EU funding to develop the necessary infrastructure to support increased gas supplies from Azerbaijan. The countries say they recognize the importance of energy security for Central and Eastern Europe (CEE) and see the potential for Azerbaijan to play a crucial role in
The EU last year attempted to address the erosion of perceived democratic norms of the populist governments of Hungary and Poland, by withholding a combined EUR 138bn in funding from the two states. After this unprecedented move, 2023 will be the year when the EU decides on whether to make
As the September 21 deadline approaches, leaders in Brussels are split on whether to finally unlock billions of euros that have been withheld from Hungary due to concerns about the rule of law and corruption in the country. In addition to around EUR 6bn that Hungary was earmarked to receive
Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic downturn caused by Russia’s invasion of Ukraine. Under the “Support for Romania” measures that Prime Minister Nicolae Ciuca unveiled on Monday, firms impacted by the war in Ukraine
The Polish Finance Ministry confirmed on Thursday that the European Commission (EC) has paid Poland EUR 30 million less in EU funding over the country’s failure to pay European Court of Justice (ECJ) fines, in an unprecedented move. The ECJ has so far levied EUR 200 million in penalties
The European Union’s top court ruled that it can reduce funds to member states over rule of law concerns, rejecting a legal challenge from Poland and Hungary, on Wednesday. Hungary called the verdict “an example of how Brussels is abusing its power”, while Poland condemned the Court of Justice
From next week a new tool may empower the EU to suspend funds to member states over rule of law breaches. That decision, to be made by the European Court of Justice (ECJ), could allow the European Commission (EC) to block EU funds to Budapest and Warsaw, EU Reporter writes.
The European Commission (EC) will withhold approximately EUR 15 million in EU funding from Poland for its refusal to pay fines issued by the European Court of Justice (ECJ). For months Warsaw ignored an ECJ order to pay a daily fine of EUR 500,000 for its refusal to shut
Slovakia’s capital city Bratislava is having difficulty getting EU funding after the rapid rise in its GDP per capita in recent years. As with many Central and Eastern European capitals, Bratislava’s wealth has climbed well above the EU average, meaning that the city no longer qualifies for EU
Start-ups in Central & Eastern Europe (CEE) are just beginning to dip their toes into the “space tech” business, a domain once reserved for governments and one which has high barriers to entry and requires deep know-how, but the region could provide fertile ground for developing a space tech industry.