A collection of 105 posts
An outbreak of foot-and-mouth disease (FMD) has prompted mass animal culls and tightened border controls across Central and Eastern Europe (CEE). The breakout represents the first significant detection of FMD in Hungary and Slovakia in over five decades. Since Hungary confirmed its first case at a dairy farm in Gyor-Moson-Sopron
The European Organization for Nuclear Research (CERN) officially welcomed Estonia as its 24th member state on Friday, 30 August. CERN said Estonia’s joining represents “a significant milestone in the organisation’s history and furthering its commitment to international scientific cooperation”, adding that it “culminates a formal application process that
The International Monetary Fund (IMF) has recommended that European governments let consumers bear the brunt of rocketing domestic energy bills, in part to encourage power saving. In the wake of Russia’s invasion of Ukraine, energy consumer prices are rising 40% year-on-year in the euro zone, drastically reducing disposable incomes,
Mutually beneficial business relations were meant to cement cooperation and peace in Europe after WWII. This post-world war global order is now in danger of falling apart, as sanctions against Russia are extended to technology, industry and agriculture, finances and energy. How did the road to globalism begin five decades
EU Commission President von der Leyen proclaimed “the era of Russian fossil fuel in Europe is coming to an end” on Wednesday, after Kremlin-owned energy firm Gazprom cut gas supplies to Poland and Bulgaria. The news came after Russian President Vladimir Putin had warned countries refusing to pay for natural
The EU will extend EUR 130mn to Lithuanian companies affected by the trade restrictions China has imposed on the Baltic country, the European Commission (EC) announced on Tuesday afternoon. The scheme will run until 31 December 2027 or until the “discriminatory” restrictions are lifted, the EC wrote in a statement.
Political newcomer Robert Golob promised to restore “normality” to Slovenian politics after his environmentalist Freedom Movement won 34.6% of the vote in Sunday’s national elections. The Freedom Movement, which was established just less than a year ago, will hold 41 of the 90 parliamentary mandates in the upcoming
People supporting war crimes can have their citizenship removed in Latvia as of today, after a large majority of the country’s MPs voted in favour of amendments to the Citizenship Law on Thursday. Latvia’s Defence, Internal Affairs and Corruption Prevention Committee passed the amendments, a response to Russia’
The European Commission (EC) is assessing whether the EU can ramp up its renewable energy target for 2030 from 40% to 45%, Reuters reported on Thursday. Russia is the EU’s biggest gas supplier, and in the wake of its invasion of Ukraine, the EC is keen to decrease its
New sanctions on Russia’s oil and gas currently being discussed by EU leaders would impact several Central and Eastern Europe (CEE) countries much harder than their Western neighbours, a French government economic research institute estimates in its latest report. In CEE, Lithuania, Bulgaria, Slovakia and Czechia could experience national
Estonia is providing the most aid to Ukraine by far in relation to its economic output, according to a new data tracker set up by the Kiel Institute for the World Economy. The Baltic country has promised aid worth nearly 0.8% of its GDP, way ahead of Poland on
“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of the European Central Bank (ECB), said after its Governing Council met on Thursday afternoon. The ECB restated its intention to conclude bond buying in the third quarter. With inflation at
A coalition of 11 European Union states led by Denmark wants to accelerate the continent’s green transformation, in order to end the bloc’s dependence on Russian energy. EU governments last year commenced talks on reforms aimed at meeting 2030 emissions reduction goals. Now some countries including Poland want
The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the World Bank says in its new report that includes detailed outlook analyses for Poland, Bulgaria, Croatia and Romania. According to the Washington-based lender’s ECA Economic Update Spring 2022 report,
Russia’s Sberbank has sold its 43% stake in Fortenova to Hungarian-US investment fund Indotek Group, Croatian daily Jutarnji List reported. The deal came as the EU and US unveiled new economic sanctions on Russian banks in response to the country’s invasion of Ukraine. Fortenova is Croatia’s largest