A collection of 372 posts
The Hungarian government said on Monday that it will pass a parliamentary resolution condemning EU criticism of its refusal to participate in the plan to introduce a global minimum tax rate of 15%. The measure, which aims to create a global tax floor for multinational corporations, is backed both by
The Czech, Polish and Hungarian currencies all weakened against the major global currencies this week, as recession fears intensified globally, impacting emerging markets. As investor sentiment became more risk averse, investors have turned to the dollar, and the Polish zloty and the Czech crown both weakened against the greenback. However
Hungary had the highest proportion of solar technology in its electricity production in the EU last year, according to the Hungarian energy and public utility authority MEKH. Solar accounted for 11.1% of electricity generation in Hungary last year, MEKH announced on Monday, local business website Portfolio reported. Athough Hungary’
Croatia has been given the go-ahead to adopt the euro from the start of next year, when it will become twentieth country to do so, and the first since Lithuania in 2015. Having received positive assessments of the ECB and the European Commission, the path for euro adoption is now
Croatia is ready to enlarge the capacity of the Adria oil pipeline as part of a long-term energy cooperation agreement to transit oil to Hungary and Slovakia, the countries jointly announced. Adria, also known as the Yugoslav or JANAF, is a crude oil pipeline in Croatia, Serbia and Hungary, which
The Slovak government approved a proposal to impose an extra import tax on Russian-processed crude oil on Wednesday. The levy would impact Slovnaft, a subsidiary of Hungarian energy firm MOL that has a refinery in the Slovak capital of Bratislava, Hungarian-language Slovak daily Uj Szo wrote. Slovak Finance Minister Igor
Croatia is currently boosting its own gas security in preparation for next winter, Energy Minister Davor Filipovic announced. By 1 November, Croatia will have filled its only underground gas storage facility in Okoli, central Croatia, by up to 90%, Filipovic told state broadcaster HRT. Filipovic was speaking after a report
The European Commission (EC) could channel funds to countries in Central and Eastern Europe (CEE) to help reduce their dependence on Russian fuels, in the wake of Hungary threatening to veto the planned EU embargo on Russian oil imports. The financial compensation would be disbursed via the new RePowerEU strategy
NATO has around 30 surveillance and fighter jets in airspace outside of Ukraine and Belarus at any moment according the defence alliance, in response to Russia’s invasion of Ukraine. NATO also released an infographic outlining the allied aircraft able to be deployed in airspace in Central and Eastern Europe
European Commission President Ursula von der Leyen paid an unexpected visit to Budapest on Monday evening to discuss the EU’s proposed package of sanctions against Russia with Hungarian Prime Minister Viktor Orban. After the meeting, von der Leyen tweeted: “This evening’s discussion with PM Viktor Orban was helpful
The EU has revised its proposal to ban Russia oil imports by the end of 2022, in order to give Hungary and Slovakia an extra two years to comply. The third country offered a deadline extension by the EU is Czechia, which would have a six-month earlier deadline, of June
The Polish government’s Stop Russia Now advertising campaign arrived in Hungary on Wednesday, increasing speculation that the alliance between the two countries’ populist nationalist governments has reached breaking point over differences on Russia’s invasion of Ukraine. Of the Visegrad Four (V4) group, comprising Poland, Czechia, Slovakia and Hungary,
There were mixed messages from Central and Eastern Europe (CEE) on Wednesday, when the European Commission (EC) announced plans for a Russian oil embargo. In CEE, two of the countries that would be most affected by the import ban had markedly different reactions to the announcement. While Slovakia merely requested
Estonia has the healthiest media environment in Central and Eastern Europe (CEE) according to the Reporters Sans Frontiers/Reporters Without Borders (RSF) 2022 World Press Freedom Index released on Tuesday 3 May. The RSF meanwhile singled out two CEE countries as showing marked promise for press freedom: “Moldova (40th) and
The European Commission (EC) may allow Hungary and Slovakia to opt out of the Russian oil embargo currently being drawn up, Reuters reports. The EU will on Tuesday finalise its sixth package of sanctions against Russia, and is aware of how dependent the two countries are on Russian crude oil,