A collection of 376 posts
While the Hungarian forint was hardest hit, all the currencies of the Central and Eastern Europe (CEE) region are suffering adverse effects as a result of the war in Ukraine. Proximity to the war zone, dependence on Russian gas and the impact of EU sanctions combined to commence the CEE
The European Commission said it planned to cut its reliance on fossil fuels from Russia by 2030, reducing dependence on Russian sources of energy by two-thirds by the end of the year. But it turned out there will be no ban on imports of Russian oil and gas imports to
Hungary’s Parliament elected Fidesz Vice President and Family and Youth Affairs Minister Katalin Novak as the country’s next President on Thursday, succeeding President Janos Ader, according to Hungary Today. She was elected with 137 out of 188 votes. The united opposition’s candidate Peter Ronai received 51 votes.
The Guardian reports that on Wednesday morning US time Vice President Kamala Harris was travelling to Poland, where she’ll meet Poland’s President and Prime Minister, on a trip to “further support to our allies and is also an extremely important opportunity to collaborate with them on next steps
Hungary will now allow NATO troops to deploy into the west of the country, reversing an earlier stance of not allowing additional troops from the defence alliance other than its own to be stationed within its territory. Prime Minister Viktor Orban signed a decree to admit the NATO Response Force
French President Emmanuel Macron spoke to Russia’s President Vladimir Putin by telephone for one-and-a-half hours on Thursday. He told his Russian counterpart that he was making a “major mistake” by continuing his Ukraine offensive and that Moscow would remain isolated and under sanctions for a long time. Speaking to
Though united in their commitment to European and NATO positions on the Russian invasion of Ukraine, Central and Eastern European (CEE) countries differ on their potential exposure to Russian gas supplies – a CET analysis. At time of writing, the Russian army is intruding into the heart of Kyiv and residents
As a kilometres-long convoy of Russian forces approached the Ukrainian capital, Kyiv, the country’s President, Volodymyr Zelensky, gave a powerful video address to members of the European Parliament on Tuesday. Pleading for Brussels to show which side it was on, he said, “Do prove that you are with us.
As Ukraine’s second largest city, Kharkiv, was heavily bombarded by Russian forces on Monday, European Union foreign policy chief Josep Borrell announced that EU defence ministers would discuss how the bloc would deliver EUR 500 million worth of defensive weapons to Ukraine. He said, that while Kyiv was resisting
On early Friday, Al Jazeera reported that Russian forces had sent missiles into Kyiv and other locations in Ukraine. Stating that Putin “must and will fail”, the European Union has agreed severe sanctions on Russia. Namely, this means the EU will freeze Russian assets within the Union. Also, Russian banks’
Global news organisations are reporting that Russia launched a full-scale invasion of Ukraine in the early morning hours of Thursday, 24 February, bombing targets across the country and sending in troops. Ukrainian President Volodymyr Zelenskyy has declared martial law in his country. Promising that the world will hold Russia accountable,
United Nations Security Council members condemned Russia’s order to deploy troops to Donetsk and Luhansk after Russian President Vladimir Putin declared them independent, on Monday. Speaking on state television, Putin said “I deem it necessary to make a decision that should have been made a long time ago – to
French President Emmanuel Macron’s tenure as EU President is already looking historic for Europe, only two months in. Macron promised that the rule of law mechanism would be introduced during his six-month term, pledging “a presidency that promotes values which define us”, and has been at least partly vindicated
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
Hungarian airline Wizz Air’s plan to enter the American market is being opposed by a US pilots’ union, which claims it uses “a toxic culture of reprisal” against its employees. Wizz Air’s lax attitude to issues such as fatigue and illness could also compromise safety, according to the