A collection of 399 posts
The average price of energy for households in Budapest is 10.63 eurocents / kWh, which ranks the Hungarian capital first – the cheapest – among the EU capitals. Electricity prices were even lower in Belgrade, Serbia. The highest prices among EU capitals were registered in Copenhagen and Berlin, with rates three times
In the last three years only, 19,000 deaths have been linked to coal-power plant-related air pollution in the Western Balkans – according to a fresh study co-authored by the CEE Bankwatch Network and the Centre for Research on Energy and Clean Air. The report focuses on how Western Balkan coal
Hungary’s prime minister, Viktor Orbán, allegedly pledged his allegiance to the European Union and admitted that Hungary is not likely to receive EU COVID-19 recovery funding on time at this past weekend’s “Kötcse” political picnic, an annual closed-circle gathering of people close to the government. According to sources
If not partly or fully owned by the state, like utility and oil companies, the largest companies in the Visegrad 4 (“V4”) countries – Czech Republic, Hungary, Poland, and Slovakia – are mostly foreign-owned and typically operate in the automotive, retail and electronics sectors. They are highly productive and prosperous, driving their
Hungary hosted a major airshow over the weekend, with the participation of dozens of military aircraft from across Europe. The Kecskemét Airshow featured aircraft and helicopters recently purchased by the Hungarian military, like the Airbus H145, Gripens, Falcons, and Zlin training aircraft. British and Italian Eurofighter 2000s were also present,
Hungary has floated the idea of a tripartite agreement to supply Ukraine with natural gas flows through Hungary via liquefied natural gas (LNG) received at the terminal on the Croatian island of Krk. Following a meeting with his Croatian counterpart in Budapest, Hungary’s minister of Foreign Affairs and Trade,
The Hungarian government is opposed to the introduction of a single EU carbon price and extension of the EU’s Emissions Trading System to households, namely buildings and the transport sector, according to state secretary for the Development of Circular Economy, Energy and Climate Policy, Attila Steiner, who noted that
Two countries in Central & Eastern Europe (CEE), Bulgaria and Croatia, are on track to introduce the European common currency. In Sofia, politicians on both the left and right endorse the euro despite the looming government crisis, while Zagreb has even decided on its national symbols to be portrayed on
The European Commission has recently approved a EUR 90 million subsidy offered by the Hungarian government to South Korea’s SK Innovations – one of the world’s largest energy and chemical companies – to support the establishment of its second battery plant in the city of Komárom in Hungary. According to
EC Justice Commissioner: Hungary’s Recovery Funds Frozen July 20, 2021 < 1min read There are systemic problems with the rule of law in Hungary, so the European Commission is use its legal toolkit – including the freezing of EU funds for the country – in defence of democracy – according to Didier
A major eavesdropping scandal around the Israeli spy software Pegasus made waves in Hungary. An international investigation of 80 journalists from 17 media organisations conducted in 10 countries found that the Hungarian government was most probably among those which acquired the controversial spy software Pegasus from the Israeli surveillance company
Hungary’s Minister Heading the Prime Minister’s Office, Gergely Gulyás said that the Hungarian government finds the EU’s Fit for 55 package unacceptable and will not endorse it. Since unanimity is required, the package will not be accepted in its present form, he predicted. Government-funded thinktank Századvég wrote
The European Commission’s deadline on assessing Hungary’s Recovery and Resilience Facility (RRF) plan expires today, July 12. According to Brussels-based Politico and various German news outlets, the Commission, dissatisfied with the commitment of Hungary’s government to fight corruption, has submitted further questions to the Hungarian government. Hungary
Hungary’s government faced a barrage of criticism from officials in Strasbourg this week over a law that bans content “promoting homosexuality” to minors, but there are also concerns over a lack of safeguards to prevent corruption. Some are even suggesting that Hungary’s portion of the EU stimulus package
Inflation may pose a real threat for countries in Central & Eastern Europe (CEE), specifically for Poland and Hungary, which are facing post-pandemic economic pressures. That’s why their economies do not appear as shiny as they used to. Hungary saw a recent inflation rate of 5.1%, while Poland’