Reuters

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As Poland strikes oil, Hungary, Serbia plan pipeline to bypass EU energy restrictions

As Poland strikes oil, Hungary, Serbia plan pipeline to bypass EU energy restrictions

The discovery is among the most significant conventional oil finds in Central and Eastern Europe in the last decade, analysts said. Enerdata noted the resource scale could elevate Poland’s upstream profile within the EU, while World Oil called it a “strategic breakthrough in the Baltic basin”.

EU, US agree to 15% tariff rate, averting Trump trade war

EU, US agree to 15% tariff rate, averting Trump trade war

European Commission (EC) President Ursula von der Leyen agreed a new trade deal with US President Donald Trump at Turnberry, south-west Scotland, on 27 July, setting a ceiling of 15% on tariffs for EU goods and averting a wider transatlantic escalation.