A collection of 161 posts
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
Nearly 300 Russian companies and nationals have been registered in Serbia since Russia launched its invasion of Ukraine on 24 February, Belgrade-based television channel N1 reported. According to Serbia’s Business Registers Agency, 288 Russian companies registered in Serbia between 24 February and 6 April, when Ukrainians registered only 6
The EUR 12.5 bn expansion of Hungary’s only nuclear power plant at Paks remains viable, Hungarian Prime Minister Viktor Orban told members of the press on Wednesday afternoon. Russian state nuclear company Rosatom’s addition of two blocks at the facility, can still go ahead, according to the
The war in Ukraine is a further nail in the coffin of the Pax Americana. Donald Trump began the dismantling of the US-dominated world order and post-WWII security apparatus, and now the job is being completed by Joe Biden. After last year’s withdrawal from Afghanistan, the Western response – or
US President Joe Biden said on Thursday that the prospect of Russian forces invading Ukraine remains a real threat, a “very high” one in the coming days. “Every indication we have is they’re prepared to go into Ukraine,” said Biden, who warned that Russia could employ a “false flag”
Serbia and Hungary are the Eastern European countries most exposed to Russia and China, a new study found. Czechia and Romania are most resilient CEE states regarding Russo- and Sino-influence , according to the Globsec Policy Institute report. Over two years and in eight countries, the Bratislava-based think-tank looked at five
Russian state-owned Gazprom has offered Moldova a new and improved gas-supply contract on condition that it drops its tariff-free trade deal with the EU and postpones the energy market reforms it has agreed with the bloc, the Financial Times wrote, citing sources familiar with the negotiations. Russia, which supplies and
Russia has announced that it will suspend its NATO mission in Brussels after the western military alliance expelled eight employees for being “undeclared Russian intelligence officers” earlier this month. Russian Foreign Minister Sergei Lavrov admitted that the move is retaliatory, and his country will also withdraw accreditation of NATO staff
Russian state-owned Gazprom and Hungarian energy group MVM signed a ten-year gas-supply agreement at the end of August. Under the deal, effective 1 October, Gazprom transits 4.5 billion cubic metres of natural gas to Hungary annually via two routes: 3.5bn through a new pipeline via Serbia and 1bn
Hungary has signed a long-term agreement with Russia’s Gazprom, which will supply 4.5 billion cubic meters (BCM) of natural gas over a 15-year period at a significant discount from what the country has been paying – a situation which has created tensions between Hungary and Ukraine, whose gas pipeline
While most Europeans believe a new ‘Cold War’ between the United States and China and Russia has begun, they do not think their own country is involved, a new poll by the European Council on Foreign Relations (ECFR) concludes. European citizens consider EU institutions more likely to enter a global
The contentious Nord Stream 2 natural gas pipeline will commence gas transits from Russia to Europe next month, according to the Russian state-owned Gazprom. This massive infrastructure development will not only impact European energy supplies, but could also have geopolitical effects. After years of debate and delay, the final sections
Hungary will start producing Sputnik V, the Russian Covid-19 vaccine, in the city of Debrecen starting at the end of 2022, Russia’s foreign minister, Sergei Lavrov, and Hungary’s minister of Foreign Affairs and Trade, Péter Szijjártó, announced at a joint press conference in Budapest on Tuesday. Hungary is