A collection of 48 posts
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
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
Tour operator TUI Belgium has cancelled scheduled summer flights to Bulgaria and North Macedonia citing falling interest in destinations in Central and Eastern Europe (CEE) since the start of the war in Ukraine. The subsidiary of UK-German tourism firm TUI Group says customer demand has also fallen for CEE weekend
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
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,
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
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
Romania’s economy continued its robust post-pandemic recovery in the second quarter after already returning to pre-pandemic levels in the first quarter. The country’s gross domestic product (GDP) went up by 1.8% in the second quarter of this year compared to the previous quarter, marking the fourth consecutive
Bulgaria is closing its borders to four more countries due to spikes in COVID-19 cases: the Netherlands, Malta, Andorra and Georgia. The list already included Great Britain, Spain, Cyprus and Kuwait among others. Bulgarian citizens coming from those counties are allowed entry into the country only with a PCR test
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
Russia is ready to supply Europe with what it considers the energy of the future: hydrogen. According to media reports, Russia immediately saw an opportunity to replace the oil and natural gas sales it makes to the EU, which will decline in the forthcoming decades, with deliveries of hydrogen. The
The United States and Germany issued a joint declaration in which the two countries agreed to complete Nord Stream 2 and voiced several initiatives to support Ukraine and counter Russian attempts to use energy as a weapon. They promised an extension of the agreement with Russia on gas transit through