Hungary

Hungary declares energy emergency

The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday,…

2 years ago

Hungary falls out with EU, US over its opposition to minimum global tax rate

The Hungarian government said on Monday that it will pass a parliamentary resolution condemning EU criticism of its refusal to…

2 years ago

Hungary leads EU for solar electricity generation

Hungary had the highest proportion of solar technology in its electricity production in the EU last year, according to the…

2 years ago

Croatia agrees to expand oil capacity to CEE

Croatia is ready to enlarge the capacity of the Adria oil pipeline as part of a long-term energy cooperation agreement…

2 years ago

Hungary to levy windfall taxes on banking, energy, telcos, airlines, retail, pharma, ads

Hungarian Prime Minister Viktor Orban announced that banks, insurance companies, retail chains, energy firms, telcos and airlines in Hungary will…

2 years ago

Slovakia to tax Russian-processed oil

The Slovak government approved a proposal to impose an extra import tax on Russian-processed crude oil on Wednesday. The levy…

2 years ago

US suggests tariffs on Russian oil, as Hungary blocks EU-wide embargo

The EU failed to agree on its latest sanctions against Russia on Tuesday, as Hungary refused to drop its threat…

2 years ago

EU offers CEE countries extended deadline for Russian oil embargo

The EU has revised its proposal to ban Russia oil imports by the end of 2022, in order to give…

2 years ago

Poland takes anti-war drive to Hungary

The Polish government’s Stop Russia Now advertising campaign arrived in Hungary on Wednesday, increasing speculation that the alliance between the…

2 years ago

CEE countries react to EU plan to completely phase out Russian oil

There were mixed messages from Central and Eastern Europe (CEE) on Wednesday, when the European Commission (EC) announced plans for…

2 years ago