Russia

As Russia turns off the taps, Hungary negotiates deal to get gas transits wholly via southern TurkStream pipeline

Hungarian Foreign Minister Peter Szijjarto announced Monday that he is in negotiations with Russia’s Gazprom regarding a long-term gas supply…

2 years ago

Lithuanian PM defends decision to permit Russian transits to Kalingrad

Lithuanian Prime Minister Ingrida Simonyte reacted to criticism on Thursday over her country’s acceptance of the transport of civilian-use goods…

2 years ago

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

While Slovakia cuts Russian gas, Serbia agrees ‘extremely favourable’ deal with Putin

As Europe attempts a highly complicated manoeuvre to phase out Russian energy, two countries in Central and Eastern Europe (CEE)…

3 years ago

CEE states urge EU to rebuild Ukraine with seized Russian assets

In a letter to be sent to EU finance ministers, Slovakia, Lithuania, Latvia and Estonia jointly call for frozen Russian…

3 years ago

OMV to transfer euros to Russia for payments to Gazprom

Austrian energy group OMV announced on Friday that it was opening an account with Russian Gazprombank for ruble conversion. The development…

3 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…

3 years ago

EU may compensate CEE countries for hit from Russian oil embargo

The European Commission (EC) could channel funds to countries in Central and Eastern Europe (CEE) to help reduce their dependence…

3 years ago

NATO ups air presence in CEE airspace

NATO has around 30 surveillance and fighter jets in airspace outside of Ukraine and Belarus at any moment according the…

3 years ago

Von der Leyen makes surprise visit to Budapest

European Commission President Ursula von der Leyen paid an unexpected visit to Budapest on Monday evening to discuss the EU’s…

3 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…

3 years ago

Germany to help Czechia renew army, and landlocked CEE countries to access gas

Germany will help Czechia to modernise its army by replacing military equipment it sent to Ukraine, German Chancellor Olaf Scholz…

3 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…

3 years ago

EU may excuse Hungary, Slovakia from oil ban

The European Commission (EC) may allow Hungary and Slovakia to opt out of the Russian oil embargo currently being drawn…

3 years ago

Poland opens new GIPL pipeline, bringing Baltic states into EU gas transit network

Poland began operating a new pipeline that transits gas from Lithuania on Sunday, 1 May. The launch was particularly timely,…

3 years ago

Europe’s road from Ostpolitik to a possible total Russian energy ban – CET analysis

Mutually beneficial business relations were meant to cement cooperation and peace in Europe after WWII. This post-world war global order…

3 years ago

Poland, Bulgaria seek alternative gas supplies, after Russia pulls plug

EU Commission President von der Leyen proclaimed “the era of Russian fossil fuel in Europe is coming to an end"…

3 years ago

EU states see green goals, Russian energy cuts as win-win

A coalition of 11 European Union states led by Denmark wants to accelerate the continent’s green transformation, in order to…

3 years ago

Growth in CEE to slow to 3.5% – World Bank

The war in Ukraine is set to inflict twice the amount of economic damage that the COVID-19 pandemic did, the…

3 years ago

Hungarian gov’t-friendly firm buys Sberbank share in Croatia’s Fortenova

Russia's Sberbank has sold its 43% stake in Fortenova to Hungarian-US investment fund Indotek Group, Croatian daily Jutarnji List reported.…

3 years ago