Hungary declares energy emergency
The Hungarian government declared a state of emergency and ditched its flagship policy of subsidising domestic utility bills on Wednesday, as...
Russia
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) are...
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 assets...
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 came...
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 would...
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 on...
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 defence...
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 proposed...
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 Hungary...
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 said...
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 a...
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 up,...
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, as...
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 is...
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" on...
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 end...
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 World...
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. The...
Russian firms flock to Serbia post-invasion
Nearly 300 Russian companies and nationals have been registered in Serbia since Russia launched its invasion of Ukraine on 24 February,...
Nuclear plant expansion is on, Hungary PM says, as FM calls sector sanctions ‘a red line’
The EUR 12.5 bn expansion of Hungary’s only nuclear power plant at Paks remains viable, Hungarian Prime Minister Viktor Orban told...