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...
Russia
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...
There are no winners in war, but it does matter who loses: history turns on it – CET
The war in Ukraine is a further nail in the coffin of the Pax Americana. Donald Trump began the dismantling of...
US Secretary of State challenges Moscow to “state it plainly” it won’t invade Ukraine
US President Joe Biden said on Thursday that the prospect of Russian forces invading Ukraine remains a real threat, a “very...
Serbia, Hungary most vulnerable to Russian, Chinese influence – Globsec report
Serbia and Hungary are the Eastern European countries most exposed to Russia and China, a new study found. Czechia and Romania are...
Russia leverages gas in attempt to weaken Moldova’s ties with EU – Financial Times
Russian state-owned Gazprom has offered Moldova a new and improved gas-supply contract on condition that it drops its tariff-free trade deal...
Russia cuts diplomatic relations with NATO
Russia has announced that it will suspend its NATO mission in Brussels after the western military alliance expelled eight employees for...
There is little alternative to Russian gas for Eastern Europe – Hungary signs 10+5-year deal
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...
Ukraine protests Hungary’s Gazprom deal
Hungary has signed a long-term agreement with Russia's Gazprom, which will supply 4.5 billion cubic meters (BCM) of natural gas over...
Europeans Perceive New Cold War But Don’t Feel Involved
While most Europeans believe a new 'Cold War' between the United States and China and Russia has begun, they do not...