ECB maintains zero interest rate, hike on the agenda later in 2022

4 years ago

“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of…

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

4 years ago

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

Czech EU Council presidency aims to clarify Brussels’ relations with Beijing

4 years ago

Czechia’s Foreign Minister Jan Lipavsky says one of his country’s goals when it heads the EU Council is to clarify…

Romania unveils massive support scheme for firms, families

4 years ago

Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic…

Growth in CEE to slow to 3.5% – World Bank

4 years ago

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

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

4 years ago

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

NATO plans to bolster defences in east, says Sec-Gen Stoltenberg

4 years ago

NATO leaders will formulate plans to bolster its eastern flank across Central and Eastern Europe at a summit in Madrid…

Hundreds of Russian envoys expelled from EU

4 years ago

Over two hundred Russian diplomats have been sent home from countries in Europe this week, in response to scenes of…

EU bans Russian ships from Europe’s ports

4 years ago

The EU banned Russian seafaring vessels from entering European ports, as it approved its fifth tranche of sanctions against Russia…

Orban won by a landslide, but Hungary’s economy is sliding too

4 years ago

The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday.…

EU deducts unpaid fines from payment to Poland

4 years ago

The Polish Finance Ministry confirmed on Thursday that the European Commission (EC) has paid Poland EUR 30 million less in…

Russian firms flock to Serbia post-invasion

4 years ago

Nearly 300 Russian companies and nationals have been registered in Serbia since Russia launched its invasion of Ukraine on 24…

Nuclear plant expansion is on, Hungary PM says, as FM calls sector sanctions ‘a red line’

4 years ago

The EUR 12.5 bn expansion of Hungary’s only nuclear power plant at Paks remains viable, Hungarian Prime Minister Viktor Orban…

Hungary’s Tungsram needs gov’t bailout

4 years ago

The chairman-CEO of one of Hungary’s oldest and best known companies, historic light bulb maker Tungsram, appealed to the government…

Deutsche Bank CEO opposes Germany decoupling from Russian energy

4 years ago

Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be "almost inevitable” if imports…

Poland, Baltics to close off roads to Russia, Belarus, Ukraine deputy minister claims

4 years ago

Reading Time: 2 minutes The Ukraine government wants Poland and the Baltic states to fast-track the closure of land routes…

Vučić rides out Russia controversy to retain power in Serbian elections

4 years ago

Serbia’s President Aleksandar Vučić declared victory in the country’s general elections on Sunday night, as pollsters estimated that he would…

Orbán wins big in Hungarian election

4 years ago

Hungarian Prime Minister Viktor Orbán secured his fourth consecutive term with a landslide victory in Hungary's national elections on Sunday. …

Russian troops regrouping, not withdrawing, says NATO chief

4 years ago

NATO’s Secretary-General Jens Stoltenberg said on Thursday that intelligence showed Russian forces in Ukraine were not withdrawing, but appeared to…

Warsaw gets serious about eliminating Russian energy imports

4 years ago

Poland adopted draft legislation on Wednesday to prohibit coal imports from Russia. In its efforts to move away from all…