ECB maintains zero interest rate, hike on the agenda later in 2022
“The war in Ukraine is severely affecting the euro area economy and has significantly increased uncertainty,” Christine Lagarde, President of the...
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...
Czech EU Council presidency aims to clarify Brussels’ relations with Beijing
Czechia’s Foreign Minister Jan Lipavsky says one of his country’s goals when it heads the EU Council is to clarify the...
Romania unveils massive support scheme for firms, families
Romania is rolling out a EUR 3.4 billion part-EU-funded assistance package to help struggling companies and families amid the economic downturn...
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...
NATO plans to bolster defences in east, says Sec-Gen Stoltenberg
NATO leaders will formulate plans to bolster its eastern flank across Central and Eastern Europe at a summit in Madrid in...
Hundreds of Russian envoys expelled from EU
Over two hundred Russian diplomats have been sent home from countries in Europe this week, in response to scenes of atrocities...
EU bans Russian ships from Europe’s ports
The EU banned Russian seafaring vessels from entering European ports, as it approved its fifth tranche of sanctions against Russia on...
Orban won by a landslide, but Hungary’s economy is sliding too
The Hungarian Ministry of Finance took the unusual step of issuing a public statement aimed at international investors on Friday. After...
EU deducts unpaid fines from payment to Poland
The Polish Finance Ministry confirmed on Thursday that the European Commission (EC) has paid Poland EUR 30 million less in EU...
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...
Hungary’s Tungsram needs gov’t bailout
The chairman-CEO of one of Hungary’s oldest and best known companies, historic light bulb maker Tungsram, appealed to the government for...
Deutsche Bank CEO opposes Germany decoupling from Russian energy
Deutsche Bank CEO Christian Sewin said on Monday that a significant recession in Germany would be "almost inevitable” if imports of...
Poland, Baltics to close off roads to Russia, Belarus, Ukraine deputy minister claims
Ukraine Infrastructure Minister Oleksandr Kubrakov has asked Poland and the Baltic states to close their road links to Russia and Belarus....
Vučić rides out Russia controversy to retain power in Serbian elections
Serbia’s President Aleksandar Vučić declared victory in the country’s general elections on Sunday night, as pollsters estimated that he would secure...
Orbán wins big in Hungarian election
Hungarian Prime Minister Viktor Orbán secured his fourth consecutive term with a landslide victory in Hungary's national elections on Sunday. Orbán’s...
Russian troops regrouping, not withdrawing, says NATO chief
NATO’s Secretary-General Jens Stoltenberg said on Thursday that intelligence showed Russian forces in Ukraine were not withdrawing, but appeared to be...
Warsaw gets serious about eliminating Russian energy imports
Poland adopted draft legislation on Wednesday to prohibit coal imports from Russia. In its efforts to move away from all Russian...