This winter is going to be tough. An energy crisis has already led the EU to spend over half a trillion euros on relief and support. Europe wants to cut its gas consumption by 15% and has managed to reduce it by 7% already.
The end of the monetary tightening cycle amid the tougher international environment will mean a correction of 200 basis points in 10-year yields in Hungary, and from 80-140 bps in Czechia, Poland and Romania.
European Political Community isolates Russia, welcomes back UK and reassures EU candidate countries.
Belgrade blames historic differences with Zagreb for failure to secure exemption to EU ban on Russian oil imports.
As the current rotating president of the European Union, Prague has convened a meeting of the long moribund EU Israel Association to try to boost EU links with the Jewish state.
The EU’s Fitfor55 efforts to reduce CO2 emissions by 55% by 2030 are woefully inadequate and unable to contain global warming to the 1.5°C target, with reductions of up to 77% needed instead to stand any chance of averting a climate catastrophe.
The current increase in wholesale energy prices in Europe has prompted governments to try to shield consumers from the direct impact of an energy crisis that is sweeping the Continent and the rising prices that are costing hundreds of billions.
Standoff between government and management at Croatian oil and gas company after large-scale embezzlement.
As the climate crisis worsens, there is growing interest in building more eco-friendly places of worship.
Albania and Croatia the latest to announce new measures to help their populations cope with soaring prices.
President Erdogan offers Turkey’s support to resolve critical situations that threaten stability in the Western Balkans, but what can Ankara achieve in the region?
Chairman of the oil and gas company offered to step down after Croatia’s anti-corruption body made five arrests in a high-profile fraud case.