European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.
Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.
European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.
The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.
The failure of the Nation Alliance under optimal conditions shows that 'big tent' coalitions under a single list often do not succeed in extending the opposition's reach.
Czech private investment group estimated to have paid some €750mn for the stake.
Legislative change will make it easier for the state to split the power company up and nationalise nuclear division.
The first investments are due to begin in six counties in sub-Saharan Africa in 2025.
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
The package includes raising the pension age, hiking corporate and real estate taxes, and most radically, increasing the tax on beer.
I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that, on the balance of probability, we face an entire decade of high inflation.
Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.
However, analysts predict stagnation for rest of year, with a strong recovery coming only in 2024.
The Central, Eastern and Southeast Europe economies have largely digested the economic shock caused by the war in Ukraine and are heading for modest growth this year, says wiiw.
New data shows that the EU is still among the largest importers of oil products from Russia, which are routed through 'laundromat' countries to avoid sanctions, according to the CREA.
ING presents its latest views on the Czech economic performance and outlook. Headline inflation seems to be on a descending path but continues to weigh on consumer spending. The economy will grow, but only slowly.
Central and Western Europe spend more in real terms than in 1989, the last year of the confrontation with the Soviet Union.
Decarbonisation costs predicted to put up region's average debt/GDP levels by 7pp by 2030.
European gas tank storage hit a low of 55.36% full at the start of April 1, and the volume held in tanks has grown since then to 57.94% full as of April 23, according to data from GIE.
Vratislav Vajnar is on trial for the killing of three people who attempted to cross the country's heavily guarded border in the late 1980s, in one of the very few cases where a top official in the communist regime has faced justice.