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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.
Turkey is getting a ready for an unprecedented invasion of about 7mn Russian tourists this summer in the wake of Recep Tayyip Erdogan’s re-election as president.
Prime Minister Viktor Orban attended the inauguration ceremony of Turkish President Recep Tayyip Erdogan on June 3, the only representative of an EU member country to do so. No information was released on the informal talks between the two leaders.
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.
Russia’s banking sector recorded a net profit of RUB224bn in April, with an annual return on equity of 21%. While this figure represents a one-third decrease compared to March, the sector profits already top RUB1 trillion.
The European great and the good gathered in a Moldovan castle yesterday for the second European Political Community summit and got very little done.
West might talk tough on Russia sanctions enforcement, but it may have to settle for half-hearted promises from region.
There is growing concern that Viktor Orban's radical rightwing government, with a track record of breaching fundamental values and blocking key EU decisions, could use the presidency in 2H24 to push its own agenda.
European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.
EC President Ursula von der Leyen says holding the second EPC summit in Moldova sends out a strong message about the country's European future.
South Korea has entered into a joint venture with Poland to produce arms and ammo that will initially be used to supply Ukraine, but will later contribute to Warsaw’s ambitions to create the largest conventional force in Europe.
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.
It has been well over a year since the Warsaw Stock Exchange last saw an IPO.
Western countries haven't imposed sanctions on Russian fertiliser exports, but the Kremlin claims trade is hampered by difficulty processing payments, and obtaining vessels and insurance
On the morning of May30 a series of kamikaze drones struck Moscow, in the most intense attack the capital has seen since President Vladimir Putin launched the full-scale invasion of Ukraine.
Budget is based on optimistic forecast of 4% economic growth next year and includes halving of windfall taxes on banks, pharmaceutical companies and energy suppliers.
“This is not Moscow” chant protesters outside presidency after barrage of attacks from prosecutors and politicians.
The creeping escalation of the war in Ukraine reached a new phase as long-range drones hit residential buildings in Moscow, sending residents fleeing but bringing the fight that has decimated Ukraine home to them.
A joint investigation by German magazine Der Spiegel and the Organised Crime and Corruption Research Centre has uncovered details of how banned technology is avoiding sanctions and is being shipped via Kazakhstan into Russia.