The share of renewable sources in gross final energy consumption at the EU level reached 23% in 2022, up 1.1 percentage points (pp) year-on-year, the bloc’s statistics office Eurostat reports. The EU’s revised Renewable Energy Directive has upped the bloc’s 2030 renewable energy target
The Bulgarian Parliament, with cross-party support, swiftly abolished a special tariff on Russian transit gas this week, after Hungary threatened to veto its Schengen membership bid. Hungarian Foreign Minister Peter Szijjarto said Bulgaria’s decision to impose an additional tax on natural gas transiting through its territory to North
After months of speculation, Hungarian Foreign Minister Peter Szijjarto announced that China’s BYD will build its first electric vehicle (EV) factory in Europe in Szeged, south Hungary. The investment value will reach EUR 5bn, significantly more than the EUR 3bn intended for the construction of China’s CATL’s
Polish President Andrej Duda, an ally of the outgoing right-wing populist party Law and Justice (PiS), announced that he will veto the public-media-related parts of the 2024 budget of new Polish Prime Minister Donald Tusk’s government, on Saturday, 23 December. Duda, in power for the next
Lithuania MPs are considering new legislative amendments that would impose a language requirement on foreign nationals seeking to extend their temporary residence permits after living in Lithuania for five years, potentially causing problems for businesses. The proposed changes would also prevent foreigners from changing their jobs within six months of
In the Serbia national parliament election, the right-of-centre SNS (EPP)-led multiparty alliance, led by Aleksandar Vucic was leading with 46.3% on Sunday, 17 December, with 90.3% of the CeSID/Ipsos count completed. This seemingly marks the sixth consecutive election victory for an SNS-led list,
EU leaders voted to begin accession negotiations with Ukraine and Moldova, at a historic summit in Brussels on Thursday 14 December. The EU meanwhile designated Georgia – also a former Soviet republic – as a candidate for membership, a significant shift in the EU’s level of engagement with post-Soviet states.
Donald Tusk was elected as Poland’s prime minister as his government won a vote of confidence in the parliament on Tuesday, 12 December. “Poland is back in Europe,” the country’s new prime minister, Donald Tusk, said in Brussels. “This is the most important moment of my political career.
Polish Prime Minister Mateusz Morawiecki lost a vote of no confidence on Monday 11 December, effectively marking the end of eight years of governance by the nationalist Law and Justice (PiS) party. The political landscape is now set to change with the emergence of a broad coalition of pro-EU
In recent months, Austria’s stance on Romania and Bulgaria’s Schengen Area accession has been shifting, particularly in terms of air travel. Now Austria has proposed a conditional easing of its stance via “Air Schengen,” an initiative that would allow passport-free air travel for these two countries while
The fourth Budapest Climate Summit on December 4, brought together over 40 speakers from 25 countries to discuss climate change challenges and opportunities in Central and Eastern Europe (CEE). At the summit, Attila Steiner, Hungary’s State Secretary of Energy and Climate Policy, spoke about Hungary’s achievements in reducing
In a decisive transition, Poland bids farewell to the Law and Justice (PiS) party’s tumultuous eight-year reign as Donald Tusk prepares to resume leadership, promising a revolution in domestic politics and the nation’s global relations. Tusk emphasised the need to restore the rule of law and avoid
Serbia will head up the Central European Free Trade Agreement (CEFTA) in 2024 and boost regional connectivity and trade relations to benefit economies and people’s quality of life, Serbian Trade Minister Tomislav Momirovic said at the CEFTA Week 2023 conference in the Montenegrin capital of Podgorica on Thursday. With
Bulgarian populist formation There Is Such a People (ITN) has declared its intention to align with the centre-right European Conservatives and Reformists (ECR) if it wins seats at the EU elections next June. Formed 2 years ago and currently polling at around 5%, ITN stands a real chance of
Hungary’s Indotek Group acquired a 47% stake in the French grocery hypermarket chain Auchan last week. Group founder-owner Daniel Jellinek, one of Hungary’ s richest men, said Auchan could realistically now become a top-three player on the Hungarian retail market. It is currently the ninth largest retail
The EU has selected seven projects to co-fund 5G transport corridors connecting regions throughout Europe, improving road, rail, inland waterways, and multimodal transport. They will support 5G infrastructure deployment over cross-border sections of 5G corridors and ensure service continuity when border crossing. Central and Eastern Europe (CEE) is
Slovak Prime Minister Robert Fico has reiterated his stance that Russia’s war with Ukraine is insoluble, stoking fears that he could form part of a pro-Kremlin lobby in the EU. After meeting with Czech Prime Minister Petr Fiala, Fico called the war a “frozen conflict” that cannot be
US rating agency Moody’s Investors Service has increased its outlook for Czechia from negative to stable, meaning a rating deterioration is not expected in the foreseeable future. Moody’s justified this as mainly due to Czechia’s significant reduction of risk in connection with gas supplies from Russia. The
US pharmaceutical firm Pfizer has initiated legal proceedings against the Polish government, asserting that it failed to fulfil payment obligations for some 60mn doses of its COVID-19 vaccine. The litigation, scheduled for its preliminary court hearing on December 6, centres around the contentious contract between Pfizer and the European
Bulgaria placed bottom in the EU for recycling disused ICT devices, in a survey conducted in 2022 by EU official statistics office Eurostat. Only 3.4% recycle their old desktop computers in Bulgaria. Sweden (29%) recycles the most old desktop computers, ahead of the Netherlands (27%). Austria was the highest
The European Commission (EC) proposed a shortcut for Hungary to nearly EUR 1bn from its revised national recovery plan on Thursday 23 November. The plan details spending for the EU’s one-off supplementary recovery fund, which, like most EU member states, the Hungarian government began to revise in August.
Bosnia and Herzegovina (BiH) intends to fulfil the conditions set by the European Commission (EC) to open accession negotiations before the end of the year, BiH leader Borjana Kristo said in an interview with Euractiv. She was speaking after a EC candidates’ progress report gave BiH a conditional green light
Romania will not levy new taxes next year, Romanian Prime Minister Marcel Ciolacu pledged on Thursday 16 November, with parliamentary elections expected in around a year. “I said very clearly that there will be no new taxes next year,” Ciolacu said at the opening of a government meeting. “I want
Hungary remained the EU’s most inflationary economy with an annual rate of 9.6% in October, an EU statistics office Eurostat report released Friday 17, November revealed. On the upside, this was the first time Hungary’s inflation rate had fallen to single digits since April 2022. The EU’
Hungarian operator 4iG Group revealed a plan to streamline operations and bring in external investors to raise the overall value of the group to HUF400bn (USD 1.15bn). In a statement, 4iG Chairman Gellert Jaszai said: “One of the key objectives of the transformation process is to monetise the excess