News
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Global airlines suspend flights to and over Iran
KLM of the Netherlands, Qantas of Australia and Austrian Airlines have suspended flights over Iran, and Germany's Lufthansa has stopped flying into the country
Hungary announces postponement of investments to meet new deficit target
Analysts calculate that the postponement of HUF675bn (€1.73bn) of state investments will not be enough and that some HUF1.1 trillion of fiscal consolidation is required to keep the revised target of 4.5% of GDP this year.
Russia's military forces are 15% bigger than they were at start of war, says US intelligence
Russia is reconstituting its army far faster than initial estimates suggested, US Army General Christopher Cavoli, Nato's Supreme Allied Commander in Europe, said in a statement on April 10.
Poland’s Orlen paid $400mn to scammers for oil that never arrived
'National champion' oil group humiliated by deal with unchecked middleman in scandal that only emerged after dismissal of CEO appointed by PiS government.
Viktor Orban blasts Migration Pact as "another nail in the coffin" of EU
"The MigrationPact is another nail in the coffin of the European Union. Unity is dead, secure borders are no more. Hungary will never give in to the mass migration frenzy! We need a change in Brussels in order to StopMigration!" Orban said.
MOL opens largest green hydrogen plant near Budapest in CEE region
Hungarian oil and gas giant MOL has inaugurated one of Europe's largest green hydrogen plants and the biggest in CEE to support refinery operations at its facility south of Budapest from a €22mn investment.
Czech opposition tries to hold parliamentary session on PM’s financial affairs
Fiala had a holding in PDZ fund suspected of money laundering.
Poland begins big abortion debate that could rock Tusk government
Conservative coalition deputies likely to vote down liberalisation, resulting in a spectacular government defeat.
Ukraine's ammo crisis mounts on stalled US aid
General Christopher Cavoli, the top US commander in Europe, cautioned during a congressional hearing on April 10 that Ukraine is on the brink of running out of ammunition and air defence interceptor missiles.
Poland's Tusk says no to freshly agreed EU migration deal
Poland, Slovakia and Hungary slam European Parliament's migration compromise.
100,000 forced from homes in Kazakhstan by “biblical” flooding linked to climate change
Rapid snowmelt amid sudden weather change, combined with heavy rains and already waterlogged ground prove a disastrous combination.
The EU is preparing a new, fourteenth package of sanctions
The EU is preparing a new fourteenth package of sanctions that is slated for adoption in the coming months, but is unlikely to introduce any new products and will focus mostly on enforcing the existing thirteen rounds of sanctions.
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China expanding security footprint in Central Asia
Uzbekistan strives to improve ability to combat extremism, drug trafficking and cybercrime.
Czechoslovak Group’s revenues rise 71% in 2023 as defence booms
Over 60% of the group’s revenues were generated in the CSG defence division, which specialises in production of ground military equipment and large-calibre ammunition.
EBRD announces profit of €2.1bn in 2023
The European Bank for Reconstruction and Development (EBRD) has announced a significant rebound in its financial performance, recording a robust profit of €2.1bn for the year 2023, up from losses of €1.1bn in 2022.
Polish energy stocks fall after government hints at dropping plan to carve out coal assets
Industry minister says new plan is to link coal-fired power plants with specific mines instead.
Kremlin tries to link Hunter Biden to financing of Moscow’s Crocus City Hall terrorist massacre
Russia’s Investigative Committee launched a criminal investigation into the financing of terrorism in Russia on April 9, with focus on a board of directors that included the son of US President Joe Biden.
Yakunin wins final appeal in drone flying over Svalbard legal saga
Norway’s Halogaland Court of Appeal concluded a legal saga surrounding British-Russian businessman Andrey Yakunin, the son of Russia’s sanctioned former head of Russian Railways, refusing the prosecution's appeal.
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US Treasury Secretary won’t rule out tariffs on China’s green exports, EU launches probe
US Treasury Secretary Janet Yellen, while visiting China, said she will not rule out more tariffs on China’s green exports such as solar products and electric vehicles.
Russia sees rare protest after flooding devastates city
Residents of the Russian city of Orsk have taken to the streets to demand swift action and compensation following devastating flooding that has left the city submerged in water.