News
EC suspends excessive deficit procedure against Hungary
This year’s framework for the fiscal review of member states offers the chance to activate a National Escape Clause, allowing a temporary deviation from the net expenditure path set by the Council.
Romania’s coalition talks stall as minority cabinet without PSD emerges as an option
Romania's largest party has indicated it is ready to go into opposition two days of intense discussions fail to yield even limited consensus.
Hungary to sell majority of its defence industry interests to 4iG
Hungary is set to privatise the majority of its defence industry interests with 4iG, closely aligned with the government acquiring a 75% plus one vote majority in state defence company N7 Holding.
Gas crisis prompts Moldova's separatist Transnistria to extend economic state of emergency
President Vadim Krasnoselsky cited the worsening socio-economic crisis and severe energy shortages in the tiny breakaway republic.
Israel on brink of attacking Iran within days, US sources suggest
Israel is on the brink of attacking Iran, with action expected within days.
Panama moves closer to EU blacklist removal
The European Commission’s June 2025 update to its high-risk country list is a key moment for Panama, which has spent nearly a decade working to repair its reputation and address regulatory shortcomings.
Poland’s Tusk wins vote of confidence but fails to outline new direction for government
Recent defeat of Tusk’s preferred presidential candidate dashed the prime minister’s hopes of launching a sweeping legislative agenda.
Georgian opposition leader’s husband “abducted” in Tbilisi, forced to apologise for calling Ivanishvili’s son gay
UNM chair Tina Bokuchava said her husband was ambushed and forced into a car by masked individuals outside the family’s Tbilisi residence.
Five contenders battle for Honduras presidency in November election
Honduras will hold its presidential election on November 30, with five candidates competing to lead the Central American nation as it confronts mounting economic pressures and mass emigration.
Serbia's Vucic makes surprise visit to Ukraine
The visit risks aggravating already tense relations with Moscow, after Russian intelligence scolded Serbia for supplying weapons to Ukraine.
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Top Argentine court confirms six-year sentence, lifetime ban for ex-president Fernandez de Kirchner
Argentina's Supreme Court has upheld the corruption conviction of former president Cristina Fernández de Kirchner.
Iran sees quick nuclear agreement possible with Trump
Iran's Foreign Minister Abbas Araghchi said on June 11 that an agreement that can ensure the continued peaceful nature of Iran's nuclear programme is within reach and could be achieved rapidly.
Syria's new regime cracks down on women's beachwear
Syria's new authorities crack down on beachwear with Islamic modesty rules for women swimmers.
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Poland to receive 180 K2 tanks in €5.1bn deal
The signing ceremony for the second executive agreement on delivering 180 K2 tanks for the Polish army is expected to take place at the end of June.
EU adds Lebanon and Algeria to anti-money laundering risk list
EU adds Lebanon and Algeria to anti-money laundering risk list in bid to deal with informal exchanges.
Zelenskiy says Orban making "historic mistake" on Ukraine war in first interview with Hungarian press
Hungarian Prime Minister Viktor Orban has accused Ukrainian President Volodymyr Zelenskiy of launching a direct attack on Hungary, after the Ukrainian leader gave his first interview to the Hungarian press since Russia's full-scale invasion began.
Polish PM Tusk facing confidence vote after his candidate loses presidential bid
Polish Prime Minister Donald Tusk is about to face a vote of confidence in the Sejm on June 11, following the narrow defeat of his preferred candidate, Rafał Trzaskowski, by Karol Nawrocki in the presidential run‑off on June 1.
Hungary’s state debt manager to double FX issuance target after government ups deficit forecast
Hungary’s Government Debt Agency has revised its financing plan after the National Economy Ministry raised its cash-flow deficit forecast by HUF651bn (€1.62bn) to HUF4.7 trillion for 2025 after the ministry released May budget figures.
World Bank, Erste and ING all slash Romania's 2025 growth forecasts
Downward revisions made amid growing concerns over fiscal imbalances, sluggish investment and political uncertainty.
Ukrainian refugees fuelled Polish economy with €16bn boost in 2024
The study by consultancy Deloitte for UNHCR found that nearly 70% of working-age Ukrainians in Poland now have jobs, just shy of the 75% employment rate among locals.