For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. This author, and others, predicted that “something will break”. Something did break: SVB
Romania’s Financial Supervisory Authority decided to withdraw Euroins' license and file a bankruptcy request.
Document leaked ahead of general election raised fears about Bulgaria's financial stability.
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
The Bulgarian government granted the Maritsa East 2 TPP a derogation to burn more coal and emit almost double the amount of sulphur dioxide allowed by EU law.
Women are underrepresented in the growing ICT and green energy sectors.
Commission for Protection of Competition has launched a probe into the deal to find out whether it would breach competition rules.
Funding round led by venture capital firm Eleven Ventures will support FlatAway's growth across Central and Eastern Europe and the Middle East.
Investigation concerns suspected EU Emissions Trading System fraud causing millions of euros of losses to the state and EU budget.
One year since the Ukraine conflict began, the share of stable sovereign outlooks in Emerging Europe is at its lowest since late 2003.
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
Protesters angry at President Rumen Radev's pro-Russian stance and resistance to sending military aid to Ukraine.
The growth of wind and solar power has helped to cut natural gas costs by €12bn ($12.7bn) in the EU since Russia invaded Ukraine just over a year ago.
Germany's Deputy Chancellor, Robert Habeck, announced that Berlin will crack down on EU companies that dodge Western sanctions on Russia, as governments become increasingly alarmed at the scale of the sanctions leakage, the Financial Times reported.
The euro sovereign and supranational, sub-sovereign and agency (SSA) green bond market is maturing after a turbulent 2022. Supply levels have stabilised and there are signs that it is finally matching demand.
Political stability and high inflation have slowed Bulgaria's efforts to join the European single currency.
The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.
Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.
Government also refuses to implement the Istanbul Convention on violence against women in double blow for human rights.