The Nord Stream 1 pipeline closed down on July 11 for routine maintenance. Under normal circumstances the 10-day closure would cause no alarm, but European officials have suggested that Moscow may keep the 55 bcm per year offline longer.
Coalition reaches compromise on contentious issues of family support and reform of the electricity market.
An early general election seems highly likely this autumn if the third attempt to form a government also fails.
Russia's invasion of Ukraine has unexpectedly failed to damp down the country's economic boom.
Ratings agency notes risk that in event of weaker depositor confidence or deterioration in until-now resilient access of banks and corporates to external financing, official international reserves would come under pressure.
MNB hikes its one-week deposit rate by 200 bps to 9.75%, and strongly hints it would raise the base rate at its next meeting on July 12.
The National Bank of Poland increased its reference rate by 50bp to 6.5%, below market expectations for a hike of 75bp at least.
A Russian court ordered the Caspian Pipeline Consortium to suspend activity for 30 days after the Kazakh president pledged to help Europe restore its energy supplies.
The flow of merchandise through Romania’s Constanta Port has tripled since the war in Ukraine started, putting pressure on the capacity of the port that now is restricting the activity of Romanian exporters.
Ukraine’s state-owned oil and gas company is likely to default, leading many to speculate that Ukraine will default later this year as the government struggles to pay for the war.
Less than 5% of German companies have decided to leave the Russian market as a result of the war, as other foreign brands quit Russia en masse.
Slovakia’s Freedom and Solidarity party has threatened to pull out of the ruling four-party coalition government unless Finance Minister Igor Matovic resigns.
Serbia has so far refused to join sanctions on Russia, while adoption of sanctions in Bosnia is blocked by the Bosnian Serb member of the presidency, Mlorad Dodik.
National military service will be reintroduced for males from 2023, first on a voluntary basis and then in compulsory form after five years.
Social media abuzz over closures after McDonald’s withdrawal from neighbouring Russia earlier this year.
Opposition leader Hristijan Mickoski says he fears assassination attempt as he leads protests against a controversial deal with Bulgaria intended to unblock North Macedonia’s EU accession progress.
Hungarian National Bank's verbal announcement halts forint rout but worries remain over external vulnerability.
Natural gas storage tanks in Europe were 60% full on July 4 as non-Russian supplies of gas appear to have surged in the last weeks. Europe is still on target to reach its target of tanks 80% full by October but a lot of uncertainty remains.
Dushanbe has asked for EU financial and technological assistance to complete the construction of the world’s tallest dam that will make the country self-sufficient in electricity.
47 police officers were injured in violent protest against proposed deal with Bulgaria intended to unblock North Macedonia's accession process.