Friday

29th Mar 2024

Ticker

EU grants €1.6bn loan to Ukraine

The European Commission on Wednesday decided to add another €1bn to the €600 million already offered to Ukraine in emergency loans, EU economics commissioner Olli Rehn said in a press conference. The money will be paid out once Ukraine signs up to an IMF program, he added.

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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