Friday

29th Mar 2024

Ticker

Lithuanian president Grybauskaite reelected

Former EU commissioner Dalia Grybauskaite was reelected as Lithuanian President on Sunday, in a runoff against Social-Democrat Zigmantas Balcytis. Preliminary results gave Grybauskaite 58.6% of the vote, compared to 41.4 % for her rival. Grybauskaite, a black belt in karate, ran as an independent with backing from centre-right parties.

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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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