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29th Mar 2024

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Hungary approves law that could allow South Stream

With 132 votes in favour and 35 against, the Hungarian parliament has approved a law that allows companies to build a gas pipeline without European approval. The move is seen as a way to approve the building of South Stream, a Russian gas pipeline to the EU that dodges Ukraine.

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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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