Friday

29th Mar 2024

Ticker

Babis tasked with forming Czech government

Czech businessman Andrej Babis was tasked Tuesday by president Milos Zeman to form a government, after his liberal ANO party came first in the 20-21 October elections. While Zeman said it was "a first step towards the formation of a stable government," Babis is facing a refusal to participate by all parliamentary parties, except the far-right SPD. Babis said he will try to form a minority government that includes experts.

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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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