Friday

29th Mar 2024

Ticker

Czechs join other EU states in rejecting UN migration pact

The Czech Republic's government on Wednesday decided to join several other EU countries in rejecting a United Nations pact on the treatment of migrants, Reuters reported. The non-binding pact was agreed in July by over 190 countries and is expected to be signed in December. Hungary and Austria have already dropped out, with Bulgaria and Poland also expected not to sign. The EU commission has criticised Austria over its decision.

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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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