Friday

29th Mar 2024

Ticker

Hungary votes to create new court overseen by government

Hungary passed a law Wednesday setting up new courts overseen directly by the justice minister, that critics said would allow political interference in the judiciary, further undermining the rule of law. The administrative courts will take over cases on government business, such as taxation and elections, currently handled in the main judicial system. The justice minister will have significant powers in appointing the judges and will oversee the courts' budgets.

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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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