Friday

29th Mar 2024

Ticker

Czech PM's firms could face EU funds freeze

The European Commission has reiterated its threat to withhold EU budget funds from companies, such as Agrofert, clandestinely controlled by Czech billionaire-prime minister Andrej Babiš due to fears that he breached conflict-of-interest rules. The Commission "will interrupt any future payment claims in respect of such companies pending the implementation of system improvements to address this risk," a spokesman said Monday. The European Parliament, in June, also urged a grant freeze.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

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."

Join EUobserver

EU news that matters

Join us