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29th Mar 2024

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EU court orders Hungary company probe to be public

The European Court of Justice on Wednesday annulled a decision by the EU anti-fraud agency not to grant partial access to its final report in an investigation into street-lighting projects, involving a company called Elios which used EU subsidies. The case, investigated in 2015, is politically highly-sensitive because István Tiborcz, the son-in-law of Viktor Orbán, Hungary's prime minister, was the co-owner of the company at the time of the investigation.

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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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