Friday

29th Mar 2024

Ticker

Croatia ex-minister arrested on EU orders

Gabrijela Žalac, Croatia's former minister of regional development and EU funds, and three other people have been arrested on the orders of the European Public Prosecutor's Office, an EU watchdog on how its budget is spent. The alleged fraud concerned purchase of software for a public company, Croatian media said. Žalac served between 2016 and 2019. Prime minister Andrej Plenković declined to comment.

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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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