Friday

29th Mar 2024

Ticker

Finland ends contract with Russian nuclear firm

Finnish consortium Fennovoima said Monday it had terminated its contract with Russia's state-owned nuclear-power supplier Rosatom, for the delivery of a planned nuclear power plant in Finland, citing significant delays, Reuters reported. The Hanhikivi plant's final construction permit was set to be granted by the end of 2022. After Russia's invasion of Ukraine, economy minister Mika Lintila has repeatedly said it would be "absolutely impossible" to grant the permit.

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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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