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29th Mar 2024

Ticker

EU tells Hungary to suspend 'dual price' petrol measure

EU internal market commissioner Thierry Breton on Wednesday asked Hungarian authorities for clarifications over the dual-price of petrol in the country, urging Budapest to suspend this measure until it is ensured that it is compatible with EU law. Car owners with non-Hungarian licence plates can only purchase petrol at market prices since last week, which is seen as discriminatory and negatively affecting trade and the free movement of people.

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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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