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29th Mar 2024

Ticker

Lithuania completes 550km Belarus border fence

Lithuania last week completed its four-metre-high, 550km-long border fence with Belarus, costing around €150m. The controversial barrier aims to stop irregular migrants from crossing into Lithuania from Belarus. The European Court of Justice in June found Lithuanian legislation allowing mass detention and preventing asylum requests for irregular arrivals in violation of EU law. Rights groups like Amnesty have also faulted Lithuania's abusive practices against migrants.

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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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