Month: July 2022

Greece has proposed a new EU mechanism to compensate industries affected by EU plans to restrict gas use. “By offering financial incentives, rather than relying on the penalty of interruptions during an emergency, the proposal is more likely to unlock a firm and sizeable response from industry,” Greek prime minister Kyriakos Mitsotakis said in a […]

The EU needs to install 76 gigawatts of additional wind and solar energy by 2026, instead of 38 gigawatts — as is being forecast by industry — in order to meet climate goals, according to UK think-tank Ember. “Europe no longer lacks renewables ambition, but it is now facing an implementation gap,” it said. Finland, […]

Germany aims to spend up to €13bn a year in future on updating buildings to become more energy-efficient ones, compared to €9.6bn this year, its economy minister Robert Habeck said Tuesday. “Consuming less energy is the cheapest and most efficient contribution to more independence and climate protection and helps to save on energy costs,” he […]

The top 22 Russian and Belarusian firms in Lithuania used to make billions of euros, pay little tax, and employ relatively few people before the Ukraine war and EU sanctions regime, Lithuanian newspaper lrt.lt reports. The firms — mostly sales agents for Belarusian and Russian goods — earned €1.2bn in revenues last year, paid €70m […]

Brazilian president Jair Bolsonaro is pitching his Latin American country as the answer to the world food crisis following the war in Ukraine. The traditional wheat importer has now exported three million tonnes of the grain so far in 2022.

Comparisons between post-communist Albania and current-day Ukraine are fascinating — and make many pertinent parallels. Ukrainians have a similar determination to belong to “the rest of Europe” as Albanians.

German national airline Lufthansa has announced almost all its flights from Frankfurt and Munich will be cancelled due to a staff strike scheduled on Wednesday, DW reported. The effects of the one-day strike are likely to affect flights later in the week. More than 1,000 flights have been called off affecting around 134,000 passengers amid the summer peak […]

The agreement came as Russia’s Gazprom said it would cut gas flows through the Nord Stream 1 pipeline to Germany to 20 percent of capacity, starting Wednesday. Ireland, Malta and Cyprus secured exemptions.