Croatia plans to request a loan from the European Commission to finance projects in energy and education, among others. Furthermore, the Commission considers Romania to be one of 11 countries to increase production capacities in defence. Austria opposes the introduction of an EU gigabit levy and the German Economic Minister calls for stricter control of sanctions against Russia.
It feels like a déjà vu. In a time when Covid-19 restrictions have been eased, the EU started the year with a meeting to discuss adopting a joint approach given the surge of infections in China after Beijing reversed its strict zero-Covid policies. Talks did not yield a binding result.
The US Inflation Reduction Act (IRA) was passed in an effort to reduce greenhouse gas emissions, the public deficit and inflation. EU officials had initially welcomed this as a step in the right direction towards mitigating climate change. However, at the time they overlooked the protectionist aspects of the law.
Europe reacts to the Italian election outcome. Amid the energy crisis, Germany is expected to receive its first shipment of liquefied natural gas (LNG) from the United Arab Emirates by the end of 2022. Further news: The parliament of the Republic of North Macedonia continues discussions on the energy crisis and the EU works on joint handling of Russian fugitives.
EU countries are scrambling to face up to a challenging winter ahead, with consumers facing skyrocketing energy prices. Brussels plans a series of measures aimed at shielding households and businesses from high energy costs.