To meet the demand for electric vehicles, the Volkswagen Group intends to establish a total of six new battery plants around Europe by 2030. However, the project may become unfeasible if energy prices continue to rise.

Budapest’s iconic Hauer cake shop announced this month that due to the negative impact of the economic environment on the catering industry they were forced to close.

Warsaw has inked contracts worth billions of euros with US and Korean companies to build nuclear power plants.

The general switchover must be a deliberate and incremental process, mindful of the specific situation and the needs of each member state.

Ultimately, the fact that Belgium still allows Russian diamond imports means that they are more invested in supplying those living a life of luxury with rare precious stones than in letting people heat their homes in the winter.

A large Prague demonstration this past Saturday sent a clear message to policymakers that the Czech people are fed up with the mistaken Russian sanctions and their devastating impact on the cost of living. Research indicates that citizens in other capitals across Europe might follow suit soon.

Ursula von der Leyen, the president of the European Commission, announced on Monday that the EU is preparing an ’emergency intervention’ in the bloc’s power market to curb skyrocketing prices.

The precarious situation created by the war could bring the renaissance of nuclear energy as it appears to be a proper answer to energy security issues while helping governments to meet green energy goals.

While green groups and opposition parties are harshly criticizing the new regulations on tree felling implemented by the government, experts and government officials insist the new rules will not endanger Hungary’s forests.

Spain places restrictions on heating and air conditioning to conserve energy. Rules are applicable to public and large commercial buildings, but president of the Community of Madrid said she would defy the new rules.

The Asia-Pacific region is facing its worst energy crisis in years, and the consequences of their responses will likely affect the entire globe.

Europe is scrambling to replace Russian oil and gas, which has renewed interest in massive African oil and gas investments.

Due to the multifaceted crisis the continent is dealing with, the probability of recession is rising.

The discussion focused on the current energy crisis, in the context of the recent Hungarian and French elections and the Russian-Ukrainian war. The panelists also provided an expert analysis of Hungary’s energy structure and the challenges and difficulties posed by the inevitable energy transition.