Slovakian Prime Minister Robert Fico is engaged in intense negotiations over natural gas supplies for next year, including transit through Ukrainian territory, amidst pressure for more expensive deliveries and geopolitical tensions. Fico insists on not overpaying for gas due to political reasons and aims to maintain gas transit via Slovakia and Ukraine for multiple EU countries. The EU’s new energy chief, Dan Jørgensen, prioritizes severing all EU energy ties with Russia but faces opposition from Fico and Hungary’s Viktor Órban, who are preparing for the potential expiration of the gas-transit deal.
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UK businesses brace for economic gloom in 2025
Businesses are preparing for economic uncertainty in the new year following Rachel Reeves's Budget, with a CBI survey revealing plans for reduced output and hiring. Expectations for growth are at their weakest since Liz Truss's time in office, largely due to the chancellor's national insurance hike. Despite defending her tax increases as necessary for economic stability and growth, Reeves faces criticism as the economy faces a bleak outlook. Full Article
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