New EU Sanctions Mechanism Could See Member States Lose EU Funding

In a long-awaited ruling on February 16th, the Court of Justice of the EU, the highest court of the European bloc, ruled that the EU’s much-debated rule-of-law conditionality mechanism (a new sanctions instrument that would link the disbursement of EU funds to upholding democracy and the rule of law) was compatible with EU law. The much-anticipated decision is a major blow to the Polish and Hungarian governments that challenged the regulation in court in 2021.

Both CEE governments have been locked in a long-running dispute with EU institutions over alleged democratic backsliding, signalling that Budapest and Warsaw, both of which are major beneficiaries of EU funding, could be the first targets of the new sanctions mechanism that could ultimately lead to the loss of funds from Brussels. This comes as Poland and Hungary are yet to secure billions of euros of post-pandemic recovery funding from Brussels to support their economic recovery in the wake of the COVID-19 crisis.

Kesarev provides a brief overview of the landmark court decision, its implications for Central and Eastern European markets, as well as possible future scenarios – https://kesarev.partners/insight_20220221

Uncategorized
Bluesky Strategy Group

Blue Skies Ahead Webinar

On Thursday, November 7, 2024, Bluesky Strategy Group Inc., hosted a timely post-election webinar analyzing the impacts of Donald Trump’s victory on U.S.-Canada relations. Their

Uncategorized
GCA

Global Communications Alliance Energy Report

Welcome to the inaugural Global Communications Alliance (GCA) State of World Energy Report. The GCA is a diverse network of agencies, spanning seven continents and

Uncategorized
Credo Advisory

Credo Podcast: Voices From The Margins

GCA member firm and alliance co-chair Credo Advisory is the host of Credo Voices, a monthly podcast dedicated to spotlighting the people driving progress and fostering

About the GCA

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.