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Britain scraps gas standing charges for millions

The UK government confirmed it will abolish standing charges on household gas bills by 2027, saving typical households approximately £108 a year. In Finland, energy firm Fortum secured its largest-ever sales agreement to provide Google with nuclear power for its European operations. Meanwhile, Hungary offered rare relief to retail banking customers by tripling the limit for tax-free domestic bank transfers.

Bright spots across Europe

🍎  Albania — Government proposes VAT cut on food

The 2027 fiscal package includes a reduction in VAT on food products alongside deferred business taxes to help ease the cost of living.

🔋  Bulgaria — Battery capacity exceeds 6.2GW

Domestic battery storage capacity has now passed 6.2 gigawatts, a boost for the infrastructure supporting the country's renewable energy goals.

🕊️  Cyprus — Parades mark anniversary of the ‘No’

Church services and parades were held across the island to observe Ochi Day, commemorating the events of October 28, 1940.

🗓️  Czechia — Ceremonies mark 108 years of independence

State officials and the public gathered at the Vítkov monument to commemorate the founding of the independent Czechoslovak Republic in 1918.

🤝  Finland — Google signs 22-year nuclear power deal

Fortum has secured its largest-ever sales agreement, a two-decade contract to provide Google with nuclear energy for its European operations.

⚽  Germany — Late Sabitzer goal secures Dortmund victory

Borussia Dortmund defeated Werder Bremen in the DFB Pokal after Sabitzer scored in the closing stages of the match.

🎓  Hungary — Bank transfer tax threshold tripled

The government is raising the limit for tax-free bank transfers from 50,000 to 150,000 forints, a rare piece of relief for retail banking customers.

🎁  Italy — Budget delivers tax cuts and mother's bonus

The government's latest budget measures include an Irpef tax cut for incomes up to 55,000 euros and a new 'mothers' bonus' to support families.

🤝  Kosovo — NATO delegation arrives for talks

A delegation from the NATO Parliamentary Assembly is visiting.

🏆  Latvia — Livonian poet to lead culture council

Valts Ernštreits, a linguist and poet who recently won the Baltic Assembly Prize in Literature, has been appointed head of the National Culture Council.

👨‍🍳  Malta — Chef secures place in Mediterranean culinary final

Martina Bonello has won the S.Pellegrino regional final and will represent the Mediterranean at the competition's Grand Finale in Milan.

🏖️  Montenegro — Plan to turn coast into luxury hub

Experts suggest the coastline has the natural assets to become a leading Adriatic luxury destination, provided strategic investment can match the scenery.

🌉  Poland — Construction continues on record-breaking viaduct

Construction is underway on a new record-breaking viaduct, an infrastructure project described as an impressive structure.

💻  Portugal — National Digital Agency planned to modernize health

The new Health Development Plan for the coming decade prioritizes a digital agency to foster innovation and competitiveness in the sector.

📈  Spain — Santander hits record profit

Banco Santander has reported record profits and growth.

⛷️  Switzerland — Magic Pass hits sales record with expansion plans

A record-breaking year for the Magic Pass has the company planning to expand its reach across Swiss ski slopes.

📈  Ukraine — Kyivstar buys major cloud provider for 2 billion UAH

Kyivstar has acquired GigaCloud, one of Ukraine's largest cloud infrastructure providers, in a deal valued at over 2 billion Ukrainian Hryvnia. This acquisition marks a significant development in the country's technology sector.

💸  United Kingdom — Gas standing charges to be abolished

The Chancellor has confirmed that standing charges on gas bills will be scrapped from 2027, saving typical households approximately £108 a year.

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