09/04/25View in Browser
Today's top stories
Good morning from the Baltic Sea.
 
Changing tides. Speculation is rampant that the Nord Stream pipelines could be reactivated if Russia and Ukraine reach a peace deal. But is Europe really prepared to return to importing massive amounts of Russian gas, asks Euractiv’s Nikolaus J. Kurmayer.
 
In early 2025, Russian gas was at its lowest point in Europe. Warsaw had taken a sanctions hammer to the Yamal pipeline, Kyiv let its transit agreement with Gazprom lapse, and Russia was still reeling from the destruction in 2022 of all but one of the Nord Stream pipelines.  
 
All that's left of the last vestiges of an energy empire? TurkStream via Bulgaria – which is itself cut off from the Kremlin's gas.  
 
Just four years earlier, Gazprom had sold 157 billion cubic metres (bcm) of gas to Europe – the equivalent of 1600 LNG tanker cargoes. In 2024, it sold just 54 bcm, of which 17 bcm went through Ukraine – a route that is now closed.  But all was not lost for Russia.   
 
The first to recognise the changing tides was the Swiss court handling the insolvency of pipeline owner Nord Stream 2 AG in early January, when it postponed the company's foreclosure proceedings to May.  
 
The stated reason: the incoming Trump administration and the change of government in Berlin could have “significant effects” on the economic value of the pipeline company.  
 
Three months later, the Kremlin said it would be “interesting” if the US forced Europe to buy more Russian gas. And an American financier is looking to profit off of the dormant multi-billion hunks of metal and concrete strewn across the Baltic seafloor.  
 
Some in Germany are open to the idea.
Bubbling in Brussels
Click on the picture to read the story |   [Mission of Norway to the EU / flickr]
“Situationship.” With the chill winds of a trade war blowing, Norway's PM Jonas Gahr Støre was at the Commission on Monday with a national trade delegation to argue that Brussels and Oslo need each other now more than ever, writes Jacob Wulff Wold.
 
A sticky situation. Donald Trump’s swingeing tariffs on all US trading partners has put the European Union in a “sticky situation”, the European Commission said on Tuesday, as it warned that relations with the US are deteriorating, writes Thomas Moller-Nielsen.

Meanwhile, Trump's "reciprocal" tariffs on dozens of countries kicked in today, including massive 104% duties on Chinese goods, deepening his global trade war even as he prepared for negotiations with some nations.
 
A mixed bag. Meanwhile, Americans haven't exactly been handing out gold stars to US President Donald Trump when it comes to his foreign policy record, a new Pew Research Center poll shows, writes Alexandra Brzozowski. 
 
Biased? Several leading European NGOs fired back over a recent EU auditors' review that alleged transparency and accountability issues in funding for the NGO sector, contending that the report made biased conclusions based on a limited data selection, writes Nikolaus J. Kurmayer.
 
A show of unity. European Commission President Ursula von der Leyen met with the pharmaceutical industry on Tuesday in what was seen as a show of unity ahead of a possible coming wave of US tariffs on pharmaceutical products, writes Vasiliki Angouridi.
 
MEPs and EU ambassadors failed to agree to appoint a European Data Protection Supervisor (EDPS), after a parallel vote procedure saw the two institutions back different candidates.
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Western Europe

BERLIN

Coalition agreement imminent. Germany's conservatives under chancellor-in-waiting Friedrich Merz on Tuesday reached a deal with the centre-left Social Democrats (SPD) to form a government, NTV reported. Two people with knowledge of the matter told Reuters, however, that there was not yet an agreement.

Car-loving Germans lured to public transport by cheap ticket. A 5% overall uptick in the number of passengers using scheduled bus and rail lines last year is "likely" down to the nationwide fixed price Deutschlandticket, Germany’s Federal Statistical Office Destatis says. Read more.

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BRUSSELS

Belgium launches regulatory push for Advanced Therapy Medicinal Products
. Belgium has set 2028 targets for Advanced Therapy Medicinal Products (ATMP) readiness, with the Federal Agency for Medicines and Health Products (FAMHP) launching a dedicated spearhead domain to support ATMP development. Read more.

Southern Europe
Click on the picture to read the story |  [EPA-EFE/MALTON DIBRA]

ROME

The Italian migration centre in Gjader, Albania, is expected to receive its first group of migrants, following a new decree that redefined its function as a detention-only facility, sources close to the matter told Euractiv. Read more.

Meloni to visit US next week to press Trump on trade. Italian Prime Minister Giorgia Meloni will travel to the United States next week to negotiate tariff relief directly with President Donald Trump, in a move coordinated with the European Union. White House Press Secretary Karoline Leavitt said on Tuesday that Meloni is scheduled to meet with Trump on 17 April for an “official working visit.”

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LISBON

Portugal: Business association calls for market diversification against US. The president of CIP (Confederação Empresarial de Portugal), the Portuguese Business Confederation, told Lusa on Tuesday that the government's meeting covered support for export credit insurance and market diversification in response to US tariffs.

This was an “interesting meeting, because the caretaker government showed concern to be attentive to the needs of companies,” Armindo Monteiro told Lusa, adding that as well as the economy minister, the finance minister also took part “because the tax side is very important”

“There was a concern to have a strong task force to be able to chalk out a strong and comprehensive plan, and in that sense it was good, because we have to respond to this in a very concerted way, because the challenge is great,” he said.

In terms of concrete measures, he pointed out that “there was a joint reaction from Europe from the outset,” requiring “diplomacy and negotiation, which is typical of any war, be it conventional or commercial.”

We “need to strengthen export credit insurance plans,” bearing in mind that the internationalisation of the Portuguese economy was already necessary, he said.

“We need to increase the value of exports and diversify the destination markets,” he added, pointing out that support for market diversification, credit lines, and insurance for export activity should be considered.

Concerning VAT, Armindo Monteiro said that CIP is not in favour of the Zero VAT basket, because “it shouldn't be the state that chooses the diet of the Portuguese, VAT applies to a very restricted group of products and it's not socially acceptable because it encourages both those who have purchasing power and those who don't.”

(Mariana Espírito Santo | Lusa.pt)

Eastern Europe
Click on the picture to read the story |   [Getty Images]

BRATISLAVA

Days after its introduction, Slovakia’s new financial transaction tax has triggered a storm across the political spectrum and on social media where many shared screenshots from banking apps showing how much they are paying after each transaction. Read more.

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WARSAW

US pulls military staff from key Poland-based Ukrainian aid hub. The US Army has announced the withdrawal of American personnel and military equipment from the base at Jasionka, near Rzeszów, which has been a key logistical hub for the distribution of military support to Ukraine.

“The Americans informed us in advance and assured us that the troops withdrawn from the Rzeszów area would continue to be stationed in Poland. This does not mean a reduction of US forces in Poland or in Europe," said Prime Minister Donald Tusk.

Broader strategy. The troops will be moved to other locations in the country “as part of a broader strategy to optimise US military operations, improving the level of support to Allies and partners while also enhancing efficiencies,” the Command said in a statement.

The decision to reposition troops and equipment “reflects months of assessment and planning, coordinated closely with Polish hosts and NATO Allies,” it said, adding that the facilitation of military assistance to Ukraine through Jasionka will now continue under Polish and NATO leadership.

Following Russia's full-scale invasion of Ukraine in 2022, US forces established a temporary presence at Jasionka. Although not located on a permanent Polish military base, the site has been used by US, NATO and partner forces for the past three years.

(Aleksandra Krzysztoszek | Euractiv.pl)

The Balkans

SOFIA

Bulgaria: Big cash deals and Eurozone expectations fuel property boom. Bulgaria has recorded the sharpest increase in housing prices across the European Union, with a staggering 18.3% year-on-year rise in the final quarter of 2024, according to Eurostat data published on Tuesday. Read more.

Agenda
  • EUTenth meeting of EU-Ukraine Association Council expected to focus on reconstruction and reforin Ukraine, EU financial assistance, and more; Defence and Space Commissioner Andrius Kubilius signs agreement on the participation of Ukraine in Copernicus component;
  • Commission President Ursula von der Leyen meets with Prime Minister of Iceland Kristrún Mjöll Frostadóttir; Receives CEO of AmCham EU Malte Lohan;
  • Commission Vice Presidents Teresa Ribera, Stéphane Séjourné host third high level meeting of Joint European Forum for IPCEIs;
  • Vice President Roxana Mînzatu, Energy and Housing Commissioner Dan Jørgensen participate in Project Group on Affordable Housing;
  • Democracy, Justice, the Rule of Law and Consumer Protection Commissioner Michael McGrath participates in Parliament’s Special Committee on European Democracy Shield; Meets with Personal Information Protection Commissioner of Japan Ohshima Shuhei; Takes part in third trilogue of Victims’ Rights Directive;
  • International Partnerships Commissioner Jozef Síkela meets with Minister of Transport of Colombia María Fernanda Rojas Mantilla;
  • Environment, Water Resilience and a Competitive Circular Economy Commissioner Jessika Roswall meets with Secretary General of Ecommerce Europe Luca Cassetti;
  • Fisheries and Oceans Commissioner Costas Kadis receives Low Impact Fishers of Europe representatives;
  • Parliament President Roberta Metsola receives American Chamber of Commerce to the EU representatives; Meets with European Committee of the Regions President Kata Tüttő; Hosts Prime Minister of Ukraine Denys Shmyhal.

***

[Edited by Vas Panagiotopoulos, Charles Szumski, Daniel Eck, Sofia Mandilara]

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