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Il-Ħamis, 03.09.2026 · 00:00
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issue109
morning edition·issue №109·Il-Ħamis, 3 ta’ Settembru

Good morning.

This is the morning edition.

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Hungary held up Ukraine’s next step towards EU membership, using the accession process as leverage at a point when enlargement is already testing the Union’s patience and unity. Slovakia, meanwhile, left sanctions on about 2,600 Russians exposed to expiry on 15 September, a reminder that EU foreign policy still depends on national consent, not Brussels command.

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GEOPOLITICS

Slovakia Risks Russia Blacklist Lapse

EU ambassadors failed to agree on extending the blacklist renewal cycle, leaving travel bans and asset freezes exposed before the 15 September deadline. Diplomats will try again on 9 September, while Bratislava is also seeking undisclosed delistings and keeping the leverage that comes with requiring unanimous approval every six months.

GEOPOLITICS

Hungary Freezes Ukraine EU Talks

Kyiv passed the EU’s technical screening, but Budapest withheld the unanimous political approval needed to open two major negotiating clusters. Hungary wants visible progress on minority rights before talks move ahead, leaving the other 26 governments without a legal bypass and Ukraine’s alignment on trade, taxation, labour and customs rules stalled.

ECONOMY

Meridiam’s 66% Meets Tariff Test

Private majority control has made the €1.9 billion interconnector more bankable, but the money still turns on regulated revenues and Cyprus’s share. Greece’s regulator closes its consultation on 11 September, while EIB due diligence, a €125 million Cypriot commitment and surveys in contested waters remain unfinished.

GEOPOLITICS

Romania Given Two Weeks On Fritz Law

The European Commission has folded the contested Fritz amendment into its check on Romania's final recovery-fund payment. Bucharest must show whether removing officials over findings made before the law took effect is predictable and proportionate; the much-quoted €770 million covers the whole final grant instalment, not this clause alone.

GEOPOLITICS

€70 Million Shell Deal Ousts Pevkur

Estonia’s defence minister quit after a missing ammunition order exposed weak control over a fast military buildup. Auditors could not verify €1.2 billion in defence inventory balances, while almost all €72.1 million in checked supplier prepayments came under scrutiny, just as Tallinn starts drawing on up to €2.34 billion from the EU’s SAFE defence programme.