According to Serbian Economist, the next EU-Western Balkans summit is planned to be held in Montenegro on June 5, 2026, Montenegrin media reported, citing sources close to the country’s president’s office.
European Council President António Costa also said he expects the next meeting to take place in Montenegro in June 2026.
According to the Council of the EU, the EU-Western Balkans summits are attended by leaders of EU countries and EU institutions, as well as leaders of six partners in the region: Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia, and Serbia.
Commenting on the plans for 2026, Montenegrin President Jakov Milatović said that there are “high expectations” for the meeting in Montenegro in Brussels and that “it should be a summit of results,” first and foremost for Montenegro itself.
By that date, the European Union intends to begin work on an agreement on Montenegro’s accession to the EU.
Regular EU-Western Balkans summits have been held since 2018; the previous summit took place in Brussels in December 2024.
Source: https://t.me/relocationrs/1973
Transmission system operators (TSOs) of Ukraine, Slovakia, Hungary, and Romania launched the first monthly auctions for the allocation of cross-border capacity on Monday, according to Ukrenergo.
They are being held on December 15-17 on the Joint Allocation Office (JAO) platform with delivery in January 2026. The final results of the auctions are to be announced on December 23. According to information on the JAO, the capacity of the interconnection with Hungary is 460 MW, with Romania and Slovakia – 172 MW each. No interconnection capacity is offered from Ukraine.
“Long-term auctions for the allocation of cross-border transmission capacity are definitely beneficial for the Ukrainian electricity market. In the context of massive Russian attacks on our energy system, we really need confidence in a stable supply of electricity imports every month,” commented Vitaliy Zaychenko, chairman of the board of Ukrenergo, whose words are quoted in the company’s Telegram message.
“We are grateful to our partners at ENTSO-E and the JAO auction platform, as well as our colleagues from the energy system operators of neighboring EU countries for their effective cooperation. We hope that it will continue and that annual auctions will also be introduced in the future,” said Zaychenko.
According to NEC, the introduction of such auctions was made possible thanks to cooperation with TSOs of neighboring countries and with the support of the European Network of Transmission System Operators (ENTSO-E). Work on the rules for long-term allocation for the EU’s external borders has been ongoing for the past two years.
“After these rules were approved by the national regulators of Ukraine, Slovakia, Hungary, and Romania, it became possible to allocate free capacity at inter-state crossings through monthly long-term auctions. For Ukraine, this means more effective price forecasting and, in the long term, a reduction in the cost of imported electricity,” Ukrenergo explained.
As noted in the report, on a global scale, monthly auctions contribute to closer integration of the Ukrainian and European energy markets and ensure greater stability of Ukraine’s integrated energy system.
As reported, with the start of a full-scale invasion, given the military risks, ENTSO-E agreed only to daily auctions for the distribution of inter-state cross-border capacity for import and export operations with electricity.
At the same time, traders and energy companies have repeatedly pointed out that the absence of long-term auctions, in particular monthly and annual ones, hinders the effective attraction of imported electricity.
In early December, Vitaliy Zaychenko, Chairman of the Board of NEC Ukrenergo, told Energorforma that he expects the first long-term (monthly) auctions for the distribution of inter-state crossings with Romania, Hungary, and Slovakia since the start of the war to be successful.
“I think these auctions will take place. The market is definitely waiting for long-term auctions. Therefore, I think that the entire proposed cross-border capacity will be sold,” he said.
“Unfortunately, there will be no auctions in Poland because the Polish transmission system operator does not give its consent,” added the head of Ukrenergo.
It should be noted that the auctions launched today are joint, i.e., they are held simultaneously by both operators. The TSO agreed on this mechanism in 2023, and so far, daily auctions have been held under it. Monthly auctions were previously held in Moldova and Poland (Dobrotvir-Zamosc crossing), where unilateral auctions are still in place instead of joint ones.
December is traditionally one of the most successful months for Ukrainian cheese producers in terms of sales, but in 2025, not all companies in the industry will be able to boast positive dynamics, according to the analytical publication Infagro.
“Although cheese consumption in Ukraine has likely increased, the main growth has been in imported products,” analysts noted, adding that this is due to the significant price advantage of European cheeses.
Importers purchase products in EU countries at a significantly lower price than they are produced in Ukraine, and experts predict that their cost will not increase in the near future.
The agency noted that cheese imports to Ukraine increased in November, although not as much as predicted. Imports were up 10% compared to October. Imports of “white” cheeses increased by 4%. At the same time, imports of processed cheeses decreased by 18%.
Experts hope that imports will grow more actively in December, as was the case last year.
They recalled that cheese consumption in Ukraine has not yet returned to pre-war levels, which complicates competition for domestic producers. According to analysts’ estimates, in 2025, sales of semi-hard cheeses on the domestic market will be 17% lower than in 2021. At the same time, the average Ukrainian, as before the war, consumes about 2 kg of such cheese per year, and about a quarter of this volume is European-made cheese.
“Exports of semi-hard cheeses from Ukraine remain half the size of imports. At the same time, export prices exceed import prices. In November, exports of processed cheese products also fell sharply to their lowest level since the beginning of the year,” Infagro reported.
In January–November 2025, Ukraine increased its imports of electric generators and rotating electrical converters by 3.2 times compared to the same period in 2024, to $1.513 billion, according to data from the State Customs Service.
The most active suppliers were countries of the European Union. The leaders were Romania — $321.6 million (21.3% of total imports), the Czech Republic — $271.2 million (17.9%), and Poland — $189.1 million (12.5%). For comparison, a year ago, the largest exporters of generator equipment to Ukraine were China (24.2% or $115 million), Turkey (18.5%), and the Czech Republic (15.6%).
In November 2025, generator imports grew by 27.2% compared to November 2024, reaching $116.4 million, but were 38% lower than in October.
Exports of Ukrainian electric generators for 11 months amounted to only $3.6 million (a year earlier — $1.6 million), with the Czech Republic, Latvia, and Bulgaria being the main destinations.
The growth in imports is linked to ongoing programs to strengthen energy security and backup power supply, as well as the current exemption from customs duties and VAT on the import of electric generators, introduced by the Ukrainian government in the summer of 2024.
In 2025, due to changes in trade rules with the European Union, Ukraine was unable to supply EUR2 billion worth of agricultural products to foreign markets, 95% of which were not supplied to the European market, said Oleksandra Avramenko, chair of the European Integration Committee of the Ukrainian Agribusiness Club (UAC), at the conference “Agribusiness in Ukraine.”
The expert recalled that 2025 was a generous year for Ukraine’s cooperation with the European Union. For the first time in history, Ukraine had three trade frameworks with the EU. The first was autonomous trade measures (ATMs), i.e., unilateral references introduced by the European Union to support Ukraine. They were in effect until June 2025. The second was a transition period after the end of the ATMs, which lasted five months. The third came into effect on October 29, 2025.
“Destabilization and lack of predictability (in trade with the EU – IF-U) led to the fact that as of December 1, 2025, Ukraine had not exported EUR 2 billion worth of agricultural products, 95% of which were not exported to the European Union. In other words, products that were not exported to the EU were not exported anywhere. This is quite critical in our circumstances,” Avramenko noted.
She stressed that having a new trade regime is much better than not having one.
The expert expressed hope that during 2025, Ukrainian exporters will gain some experience in supplying products to the European market under the new rules and will have a better understanding of the new trade mechanism in 2026.
Avramenko also recalled the Cyber Measures mechanism introduced by the EU as part of the updated trade agreement, which allows any country that feels pressure from Ukrainian agricultural products to apply to the European Commission, which will conduct an investigation and, if necessary, impose restrictions on imports from Ukraine.
The expert also stressed the importance of Ukraine implementing the European Union standards set out in 20 regulations by the end of 2028.
Belgium is demanding “independent” and “autonomous” guarantees from EU countries in exchange for its support for a loan to Ukraine using frozen Russian assets, Euractiv reports.
The documents, which are currently being discussed by EU ambassadors, come amid frantic efforts by the bloc to persuade Belgium to back the so-called reparations loan ahead of a crucial European Council summit in Brussels next week.
Euroclear, a securities depository headquartered in Brussels, holds the vast majority of the EUR210 billion in frozen assets that will be used to support Kyiv’s military efforts, making Belgium a key player in the EU negotiations.
In a series of amendments to the Commission’s legal proposal, which was first circulated to EU ambassadors last week, Belgium notes that the guarantees must be “independent and autonomous so that they remain in force even if the loan is declared invalid.”
Other key Belgian demands include: other EU states covering potential legal costs that Moscow may claim from any member state; EU capitals refraining from concluding new investment agreements with Russia and cancelling all existing agreements; and a number of other measures to protect Belgium from potential reprisals by Moscow.
Luxembourg and Belgium signed a bilateral investment agreement with the then USSR in 1989, which has not been revoked to date.
In addition, it requires that Euroclear itself “not be liable” for providing the reparations loan, and that its “directors be liable only in cases of gross negligence.”
The Russian Central Bank announced that it would file a lawsuit against Euroclear in a Moscow court on Friday.
Belgium has repeatedly criticized the Commission for continuing with the loan program and has called on other EU countries to support the issuance of joint debt obligations instead. However, the latter option is currently being blocked by Hungary, which is also strongly opposed to the loan program.
