On February 13-14, the “Ministerial to Promote a Future of Peace and Security in the Middle East” conference was held in Warsaw at the initiative of Poland and the United States, and gathered representatives from 62 countries.
Warsaw's hopes of stopping the Nord Stream 2 gas pipeline were dashed, as Germany and France pushed through a compromise wording of amendments to EU’s gas market rules that will result in the weakening of the bloc’s joint control.
Robert Biedron, the openly gay Polish politician who became mayor of the seaside town of Slupsk, has challenged the political status quo by forming a new liberal-left party.
The full year result beats the revised 4.8% growth recorded in 2017 and arrives on the back of healthy household consumption – an effect of a very tight labour market – and a recovery in investment.
Russia recaptured the dubious title of “most corrupt country in Eastern Europe” after it slipped three places in this year’s Transparency International Corruption Perceptions index, falling to 138th place out of 180 countries.
The value of M&A deals in the region soared by 20.1% in 2018, with investors largely ignoring populism and protests in Central and Southeast Europe, a CMS/EMIS report shows.
Despite the hype surrounding the state digitisation programme, Russia fell to 27th place in the global innovative rankings produced by Bloomberg, but was still the third best in Emerging Europe.
The Polish minister’s idea surprised Brussels as it is not in line with the EU’s position, although Warsaw under the Law and Justice government has long been at odds with EU over a number of issues.
As elections loom later this year, calls for the tragic death of Gdansk mayor Pawel Adamowicz not to be politicised have fallen on deaf ears.
2018 is now behind us and it was a painful year for most investors around the world, across all asset classes. In USD terms, MSCI indices for frontier and emerging markets ended the year with a negative total return of 16.4% and 14.5%
Last year was a rotten year for portfolio flows with multiple fickle factors driving outflows from the leading emerging markets. And the prospects for 2019 are, if anything, worse.