Baltic States
Baltic companies still trading extensively with Russia
Baltic states maintain trade in unsanctioned goods with their giant neighbour Russia since President Vladimir Putin’s invasion of Ukraine, despite their staunch opposition to the Russian aggression.
Russian gas pipe flow dips to record low in January
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
Only Hungary and Russia heading for recession in 2023 as Emerging Europe shows its resilience
wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.
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Council of Europe harshly criticises Estonian e-residency programme
Famous scheme has created money laundering risks because of weak background checks, says Moneyval committee.
Russians view Baltic States as a threat
Russia’s residents believe the Baltic states are a threat to Russia, the Levada Centre survey commissioned by the Estonian Foreign Ministry has found, LRT.lt, the website of public broadcaster LRT, reported on January 25.
VISEGRAD BLOG: When Eastern European states speak out they are now listened to
The countries on Nato’s eastern flank believe they are now leading the debate on how to confront the Kremlin, as demonstrated by the row over supplying modern battle tanks to Ukraine.
No tanks for Ukraine at Ramstein meeting
Despite the intense pressure being brought on Berlin to allow Europe’s Nato members to send their advanced Leopard 2 tanks to Ukraine, a summit at the Nato Ramstein airbase failed to approve the measure.
bneGREEN: IEA five-point action plan could avoid a new European energy crisis this year
Europe faces another energy crisis that may start in the summer, leading gas and power prices to spike again. Europe won this winter’s battle in the energy war with Russian President Vladimir Putin, but will receive even less gas than last year.
Gas, panic in 2023
Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.
EBRD invests record €13.1bn into its region in 2022
The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.
bneGREEN: Renewables to overtake coal in electricity generation soon
Hundreds of protesters currently trying to halt the continued development of a coal mine in Germany – which would involve the destruction of the now abandoned village of Lützerath – are putting pressure on the government to phase out coal use.
NEMETHY: Key economic and financial drivers to watch in 2023
There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.
OUTLOOK 2023: Central Europe and the Baltic states
In a pessimistic scenario, Budapest and Warsaw could once more unite against Brussels, and the region could suffer a new wave of self-defeating populism as the cost of living crisis bites.
Emerging Europe backs nuclear power to solve energy needs
Hungary, Czechia, Poland, Slovakia and Romania all plan new reactors and many countries are also looking at small modular reactors for the future.
bneGREEN NEO: Petrochemical companies should step up the fight against plastic waste
Plastic waste has become a key issue in the fight against climate change. As experts and activists debate the merits of recycling versus reducing plastics overall, petrochemical companies should speed up their plans to recycle plastic waste.
January temperature records broken across Europe
Eight countries in Europe recorded all-time high temperature records for January on New Year’s Day this year. The following data draws from the visualization of meteorologist Scott Duncan and reports by the BBC, Statista reports.
THE MITTELEUROPEAN VIEW: Western banks go back to square one in CEE
Major Western banks had already adjusted their regional portfolio allocations back to Central Europe so the Ukraine war has not forced a complete reassessment of business strategies.
ING: Europe is pushing climate-friendly travel
To reduce carbon emissions, Europe aims to transition travellers from planes to trains. Its extensive rail network and the growing consumer demand for greener transport solutions provide a clear opportunity.
ING: EU reaches deal on world’s first carbon border tax
EU policymakers have provisionally agreed this week to introduce the world’s first carbon border tax in a push to encourage cleaner industrial production globally and protect its domestic industry.
Start of a new super cycle – fat and flat for 2023?
The global economy has been through some enormous changes in recent years, leading investors and analysts to believe we are at the start of a new high-inflation, lower-growth super-cycle that could last for as long as a decade.
