In December the EU commissioned a secret report to assess just how badly the war in Ukraine, and the polycrisis it is fuelling, is hurting Europe’s economy. Good news: Europe is doing OK; bad news: so is Russia.
Belarus has offered to let Ukrainian grain go through its territory to Lithuania without preconditions. However Lithuania is wary of this sudden offer.
Debate of what should go into the EU’s ninth package of sanctions is bogged down in disagreement. EU foreign ministers met on December 12 to think up more measures to punish Russia for its war in Ukraine, but could not agree on how best to do this.
Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.
In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.
Indoor vertical farms in Emerging European cities are replacing costly and polluting air imports to supply leafy vegetables for the region’s urban populations.
With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
Following an on-air gaffe, Latvia's National Electronic Media Council (NEPLP) has cancelled Dozhd's (Rain's) licence for threatening national security.
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
Instant storm of reaction after two Russian missiles were reported to have gone off course over Ukraine and hit a Polish village, killing two people. It was later reported that they were in fact Ukrainian missiles.
The European Parliament has approved temporary emergency regulations to accelerate the deployment of renewable energy across the EU, but gas investment is still allowed
Yury Chyzh and his Lithuanian partner Vitold Tomasevskij are reported to have transferred billions of dollars out of Belarus that they had allegedly made thanks to preferential access to cheap petroleum.
In their latest investigation, the Belarusian Investigative Centre has detailed, with the help of the Cyber Partisans, Chyzh’s and Tomaševsky’s joint business schemes since the earlier 2000s and found out how they’ve spent their fortunes.
Compared to the second quarter of 2022, GDP fell by 1.7%, while y/y the economy contracted by 0.6%.