Azerbaijan can’t fully substitute for Russian gas at the pan-European level, but it can play a crucial role in promoting the energy security of individual states.
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
Christian Schmidt points to joint statement signed by ruling parties in Republika Srpska after repeated calls for secession from local politicians.
Russian ambassador joins banned event to commemorate Russian soldiers who died during the Second World War.
Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.
Albania, Kosovo and Romania stand out with strong projected growth in 2023-25, wiiw forecasts show.
Leaked recording reveals secessionist Bosnian Serb leader Milorad Dodik lashed out at Djokovic family ahead of RTS interview.
Step brings Bosnian Serb entity closer to secession and is expected to hike political tensions in the already highly unstable country.
The Central, Eastern and Southeast Europe economies have largely digested the economic shock caused by the war in Ukraine and are heading for modest growth this year, says wiiw.
Unemployment fell, but mainly as a result of the declining labour force and an increase in inactivity, World Bank report reveals.
Core inflation has increased in almost all Western Balkan countries since mid-2022 and price pressures remain broad-based.
World Bank says reforms are needed to prepare the region for future shocks as growth is set to moderate this year.
World trade has been falling, but we still expect growth to return this year. We do notice large shifts in world trade as advanced economies – especially the US – are diversifying input sourcing.
Amid a downgrade to the IMF’s global growth forecast, EM sovereigns should remain resilient with areas of relative growth outperformance, easing pressure on commodity importers and fiscal reform momentum.
Owner of a local raspberry farm contracted to import ventilators from China at start of pandemic.
A new study published by the IMF finds PPP investments in the region compared to GDP are higher than in the EU, and warns of the risks from poorly managed PPP projects.
The Austrian lender is reportedly considering the sale of the Russian business as a whole, splitting it off into a separate entity or the swap of its loans for those of Russia’s Sberbank that are trapped in Europe by sanctions.
Food and energy prices surged to near historic highs in recent years amid the pandemic and the war in Ukraine, which prompted major supply disruptions. This was accompanied by a sharp rise in the volatility of commodity prices as well.
Slowdown in inflation continues for the fourth month in a row after price hikes in 2022.
Republika Srpska President Milorad Dodik takes cue from Putin’s Russia as he clamps down on NGOs, journalists and LGBT activists in challenge to Sarajevo’s authority.