bneGREEN: Europe saves €100bn from the switch to renewables due to the Ukraine war

Ben Aris in Berlin June 5, 2023

European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.

bneGREEN: Croatia’s ENNA to launch IPO, invest €1bn in green energy

Denitsa Koseva in Sofia June 2, 2023

Croatian investment group is already preparing a major investment cycle focused on developing renewable energy.

Support for Moldova, solidarity with Ukraine at second EPC summit

bne IntelliNews June 2, 2023

European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.

VISEGRAD BLOG: Macron makes the weather in Eastern Europe

Robert Anderson in Prague May 31, 2023

The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.

EU approves €179.5mn aid for Rimac Automobili's robo-taxi project

Aida Kadyrzhanova in Almaty May 26, 2023

Electric supercar producer now developing €450mn urban mobility system with fully autonomous electric vehicles.

Southeast Europe tourism concentrated in peak summer months despite efforts to diversify

bne IntelliNews May 25, 2023

Seasonal pattern was most pronounced in Croatia, with 60% of tourist nights spent in July and August.

EBRD 2023: Bank to expand into the whole of Africa plus Iraq

Ben Aris In Samarkand May 18, 2023

The first investments are due to begin in six counties in sub-Saharan Africa in 2025.

EBRD cuts regional growth forecasts again but Central Asia still going strong

Clare Nuttall in Samarkand May 16, 2023

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.

bneGREEN: Croatia has potential offshore wind capacity of up to 25 GW

Aida Kadyrzhanova in Almaty May 11, 2023

Croatia could rival Europe's entire offshore wind power capacity, says EBRD-funded research on Croatia's offshore wind potential.

Over €416mn to be spent on Adriatic sea tourism infrastructure by 2025

Aida Kadyrzhanova in Almaty May 10, 2023

Major new investments in marinas at Vlora in Albania and Rijeka in Croatia are going ahead, as infrastructure is developed along the eastern Adriatic coast.

New Schengen member Croatia sets its sights on becoming ICT hub

bne IntelliNews May 9, 2023

Croatia's ICT industry has been steadily growing in recent years, with the sector now contributing around 6% of the country's GDP.

NEMETHY: Some thoughts on inflation

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 7, 2023

I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that, on the balance of probability, we face an entire decade of high inflation.

bneGREEN: Croatian EV hypercar producer Rimac expands into energy storage systems market

bne IntelliNews May 4, 2023

Rimac is expanding from EV technology to the stationary energy storage systems needed to realise the full potential of renewable power generation.

bneGREEN: Europe suffers second-worst year for wildfires since records began

bne IntelliNews May 4, 2023

Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.

Southeast European economies expected to outperform the wider region

bne IntelliNews May 1, 2023

Albania, Kosovo and Romania stand out with strong projected growth in 2023-25, wiiw forecasts show.

Emerging Europe on tentative recovery path from 2023

bne IntelliNews April 27, 2023

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.

EU still among the largest importers of Russian oil products

bne IntelliNews April 26, 2023

New data shows that the EU is still among the largest importers of oil products from Russia, which are routed through 'laundromat' countries to avoid sanctions, according to the CREA.

European defence spending soars by 14% in 2022, says Sipri

bne IntelliNews April 25, 2023

Central and Western Europe spend more in real terms than in 1989, the last year of the confrontation with the Soviet Union.

bneGREEN: Poland, Romania and Bulgaria face highest decarbonisation transition risks, says Fitch

bne IntelIiNews April 25, 2023

Decarbonisation costs predicted to put up region's average debt/GDP levels by 7pp by 2030.

Europe’s heating season ends as gas storage passes bottom

bne IntelliNews April 25, 2023

European gas tank storage hit a low of 55.36% full at the start of April 1, and the volume held in tanks has grown since then to 57.94% full as of April 23, according to data from GIE.