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.
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.
While inflation is now at its plateau or on a descending path in Europe, it is still on its way up in Hungary.
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.
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.
Headline industrial output growth confirmed at 5.9% in September, slowing after two consecutive months of double-digit growth.
UK's Liberty Steel is reportedly in talks with government about buying ISD Dunaferr, which is poised to go into liquidation.
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.
Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,
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.
Ashgabat said to be signalling that “it won’t get out of bed for anything less”.
Poland has its Cohesion Funds approved, while part of Hungary's is frozen, but both will have to meet conditions to get recovery funds released.
The deal will help Hungary fill its yawning budget deficit and should steady the forint, the EU's worst performing currency this year.
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.
The EC agreed that each member state will take on financial responsibility individually and the money will not be lent at EU level, to avoid the Hungarian veto.
The Commission’s proposal to condition large parts of the EU aid flow on reaching rule of law-related milestones offers unprecedented leverage over Budapest. It should not be afraid to use this.
Consumer prices rose 22.5% y/y in November, accelerating from a 21.1% increase in the previous month.
The many economic challenges have begun to surface and become measurable. The performance of industry and retail sales was subpar in October, suggesting a tough fourth quarter.