The energy crisis in Central and Eastern Europe has lost some of its bite after a mild winter and record LNG imports led to a slump in natural gas prices. The EU has made good progress in replacing Russian energy supplies.
More and more signs point to a new major Russian initiative to take Ukraine in the spring, including a possible attack on Kyiv. How could a major Russian offensive or a Russian victory in Ukraine challenge Europe?
Mercantilism is also replacing globalisation, and the US has a declining interest in European affairs.
Poland is lobbying for a ban on Russian synthetic rubber to become a part of the new EU sanctions which are scheduled to be unveiled on the one-year anniversary of the military operation in Ukraine, February 24.
The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.
Dealmaking in Central Europe is set to rebound, says law firm's long-standing Prague managing partner, as new kinds of investor move into the region.
PMI hits highest reading for eight months but is still below 50 threshold.
Most growth in global power generation by 2050 will be solar and wind, according to oil supermajor BP’s annual benchmark report, the 2023 Energy Outlook.
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.
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.
The economy is expected to grow below 1% in 2023, as high inflation, exceeding nominal wage growth, as well as restrictive monetary policy, radically reduces domestic demand.
The weak macroeconomic backdrop and the spectre of possible recession are likely to stifle M&A in the coming months, according to the annual CMS/Emis Emerging Europe M&A Report.
Poland leading the effort to get the tanks delivered to Ukraine may give the ruling PiS extra clout in an election year.
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.
‘Cooperation in a fragmented world’ was the theme at the World Economic Forum in Davos, but Europe is still struggling to catch up with the cleantech policies of the US and China.
2023 will see further GDP deceleration to about 1% in what analysts say is a “soft landing” of the economy.
The index eased growth for a fourth consecutive time in December, confirming expectations for inflation to decline.
Countries that have the Leopards in their stock need Germany’s approval to send them to fight abroad, a commitment that Berlin has also been unwilling to make up to now.
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.
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.