OUTLOOK 2023: Central Europe and the Baltic states

Robert Anderson in Prague January 9, 2023

In a pessimistic scenario, Budapest and Warsaw could once more unite against Brussels, and the region could suffer a new wave of self-defeating populism as the cost of living crisis bites.

bneGREEN: Record 2022 for coal threatens green targets

Richard Lockhart in Edinburgh January 6, 2023

World coal consumption reached a new high in 2022 before levelling out in 2023 and 2024, with rising usage in emerging Asian countries cancelling out falling demand in advanced economies.

Emerging Europe backs nuclear power to solve energy needs

bne IntelliNews January 6, 2023

Hungary, Czechia, Poland, Slovakia and Romania all plan new reactors and many countries are also looking at small modular reactors for the future.

bneGREEN NEO: Petrochemical companies should step up the fight against plastic waste

NEO January 6, 2023

Plastic waste has become a key issue in the fight against climate change. As experts and activists debate the merits of recycling versus reducing plastics overall, petrochemical companies should speed up their plans to recycle plastic waste.

January temperature records broken across Europe

Anna Fleck for Statista January 5, 2023

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.

Poland’s central bank leaves interest rates unchanged again

Wojciech Kosc in Warsaw January 4, 2023

Central bank expected to keep rates on hold until it starts cutting in late 2023.

Tide of Ukrainian refugees transforms Polish society

Wojciech Kosc in Warsaw January 4, 2023

Influx of more than a million boosts economy and softens attitude to refugees, though fears remain that welcome could soon wear out.

Remittances between the EU and Ukraine expected to recover in 2023 after 10% fall in 2022

bne IntelliNews January 3, 2023

Remittances between the EU and Ukraine will expand in 2023, after declining by between 5% and 10% in 2022, according to money transfer system Tempo France.

Polish industry ends 2022 in less depressive mood, PMI shows

Wojciech Kosc in Warsaw January 3, 2023

PMI says below 50% for eight consecutive months, indicating a downturn, but rises 2.2 points to 45.6.

THE MITTELEUROPEAN VIEW: Western banks go back to square one in CEE

Gunter Deuber of Raiffeisen Research December 21, 2022

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.

Polish CPI growth revised to 17.5% y/y in November

Wojciech Kosc in Warsaw December 16, 2022

This is the first y/y easing of the index’s growth rate since June 2021 and points to inflation losing momentum, albeit still very incrementally.

ING: Europe is pushing climate-friendly travel

Diogo Gouveia sector economist with ING, Rico Luman senior sector economist with ING December 16, 2022

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.

Apocalypse 2050: World on course for 15% GDP fall

Richard Lockhart in Edinburgh December 15, 2022

The world is set to see global GDP plummet by a catastrophic 15% by 2050 if current emissions trends are not reined in and global warming reaches 2.2°C by 2050.

ING: EU reaches deal on world’s first carbon border tax

Ewa Manthey Commodities Strategist based in London for ING December 15, 2022

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.

Poland’s PiS seeks opposition support in latest bid to unlock EU money

Wojciech Kosc in Warsaw December 15, 2022

Ruling party proposes to move disciplinary matters concerning judges from the Supreme Court to the Administrative Supreme Court to meet EU concerns.

Start of a new super cycle – fat and flat for 2023?

Ben Aris in Berlin December 15, 2022

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.

IMF: Global food prices to remain elevated amid war, costly energy, La Niña.

Ervin Prifti . December 14, 2022

Interest rate hikes have eased price pressures, but the weather, war and material costs could keep food prices elevated for longer,

Eastern Europeans issue demarche to France over Ukraine

bne IntelliNews December 14, 2022

Eastern European critics argue that Paris’ ambiguous stance threatens to fracture the West’s unity against Russia, and emboldens Putin to continue prosecuting the war until he wins concessions.

Who is winning the sanctions war?

Ben Aris in Berlin December 14, 2022

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.

Poland and Hungary chart different roads to accessing EU funds

Wojciech Kosc in Warsaw December 13, 2022

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.