bneGREEN: Coal dominates at COP26 as more countries join the clean transition

Richard Lockhart in Edinburgh November 4, 2021

Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.

EBRD lifts emerging Europe forecasts but warns of threats ahead

bne IntelliNews November 4, 2021

The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.

Poland’s central bank surprises again, hiking rates 75bp to 1.25%

bne IntelliNews November 4, 2021

Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.

Banca Transilvania to create digital banking hub with Idea::Bank acquisition

bne IntelliNews November 3, 2021

Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.

Polish inflation accelerates to 6.8% y/y in October, flash estimate shows

Wojciech Kosc in Warsaw November 2, 2021

Inflation hits highest point for 20 years, making another rate rise a done deal.

THE VIEW FROM MITTELEUROPA: German traffic light coalition could worsen frictions with CEE

Marcus How and Gunter Deuber in Vienna November 1, 2021

A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.

Roll back judiciary reforms or you will get no recovery funds, EU’s von der Leyen tells Poland

Wojciech Kosc in Warsaw October 29, 2021

Poland and the EU are feuding over the former’s judiciary reforms, which, Brussels says, undermine the independence and impartiality of the judges.

bneGREEN: UN warns that net-zero pledges are insufficient and not urgent enough

By Richard Lockhart in Edinburgh October 27, 2021

A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.

Poland moots plans to make its army one of Nato’s largest

Wojciech Kosc in Warsaw October 27, 2021

Poland plans to more than double the size of its military to at least 250,000 troops, the country’s defence ministry said.

bneGREEN: EU MEPs back binding methane targets

bne IntelliNews October 25, 2021

In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.

Polish government dithers as COVID-19 infections soar

bne IntelliNews October 21, 2021

Only half the population has been vaccinated and the least vaccinated regions also happen to be the most pro-government.

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

Polish industrial production eases growth to 8.8% y/y in September

Wojciech Kosc in Katowice October 21, 2021

Data shows the strength of Polish industry and its resilience to bottlenecks in the supply of raw materials and intermediate goods.

ING: Growing metals demand & the issue of emissions

Warren Patterson Head of Commodities Strategy at ING in Holland October 19, 2021

The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.

Poland and the EU ratchet up judicial dispute

Wojciech Kosc in Warsaw October 19, 2021

Prime Minister Mateusz Morawiecki defends Polish position in European Parliament as European Commission President Ursula von der Leyen warns that the EU will not hesitate to withhold funding.

bneGREEN: Green policies set to reduce EU gas demand to baseload core

By Richard Lockhart in Edinburgh October 18, 2021

While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.

Polish inflation climbs further to 5.9% y/y in September

bne IntelliNews October 18, 2021

Inflation picks up 0.5pp versus the preceding month to a 20-year high.

CEE needs to speed up transition to new growth model, argues GLOBSEC report

bne IntelliNews October 12, 2021

Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.

CEE/SEE countries unite in defence of nuclear power

bne IntelliNews October 12, 2021

EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.

Poles rally against ‘Polexit’ as prospect of pandemic recovery funds fade

bne IntelliNews October 11, 2021

Protests follow ruling by the Constitutional Tribunal that the Treaty of the European Union contravenes the Polish Constitution.