Poland

bneGREEN: Clearer ESG rules needed in booming green bond market

Richard Lockhart in Edinburgh October 13, 2022

The global green bond market was worth $552bn in 2021, accounting for 53% of all green, social and sustainability issuances, according to a recent report from Fitch.

bneGREEN: Green investment must triple to save climate

by Roberta Harrington in London October 12, 2022

Investments in renewable energy need to triple by 2050 to put the world on a net-zero trajectory by mid-century, according to a new report by the World Meteorological Organisation (WMO), part of the United Nations.

Czech President Milos Zeman can't resist a strongman

Albin Sybera October 12, 2022

The provocative populist Czech leader has barely travelled west during his 10 years in office, instead specialising in courting eastern dictators and neighbouring populist leaders.

Polish central bank descends into civil war over rate policy

Wojciech Kosc in Warsaw October 11, 2022

Five members of the monetary policy council say they are considering reporting the other three to police for their statements to the media.

IMF BLOG: Policymakers need steady hand as storm clouds gather over global economy

Pierre-Olivier Gourinchas Economic Counsellor and the Director of Research of the IMF. October 11, 2022

One-third of the world economy will likely contract this year or next amid shrinking real incomes and rising prices. The global economy continues to face the challenges of war, a cost-of-living crisis and an energy crisis.

CEE faces 'huge correction' in bond yields, says Erste

Robert Anderson in Prague October 10, 2022

The end of the monetary tightening cycle amid the tougher international environment will mean a correction of 200 basis points in 10-year yields in Hungary, and from 80-140 bps in Czechia, Poland and Romania.

VISEGRAD BLOG: European family gathering mostly avoids fights

Robert Anderson in Prague October 9, 2022

European Political Community isolates Russia, welcomes back UK and reassures EU candidate countries.

Poland’s central bank halts rate rises, bets that inflation starts easing soon

Wojciech Kosc in Warsaw October 6, 2022

The National Bank of Poland left its reference interest rate unchanged at 6.75%, despite inflation accelerating to 17.2% y/y in September.

bneGREEN: Europe’s renewable energy supply chain under threat from soaring power prices

by Roberta Harrington in London October 5, 2022

Europe’s renewable energy supply chain is under threat from soaring power prices, says Rystad Energy of Oslo. As much as 25% of solar and battery manufacturing capacity in Europe is at risk, says the research firm.

NEMETHY: Is the world heading towards a “polycrisis”?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors October 5, 2022

According to historian Adam Tooze, we are currently potentially facing a “polycrisis”: a number of smaller to medium-sized crises in the world that have the potential to combine and reinforce each other.

Polish factories remain in downturn mode in September

Wojciech Kosc in Warsaw October 4, 2022

Poland's Purchasing Managers' Index improved 2.1 points to 43 in September but still lingered below the 50-point mark separating contraction from growth.

Poland’s inflation unrestrained in September at 17.2%, flash estimate shows

Wojciech Kosc in Warsaw October 3, 2022

The flash estimate will present the National Bank of Poland with the dilemma of whether to tighten monetary policy further at a time when the economy is already slowing markedly.

Czechs try to transform EU's relationship with Israel

Robert Anderson in Prague October 3, 2022

As the current rotating president of the European Union, Prague has convened a meeting of the long moribund EU Israel Association to try to boost EU links with the Jewish state.

bneGREEN: Fit for 55 – not fit for purpose

Richard Lockhart in Edinburgh September 30, 2022

The EU’s Fitfor55 efforts to reduce CO2 emissions by 55% by 2030 are woefully inadequate and unable to contain global warming to the 1.5°C target, with reductions of up to 77% needed instead to stand any chance of averting a climate catastrophe.

More pain stored up for Emerging Europe in 2023

bne IntelliNews September 29, 2022

Government efforts to shield populations from the energy crisis and rampant inflation have shifted the economic impact to next year, says the EBRD as it downgrades GDP growth forecasts for 2023.

Poland worried about Baltic Pipe security after Nord Stream explosions

Wojciech Kosc in Warsaw September 28, 2022

Warsaw fears sabotage of Nord Stream on same day Baltic Pipe opened was no coincidence.

EBRD: Reduced gas supplies and inflation to slow growth further in EBRD regions

EBRD September 28, 2022

The European Bank for Reconstruction and Development (EBRD) projects growth in its region will slow as a result of gas supply problems that are feeding an energy crisis. The bank says growth will slow to 2.3% in 2022 in its region and 3% in 2023.

BRUEGEL: National policies to shield consumers from rising energy prices

Giovanni Sgaravatti for Bruegel, Simone Tagliapietra for Bruegel, Georg Zachmann for Bruegel September 26, 2022

The current increase in wholesale energy prices in Europe has prompted governments to try to shield consumers from the direct impact of an energy crisis that is sweeping the Continent and the rising prices that are costing hundreds of billions.

Kazakhstan offers Europe chance to kick its Russian uranium habit

Aida Kadyrzhanova in Almaty September 26, 2022

Obstacle to hopes is Russia’s ownership of 40% of world's uranium conversion infrastructure, vital to making nuclear fuel.

ING: Eurozone PMI suggests the region may already be in recession

Bert Colijn Senior Economist Eurozone for ING September 26, 2022

The third decline in a row for the eurozone PMI indicates that business activity has been contracting throughout the quarter. This confirms our view that a recession could have already started.

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