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Seasonal pattern was most pronounced in Croatia, with 60% of tourist nights spent in July and August.
In April Russia’s inflation rate fell below 3%, less than the Central Bank of Russia’s target rate of 4%, but it is not expected to stay there. A range of inflationary drivers are lined up to push the rate up again.
Russia’s budget deficit expanded further to RUB3.424 trillion ($45bn) in January-April, sailing past the target for the full year of RUB2.9 trillion, the Finance Ministry reported on May 10, but the monthly deficits are already moderating.
Mykhailo Podolyak, advisor to the head of Ukraine's Presidential Office, said “local resistance forces” were behind the attempted drone strike on the Kremlin.
Moscow has accused Kyiv of attempting to assassinate Russian President Vladimir Putin after two drones were shot down over the Kremlin on May 3.
Central and Western Europe spend more in real terms than in 1989, the last year of the confrontation with the Soviet Union.
South Africa’s ruling African National Congress party says that it will quit the International Criminal Court to allow President Vladimir Putin to attend the upcoming BRICS summit.
European gas tank storage hit a low of 55.36% full at the start of April 1, and the volume held in tanks has grown since then to 57.94% full as of April 23, according to data from GIE.
Stockmann is looking to seize the opportunity presented by the widespread availability of high-quality real estate, abandoned by foreign companies that fled the country in the aftermath of Russia's invasion of Ukraine.
Washington is expected to step up pressure on the Orban government to change course on its pro-Russian stance and hostility toward the US and may be considering slapping influential Hungarian individuals with sanctions.
Move clears way for Finns, who have a 1,340-kilometre border with Russia, to obtain membership in alliance by mid-July.
Some commentators see the ratification as a sign that Viktor Orban is preparing to loosen his ties to Russia and return Hungary to the European mainstream.
Hungary is the only EU country where Rosatom is still involved in building a nuclear power plant, as it has been excluded from projects in Czechia, Bulgaria, and Finland after the invasion of Ukraine.
Russia’s federal budget deficit for the first ten days of March has already exceeded the planned RUB2.9bn for the entire year of 2023, Russian Prime Minister Mikhail Mishustin admitted on March 24.
Budapest claims that the move "hurts the cherished unity of Nato".
Ahead of elections, Erdogan administration appears to be caving to some Western sanctions enforcement demands, perhaps fearing action that could hurt the Turkish economy prior to polling day.
Russian GDP contracted by 2.1% last year. For the current year, we expect an economic decline of similar magnitude.
Vienna is giving the impression that it is struggling to decouple its interests from Russia, if not actively avoiding doing so.
The US has become increasingly worried by anti-American rhetoric from senior Hungarian officials and pervasive anti-American rhetoric in government media.