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Chinese President Xi Jinping took his leave of Russian President Vladimir Putin from a two-day visit to Moscow with a smile on his face. But despite the important show of solidarity, Putin got little in concrete terms from the Chinese leader.
Poll only counted those certain to vote, thereby reinforcing liberal narrative that all parties must unite against populist PiS government.
Fall deepens dramatically after a decline of 0.3% y/y the preceding month.
Romania’s fiscal policy continues to consolidate and borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost the same as last year. Romania is the region's leader with 44% of planned bonds.
The February fall is the first since May 2020 and was more than 2pp below the consensus line.
The decision, together with a similar move made by Slovakia on March 17, marks a stepping up of military aid to Ukraine with a new grade of weaponry, the offering of which has so far remained controversial.
Inflation is currently expected to begin easing – albeit very slowly – from March on, although the average inflation in 2023 appears certain to remain in double digits.
Ukraine’s IT industry has remained remarkably stable in the face of Russia’s full-scale invasion. While many leading sectors in Ukraine have suffered significant losses, IT saw a growth in exports helped by an impressive response from businesses.
Activist Justyna Wydrzynska sentenced to eight months of community work for sending abortion pills to woman in abusive relationship.
Analysts predict the CPI to embark on an extended descent that might see the index down at around 10% y/y at the end of the year.
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
The West has been increasingly supplying Ukraine with more and more powerful weapons, but always in insufficient amounts and always with a delay that does not change the tide of the conflict to Kyiv’s advantage.
Like the National Bank of Poland, we expect a big drop in CPI inflation by the end of 2023 (see table), but we see a lot of risks hindering inflation from reaching the target in subsequent years. There is little chance for rate cuts this year.
Two days of mass protest have forced the ruling Georgian Dream party to back down and withdraw a proposed “foreign agents” law, which would brand NGOs and media that receive more than 20% of their income from abroad.
Ruling Law and Justice party attacks film and plans parliamentary resolution in defence of the late pope.
Czech authorities and VW's Skoda Auto insist the carmaker’s plans for a massive electric battery plant in Central Europe are merely postponed, and that VW is awaiting a EU decision on a new EU incentive framework.
Capital Economics thinks that Czech GDP may fall slightly further over the first half of this year and expects only a slow recovery in the second half.
Women are underrepresented in the growing ICT and green energy sectors.
In 1986, I wrote a thesis on Soviet decision-making behind military interventions in Eastern Europe as well as American responses to them. Tragically, this topic is still relevant today.