EC bans Ukrainian grain imports to Central Europe for another five months, Kyiv bans sugar exports in response

by Wojciech Kosc in Warsaw, Ben Aris in Berlin June 6, 2023

Five EU member states bordering Ukraine will be allowed to keep some of their restrictions on imports of Ukrainian agricultural produce in place until September 15, the European Commission decided on June 5.

bneGREEN: Europe saves €100bn from the switch to renewables due to the Ukraine war

Ben Aris in Berlin June 5, 2023

European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.

Central Europe launches new austerity drive

Robert Anderson in Prague June 4, 2023

Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.

Support for Moldova, solidarity with Ukraine at second EPC summit

bne IntelliNews June 2, 2023

European leaders stress the importance of European solidarity and affirm support for states on the continent’s Eastern Flank.

VISEGRAD BLOG: Macron makes the weather in Eastern Europe

Robert Anderson in Prague May 31, 2023

The French president tried to persuade sceptical East Europeans that they had nothing to fear from a Europe that was more self-reliant in security – and he almost pulled it off.

THE VIEW FROM MITTELEUROPA: Turkish result shows that 'all for one and one for all' is rarely the best tactic to bring down a strongman

Marcus How of ViennEast Consulting in Vienna May 29, 2023

The failure of the Nation Alliance under optimal conditions shows that 'big tent' coalitions under a single list often do not succeed in extending the opposition's reach.

Freedom House says Ukraine war threatens democracy across Emerging Europe

Clare Nuttall in Glasgow May 25, 2023

Democratic governance deteriorates in Emerging Europe and Central Asia, with worst declines in already authoritarian regions.

Main suspect in murder of Slovak investigative journalist acquitted again

Albin Sybera May 19, 2023

Verdict being seen as a major blow to the country’s anti-corruption efforts.

EBRD 2023: Bank to expand into the whole of Africa plus Iraq

Ben Aris In Samarkand May 18, 2023

The first investments are due to begin in six counties in sub-Saharan Africa in 2025.

EBRD cuts regional growth forecasts again but Central Asia still going strong

Clare Nuttall in Samarkand May 16, 2023

Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.

Slovak president to take legal action against opposition leader Fico after threats to her family

Albin Sybera May 11, 2023

Former premier Robert Fico has accused Caputova of being an American agent and of being linked to the far right's bogeyman George Soros.

Slovak president nominates central banker after PM quits

Robert Anderson in Prague May 7, 2023

Prime Minister Eduard Heger resigned when his position became untenable after a series of resignations from his caretaker cabinet.

NEMETHY: Some thoughts on inflation

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 7, 2023

I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that, on the balance of probability, we face an entire decade of high inflation.

Slovakia is in 'serious crisis', prime minister admits in nationwide address

Albin Sybera May 5, 2023

Heger's unannounced address appears to be an attempt to forestall President Zuzana Caputova appointing a technocratic cabinet to govern the country amid the growing chaos.

bneGREEN: Europe suffers second-worst year for wildfires since records began

bne IntelliNews May 4, 2023

Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.

EU Commission bans Ukraine grain exports to Central Europe

bne IntelliNews May 3, 2023

The grain crisis has been a huge embarrassment for the EU and in particular for its CEE members, who have otherwise been among the strongest supporters of Ukraine.

Emerging Europe on tentative recovery path from 2023

bne IntelliNews April 27, 2023

The Central, Eastern and Southeast Europe economies have largely digested the economic shock caused by the war in Ukraine and are heading for modest growth this year, says wiiw.

EU still among the largest importers of Russian oil products

bne IntelliNews April 26, 2023

New data shows that the EU is still among the largest importers of oil products from Russia, which are routed through 'laundromat' countries to avoid sanctions, according to the CREA.

European defence spending soars by 14% in 2022, says Sipri

bne IntelliNews April 25, 2023

Central and Western Europe spend more in real terms than in 1989, the last year of the confrontation with the Soviet Union.

bneGREEN: Poland, Romania and Bulgaria face highest decarbonisation transition risks, says Fitch

bne IntelIiNews April 25, 2023

Decarbonisation costs predicted to put up region's average debt/GDP levels by 7pp by 2030.