bneGREEN: EU bans petrol and diesel cars from 2035 as Green Deal law moves forward

Richard Lockhart in Edinburgh July 2, 2022

The EU Council of Ministers has agreed to an effective ban on the sale of petrol and diesel cars from 2035, overcoming last minute opposition from a group of five countries.

Volvo to build €1.2bn new assembly plant for electric cars in Slovakia

bne IntelliNews July 1, 2022

Slovakia – already the world's largest car manufacturer per capita – wins a fifth big car plant.

Slovak government approves €1.6bn purchase of armoured vehicles from Sweden

bne IntelliNews July 1, 2022

The need for modern infantry fighting vehicles has become even more pressing since Russia's invasion of Ukraine.

CEE Economic Sentiment Indicators fall on polycrisis woes

bne IntelliNews June 30, 2022

The European Commission’s Economic Sentiment Indicators (ESI) for Central and Eastern Europe (CEE) fell in May as the polycrisis hitting the world took its toll on economies across the entire region.

Nato agrees 'fundamental shift' to counter Russia

Robert Anderson in Prague June 29, 2022

Security alliance’s leaders agree a big increase in troop deployments on its Eastern Flank, more help for Ukraine in its defence against Russian aggression, and a new Strategic Concept.

bneGREEN: Five countries seek delay for EU petrol and diesel ban

Richard Lockhart in Edinburgh June 29, 2022

Italy, Portugal, Slovakia, Bulgaria and Romania are seeking to push back by five years EU proposals to slap a ban on selling new petrol and diesel cars from 2035.

Slovak unemployment rate at its lowest level since 2020

bne IntelliNews June 21, 2022

Unemployment went down by 0.19 percentage points to 6.35% in May.

World hit by interest rate and inflation shock says IIF

Ben Aris in Berlin June 20, 2022

The world’s economy is being hit by an inflation and interest rate shock that shows no sign of abating, Institute of International Finance (IIF) said in a recent paper.

ASH: Welcome to the new age of inflation

Timothy Ash Senior Sovereign Strategist at BlueBay Asset Management in London June 17, 2022

The debate around inflation is centre-stage at present, with headline and PPI inflation soaring globally in response to a range of factors but including climate change/transition and Covid-related supply disruptions.

Slovak inflation rate hits 22-year high in May

bne IntelliNews June 16, 2022

Slovak inflation hit 12.6% in May, up for the sixteenth consecutive month. Monthly growth of consumer prices was 1.6% in May.

Slovak industrial production down by 9.6% in April

bne IntelliNews June 14, 2022

Month-on-month, after seasonal adjustments, industrial output fell by 1.2%.

bneGREEN: EU to use €2.4bn of carbon credit cash to fund green projects in CEE

Richard Lockhart in Edinburgh June 9, 2022

The EU’s Modernisation Fund is to provide €2.4bn raised from the proceeds of the EU Emissions Trading System (ETS) to seven Central and East European countries to help them meet their 2030 climate and energy targets

CONFERENCE CALL: Globsec basks in Putin's humiliation

Robert Anderson in Prague June 6, 2022

In contrast to previous conferences of the Bratislava-based security think-tank, there was a feeling that the West is no longer on the back foot and that now is the time to press home its advantage.

Russia's invasion of Ukraine pushes Eastern Europe further towards the West

Robert Anderson in Prague June 3, 2022

But close to half of Globsec Trends 2022 poll respondents in Hungary, Bulgaria and Slovakia do not place primary responsibility on Russia for the war in Ukraine.

CEE companies weather the COVID-19 crisis

Robert Anderson in Prague May 23, 2022

Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.

Slovak jobless rate in April at its lowest level in past two years

bne IntelliNews May 22, 2022

Unemployment down from 6.67% in March to 6.54% in April.

Slovak inflation rate reaches its highest level since June 2000

bne IntelliNews May 15, 2022

Inflation hits 11.8%, up from the 10.4% recorded in March.

Slovak industrial output drops by 7.3% in March

bne IntelliNews May 11, 2022

Among the sectors, energy (down 29.7% y/y), car manufacturing (down 13.9% y/y) and petroleum-based manufacturing (down 25.6% y/y) fared worst.

EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

Slovak MPs reject prosecutors' request to strip ex-PM Fico of his immunity in Purgatory case

bne IntelliNews May 5, 2022

The vote is a huge blow to the ruling centre-right government and will greatly increase tensions within the fractious four-party coalition.