The energy crisis in Central and Eastern Europe has lost some of its bite after a mild winter and record LNG imports led to a slump in natural gas prices. The EU has made good progress in replacing Russian energy supplies.
More and more signs point to a new major Russian initiative to take Ukraine in the spring, including a possible attack on Kyiv. How could a major Russian offensive or a Russian victory in Ukraine challenge Europe?
Mercantilism is also replacing globalisation, and the US has a declining interest in European affairs.
The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.
Dealmaking in Central Europe is set to rebound, says law firm's long-standing Prague managing partner, as new kinds of investor move into the region.
Baltic states maintain trade in unsanctioned goods with their giant neighbour Russia since President Vladimir Putin’s invasion of Ukraine, despite their staunch opposition to the Russian aggression.
The Austrian lender, which has become more and more reliant on its Russian business over the years, is still rethinking its presence in the country.
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.
The weak macroeconomic backdrop and the spectre of possible recession are likely to stifle M&A in the coming months, according to the annual CMS/Emis Emerging Europe M&A Report.
Slovenia's retail sales went up by an annual 2.8% in December 2022, slowing significantly from the 7.4% y/y increase a month before.
The countries on Nato’s eastern flank believe they are now leading the debate on how to confront the Kremlin, as demonstrated by the row over supplying modern battle tanks to Ukraine.
Sovereigns move quickly to tap international capital as they anticipate rising yields later in 2023.
Europe faces another energy crisis that may start in the summer, leading gas and power prices to spike again. Europe won this winter’s battle in the energy war with Russian President Vladimir Putin, but will receive even less gas than last year.
Last year was a disaster for Europe as Putin’s energy war wreaked chaos on Europe’s economies by sending up gas prices 20-fold, fuelling run-away inflation and an energy crisis that drove millions into poverty. Another crisis could be coming.
The European Bank for Reconstruction and Development invested a record €13.1bn into its Emerging Europe and Eurasia region in 2022, the bank announced on January 12.
Hundreds of protesters currently trying to halt the continued development of a coal mine in Germany – which would involve the destruction of the now abandoned village of Lützerath – are putting pressure on the government to phase out coal use.
There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible, but there are some scary signs appearing.
Croatian Peasant Party leader Kreso Beljak says "shameful" price hikes after eurozone entry mean prices are now much higher than in Slovenia.
The development centre in Megnes, 15km from Ljubljana, will be Porton's first in Europe.