Belarus tests new BUK missile system as a low-key arms race in Eastern Europe gathers momentum
CSTO states express serious concern over terrorist threat in Afghanistan
Armenia refuses to host Eurasian Economic Union summit
COMMENT: Trump 2.0 could be a blessing for Belarus
PANNIER: Why the Turkmenistan, Iran gas “friendship” is back on
Russia’s CBR keeps key rate at 21% under pressure
Russia’s arms exports slump, Kremlin preparing for possible war with Nato
North Korea’s missile support to Russia raises alarms at UN
Ukraine invasion was ‘spontaneous’ and unplanned, Putin claims
Bulgaria’s interim PM Glavchev refuses to sign 10-year military support deal with Ukraine
North Korean troops face heavy losses in Russia-Ukraine War as conflict intensifies
Telia willing to sell its Latvian operations back to government if price is right
The EU Council calls for a European geothermal action plan
FDI in Emerging Europe hit by geopolitical uncertainty and German slowdown
IMF: The 2004 EU enlargement was a success story built on deep reform efforts
Czech National Bank keeps interest rates at 4%
Czech EPH signs agreement with Italian Enel to buy its stake in Slovenske Elektrarne
Hungary grants political asylum to fugitive former PiS minister
Hungarian households have joint lowest consumption levels in EU
Polish industrial production disappoints in November as output falls 1.5% y/y
Polish producer price deflation eases further in November
Slovak, Hungarian, Austrian and Italian groups sign declaration backing continued gas transit through Ukraine
Slovenia sets up emergency alert system after devastating floods
Athens conditions support for Albania’s EU accession on protection for Greek minority
EU Council says enlargement is a "geo-strategic investment in peace"
Bureks vs. Big Macs
BALKAN BLOG: What Grenell’s return means for US diplomacy in the Balkans
International highway tears through Bosnia’s rural heartlands
Russia reaps harvest of chaos in nearby democracies
Croatian Bosqar Invest acquires bakery Mlinar in €100mn deal
TikTok says it has stepped up moderation ahead of Croatian presidential election
Kosovo's population down 12% since 2011
Kosovo’s president slams EU’s “unfair” treatment
Moldova's economy shrinks by 1.9% y/y in Q3
Serbia faces backlash over controversial foreign agents bill
North Macedonia's central bank lowers key interest rate by 0.25 pp to 5.55%
North Macedonia’s ex-deputy PM Grubi reportedly flees to Kosovo to avoid detention in corruption case
Formation of ruling coalition in Romania faces deadlock as Social Democrats suspend talks
Turkey, Syria tandem could mean piped Qatari gas for Europe and a supercharged Middle East clean energy transition
Syrian-Kurdish SDF’s fighters from outside Syria will leave if Turkey agrees ceasefire, says commander
Istanbul cruise port debt “re-restructured”, banks take 49% stake
Growing Islamic finance in Central Asia to unlock GCC investment
INTERVIEW: Asian Infrastructure Investment Bank financing Central Asia’s green future
Award seen as Nobel Prize for human rights won by Kabul women’s rights activist and jailed Tajik lawyer
Corruption probe launched into Armenian satellite project
EBRD warns of risks for emerging markets pursuing industrial policies
Several top Armenian officials resign amid political shake-up
Azerbaijan trades barbs with French and US diplomats in online "Twiplomacy"
Azerbaijan’s Aliyev lines up with Russia and Trump, admits Georgia interference
Trial of seven AbzasMedia journalists begins in Baku
COMMENT: Could Iran open new fronts against Israel and Azerbaijan?
PROFILE: Georgian President Salome Zourabichvili
World Bank approves $350mn as Tajikistan bids to fund completion of $6.3bn Rogun mega hydro project
Russia sells stakes in Kazakhstan uranium JVs to China
Freedom Holding Corp brings FIDE world rapid & blitz chess championships to Wall Street
Adylbek Kasymaliev appointed new chief of Kyrgyzstan’s cabinet ministers, predecessor dismissed amid tax corruption scandal
Decades-old Kyrgyzstan, Tajikistan border dispute could be over
Kyrgyzstan: MPs seem willing to give police a free hand
Hit indirectly by sanctions, Mongolia struggles to find workarounds
HESS: Mongolia’s unique success story between rock and a hard place at risk
Mongolia copper-gold discovery hailed for “globally significant” prospects
Tajikistan: Officials announce discovery of major rare earth deposits
Tajikistan: Rogun Dam is a white elephant in the making – report
COP29: Central Asian states losing arable land
Uzbek national arrested in Moscow bombing that killed Russian chemical defence chief Kirillov
Uzbekistan’s Moscow embassy “clarifying” details on man detained after scooter-bomb assassination of Russian general
Russia's budget oil breakeven price world’s second lowest as oil revenues recover
Southeast European countries look to Algeria to diversify energy supplies
Slovenia turns back to Algerian gas after flirtation with Russian supplies
“Silent demise” of world’s vast rangelands threatens food supply of billions, warns UNCCD report
IEA: Access to energy improving worldwide, driven by renewables
The hurricane season in 2024 was weird
Global warming will increase crop yields in Global North, but reduce them in Global South
Hundreds of millions on verge of starvation, billions more undernourished as Climate Crisis droughts take their toll
Global access to energy starts to fall for the first time in a decade, says IEA
Saudi Arabia hosts kingdom's first Africa summit, to boost ties, promote stability
Putin at 2023 Africa-Russia summit: Wiping debts, donating grain and boosting co-operation
EBRD 2023: Bank to expand into the whole of Africa plus Iraq
Botswana throws the diamond industry a lifeline
Nelson Mandela worried about natural diamonds, Leonardo di Caprio defended them, makers of lab-grown stones demonise them
Botswana’s 2,492-carat diamond discovery is golden opportunity to replicate legendary Jonker diamond's global legacy
Kamikaze marketing: how the natural diamond industry could have reacted to the lab-grown threat
Russia’s Rosatom to support nuclear projects across Africa at AEW2024
JPMorgan, Chase and HSBC reportedly unwittingly processed payments for Wagner warlord Prigozhin
Burkina Faso the latest African country to enter nuclear power plant construction talks with Russia
IMF: China’s slowdown will hit sub-Saharan growth
Moscow unlikely to give up Niger toehold as threat of ECOWAS military action looms
Overcoming insecurity to unlock the Central African Republic’s mineral riches
Russia funding war in Ukraine via illegal gold mining in Africa – WGC report
Rain, rain go away
Africa, Asia most people living in extreme poverty
10 African countries to experience world’s fastest population growth to 2100
EM winners and losers from the global green transformation
Russia blocks UN Security Council resolution on Sudan humanitarian crisis
G20 summit wraps up with a joint statement strong on sentiment, but short on specifics
Malaysia seeks BRICS membership
SDS storms fed by sand and dust equal in weight to 350 Great Pyramids of Giza, says UNCCD
Southern Africa has 'enormous' potential for green hydrogen production, study finds
Kazakhstan has no plans to join BRICS, says Astana
Sri Lanka to apply for BRICS membership
How France is losing Africa
Gabon coup attempt after the re-election of President Ali Bongo
Guinea grants final approvals to Rio Tinto for $11.6bn Simandou iron-ore project
Kenya’s untapped mineral wealth holds the promise of economic transformation
US adds 17 Liberian-flagged bulk carriers and oil tankers to Russian sanctions-busting blacklist
Panama and Liberia vying for largest maritime registry
Force majeure at Libya’s Zawiya Refinery threatens exports and oil expansion plans
Russia, facing loss of Syrian base for Africa operations, seen turning to war-torn Sudan or divided Libya
Libya’s mineral riches: unlocking a future beyond oil
Ukraine claims it was behind massacre of Wagner Group mercenaries in Mali
Can Morocco's phosphate wealth put it at the centre of the global battery supply chain?
Hajj aftermath: deaths, disappearances and detentions spark investigations across world
Sri Lanka's LTL Holdings targets African power sector
Russia's nuclear diplomacy binding emerging markets to the Kremlin
Can Niger's military junta seize the country's uranium opportunity?
Disaster season: heat waves sweep the world – in charts and maps
AI will be a major source of GHGs by 2030, says Morgan Stanley
Niger and beyond: Francophone credit delivers coup de grâce
The world has passed peak per capital CO₂ emissions, but overall emissions are still rising
Trump threatens BRICS with tariffs if they dump the dollar
SITREP: Middle East rapidly destabilised by a week of missile strikes
Colombian mercenaries trapped in Sudan’s conflict
Air France diverts Red Sea flights after crew spots 'luminous object'
COMMENT: Tunisia on the brink of collapse
Tunisian President Kais Saied re-elected for second term
WHO declares "global public health emergency" owing to mpox outbreak in Central Africa, new virus strain
Climate crisis-driven global food security deteriorated between 2019 and 2022 and is even affecting the US
South Korea’s won slides as martial law crisis sparks market turmoil
China unveils $71bn swap facility to revitalise flagging economy
Fukushima's forgotten victims as Japan shifts back to nuclear power
Balancing growth and sustainability: Southeast Asia’s energy dilemma
India’s second-largest clean energy company ReNew plans to go private
India's Competition Commission approves major steel industry acquisition
Trump vows to block Nippon Steel's $14bn bid for US Steel
China dismisses Trump's tariff threat, warns of 'no winners' in trade war
Iraq blocks IMDb website over 'immoral content' claims
Display unveils groundbreaking 50% stretchable screen: a game-changer for fashion and mobility
South Korean users flock to YouTube and Instagram as local platforms struggle
Bahrain and Iran to begin talks on normalising relations
Saudi Arabia, Bahrain and Kuwait set to offer Russians visa-free entry
Jaw-dropping discovery: 450,000-year-old tooth unearthed in Iran
China's COMAC eyes Saudi Arabia as launchpad for international expansion
Iranian ambassador claims US sets conditions on Syrian-Iranian relations
Syria's new leader al-Sharaa declares "end of Iranian project"
Iran to add 500MW solar capacity by year-end, targets 4GW expansion
ISTANBUL BLOG: After “conquering” Damascus, Erdogan turns his eye to the Kurds
Israeli settlers from extremist sect cross into Lebanon, IDF confirms
Trump keeping Erdogan “on his toes” over unfolding Syria events, says analyst
Iran's Khamenei gives Syria speech in front of women-only audience
Qatar-Turkey-Europe gas pipeline ambition could be back on following fall of Assad
As jubilant Syrian refugees in Turkey celebrate Assad downfall, analysts wonder what comes next in power vacuum
Erdogan sets Damascus as final target for “rebels” advancing in Syria
Kuwait greenlights tax deal with Iraq to prevent double taxation
Iran demands 'equal footing' with Kuwaiti and Saudi plans to drill for gas in Gulf
Middle East power grid struggles as demand hits record high
Iraq braces for severe heatwave with temperatures to reach 49C
How Assad turned Syria into a narco-state
So you want to get on the right side of Donald Trump? Try gift-wrapping a hotel
ANALYSIS: Regional escalation on the table following Israeli strike on Iran
Sea of Oman oil terminal boosts export resilience amid tensions with Israel
Israel establishes “winter military positions” in Syrian territory
New Syrian authorities accuse Israel of unlawful attack on country
Israel attacks more than 250 military targets in Syria in 48 hours
COMMENT: A stable Syria could become a major energy hub
Saudi Arabia extracts lithium from oilfield runoff, plans commercial pilot
Saudi Arabia wins 2034 World Cup bid, beating Australia
UPDATED: Syria's former president Assad arrives in Moscow
Israel launches biggest strike in Yemen, killing 40 people
TEHRAN BLOG: Pezeshkian's dilemma over Haniyeh's assassination
Iranian foreign ministry condemns Haniyeh's assassination in Tehran
Reactions to the killing of Haniyeh in Tehran
Latin America set for tepid growth as Trump tariff threat looms, ECLAC says
Latin America urged to boost tax take and private investment to close development gap
IMF: Breaking Latin America’s cycle of low growth and violence
COMMENT: Trump’s White House picks signal rocky start with Latin America
Latin America trapped in low growth cycle, ECLAC warns
Bolivian ex-president Evo Morales faces formal charges of human trafficking
Geothermal energy poised for major global expansion, says IEA chief Fatih Birol
US-Cuba rum war spills over as Biden law stirs Havana Club row
Brutal gang violence over failed voodoo spell claims nearly 200 lives in Haiti's capital
Mexican cartel boss who created fearsome Zetas returns to face justice after US deportation
Paraguay stands firm with Taiwan amid growing Chinese pressure
Murder exposes secret prostitution ring in Peruvian Congress
Protests in Bangladesh escalate, demanding president leave office
Bangladesh tribunal issues arrest warrant against ousted PM Sheikh Hasina
World Bank says Bangladesh GDP growth to shrink in FY25
US imposes preliminary duties on Southeast Asian solar imports
COMMENT: From Globalisation to “slowbalisation” as FDIs decline on trade and geopolitical woes
Angkor Archaeological Park attracts nearly 700,000 foreign tourists in nine months
Blinken warns Taiwan crisis could trigger global economic turmoil
Iran boosts oil, gas output amid US crackdown on sales
Peru's APEC summit exposes trade tug-of-war between Beijing and Washington
Rising gold ETF inflows set to drive global bullion prices
Russian exports of diamonds to Hong Kong up 18-fold in 5M24
Gazli Gas responds to reports on Uzbekistan project, refutes any suggestion sanctioned individuals are involved
Valuation questions raised over Blackstone's $2.1bn IPO of India’s International Gemmologist Institute
INTERVIEW: Jeet Chandan, co-founder of Indian investment platform BizDateUp
Where does nuclear power-use stand in post-COP29 Asia?
Boldly brewing where no one has brewed before: Japanese sake to be made in space
South Korean president impeached, Constitutional Court to sit December 16
Japan plans tax hike to fund $280bn military buildup
BCPG to invest $945mn in power projects, prioritising clean energy
Malaysia’s industrial growth slows in October following mixed sector performance
Myanmar junta to allow observers for controversial 2025 election amid ongoing conflict
Nepal floods - death toll rises to 209
Kolkata hospital rape and murder case sparks international outcry, raises questions
South Asia hit by floods and landslides after heavy rainfall
Russian pivot to the Global South includes unscrupulous army recruiting practices
North Korean troops suffer casualties in Ukraine conflict
South Korea intensifies military drills to bolster defences against North Korean drone threat
Security personnel dead as Imran Khan’s supporters breach Islamabad lockdown
Pakistan could quit TAPI as India now “extremely lukewarm” on gas pipeline project, says report
Papua New Guinea tribal conflict leaves 30 dead amid gold mine dispute
Thousands evacuated as Mt. Kanlaon erupts, threatening more explosive activity
South Korea's acting president rejects six controversial bills amid growing tensions
Korean won dips to crisis levels amid US rate cuts and market volatility
Sri Lanka’s merchandise exports in October up 18.22%
Taiwan boosts defence with advanced Abrams tanks amid rising Chinese tensions
Vietnam faces challenges in meeting carbon emission targets
German Prosecutors Confirm Termination of Money Laundering Investigation Against Alisher Usmanov
Comments by President of the Russian Fertilizers Producers Association Andrey Guryev on bilateral meeting between Indian Prime Minister Narendra Modi and Russian President Vladimir Putin
PhosAgro/UNESCO/IUPAC green chemistry research grants awarded for the 8th time to world's best young scientists
PhosAgro Tops RAEX ESG Ranking
Download the pdf version
Try PRO
With the 30th anniversary of the fall of the Berlin Wall due in November, the international pollster the Pew Research Center has released a report looking at how attitudes to democracy, liberal values and market economies have developed in the last three decades. The results are depressing. While all the countries in emerging Europe have made progress there is a still a fault line that runs roughly along Ukraine’s western border and down to the Black Sea where everything to the west is much more liberal and everything to the east remains mired in traditional illiberal mores, grounded in the Orthodox church’s conservativism.
Changing people’s attitudes is a work in progress and it can take generations. While very few people in New Europe regret the end of the old totalitarianism and centrally planned economies, they are not exactly happy with the new system either. The collapse of the Soviet Union brought destitution and suffering to hundreds of millions of people that they have not forgotten and the competitive nature of the mercantile capital system has favoured the young, but failed to materially improve the lives of those who were in their 40s and above in 1991. There is still a lingering resentment amongst many, especially the older generations. And even the young, the big winners from the changes, are caught between two worlds as they embrace the challenges of the new system, but were brought up with the values of their parents.
“Thirty years ago, a wave of optimism swept across Europe as walls and regimes fell, and long-oppressed publics embraced open societies, open markets and a more united Europe. Three decades later, a new Pew Research Center survey finds that few people in the former Eastern Bloc regret the monumental changes of 1989-1991. Yet, neither are they entirely content with their current political or economic circumstances,” Pew said in its latest report entitled “European Public Opinion Three Decades After the Fall of Communism.”
One of the first results to jump out of the research is those countires in Central Europe that joined the EU in 2003 have been big winners and their populations are pretty happy with the changes since then.
Asked if they approved or disapproved of the switch to multiparty systems and the market economy, the support for both was overwhelming in countries like Poland (85% approve of multiparty politics, 8% disapprove; 85% approve of market economy, 8% disapprove), Czechia (82%, 11%; 76%, 16%) and Hungary (72%, 20%; 70%, 19%).
Meanwhile, when asked if the principles of democracy – such as fair judiciary, gender equality, opposition parties – were important, Russians consistently marked these down as the least important to them of anyone polled by Pew.
However, the populations of the countries to the east have not enjoyed the large infrastructure grants and grafting of functioning institutions that come with EU membership, and have been left mired in a bureaucratic and corrupt system. They are a lot less impressed with the changes.
In Russia the population is pretty evenly split between support for the new system with a slight bias towards “things were better before” as nostalgia for the sureties of communism linger (43%, 48%; 38%, 51%). Russian respondents hanker after the certainties of the socialist system: the quality of products and services were inferior to those in the west, but they were guaranteed. There was a social safety net that served everyone, whereas in the market economy it is possible to fall through the holes and especially in the 90s many struggled to simply keep their heads above water. Indeed, it is notable that in Russia the majority (51%) disapprove of the market economy versus 38% that approve of it.
In Ukraine, which has ousted two presidents with two popular revolutions, the support for multiparty politics is stronger with the majority (51%) supporting the plurality of their political system, against the third (35%) that oppose it, but as the poorest country in Europe, the support for the market economy is less strong (47%, 38%).
“These questions about democracy and a market economy were first asked in 1991, and then again in 2009. In a few nations – Hungary, Lithuania and Ukraine – support for both declined between 1991 and 2009 before bouncing back significantly over the past decade. Russia is the only country where support for multiparty democracy and capitalism is down significantly from 2009,” said Pew.
Support for the changes in Central Europe is easier to win as the region has been enjoying a boom over the last half decade that has lifted everyone. The noughties were also a euphoric time in Eastern European as the chaos caused by the collapse of the Soviet Union faded and incomes grew by about 10% a year, creating a middle class in the process. But since 2008 those economies have suffered several setbacks and both Russia and Ukraine in particular saw their economies hit by huge shocks – although entirely different in nature – that dramatically set back the standard of living.
“Most Poles, Czechs and Lithuanians, and more than four-in-ten Hungarians and Slovaks, believe the economic situation for most people in their country today is better than it was under communism,” says Pew. “However, in Russia, Ukraine and Bulgaria, more than half currently say things are worse for most people now than during the communist era.”
And the benefits of the change have not been evenly distributed. The middle aged and pensions were big losers from the collapse of the Soviet Union, while the young have been able to take up the opportunities of the new system, but the really big winners were the elite and the insiders.
Russia has the world’s highest levels of wealth inequality, surpassing the US and China, the Credit Suisse Research Institute’s annual review reported in October. An estimated 83% of Russia’s wealth is now owned by its richest decile despite the country’s modest average wealth, the financial services company said in a report – higher than 76% for the US which is the second most unequal.
Those men (and only two women) in the right place in the 90s became overnight billionaires and today there are 110 billionaires, while the number of millionaires rose from 172,000 to 246,000 between mid-2018 and mid-2019, according to Credit Suisse.
The obvious corruption of the elites contributes to the general apathy towards democratic values in the east. However, it is not limited to New Europe as the respondents from several western countries like Greece and Spain see their elected representatives as just as corrupt, or more so, than the countries of Eastern Europe.
Sex and religion
While almost everyone in New Europe agrees that the standards of life, education, and approval of capitalism has improved in the last three decades, when it comes to the family values package the fault line between eastern and western mores is thrown into sharp relief.
The acceptance of homosexuality is the touchstone issue that illustrates the difference best. While alternative sexualities are almost universally accepted in Western Europe, they are tolerated in the EU accession countries, and more so each year, but cross the Ukrainian border and societies as a whole reject open homosexuality.
“Across Europe, attitudes on some topics reflect a sharp East-West divide. On social issues like homosexuality and the role of women in society, opinions differ sharply between West and East, with Western Europeans expressing much more progressive attitudes,” Pew said.
As bne IntelliNews wrote in an op-ed in 2014 “The 50-year fight for gay rights” it will take several generations to shrug off the deeply rooted homophobia that pervades Eastern Europe, as it took several generations for the west to comes to terms with alternative sexualities, since the civil rights movement took off in the 60s. However, progress, in Central Europe at least, is being made as bne IntelliNews reported this year on the record crop of gay pride marches held in New Europe.
EU member states are mostly united in their support for the broad European project. The EU gets largely favourable ratings, most say membership has been good for their countries, and most believe their countries have benefited economically from being a part of the EU.
And most in the region think there is more progress in store and are more optimistic about an economic improvement ahead for their children than in the west. Around six-in-ten Ukrainians, Poles and Lithuanians believe that when children in their country grow up, they will be financially better off than their parents. In contrast, roughly a quarter or fewer hold this view in Greece, Spain, Italy, the UK and France, Pew found. However, it is Ukraine and Russia that really stand out from the crowd. Despite Ukraine’s turn to the west, it still shares far more values and prejudices with Russia than it does with any EU country.
“The two former communist nations in the survey that have not joined the EU – Russia and Ukraine, both of which were part of the Soviet Union – look very different from the EU nations surveyed on a number of measures. They are less approving of the shifts to democracy and capitalism, less supportive of specific democratic principles and less satisfied with their lives,” Pew said.
When asked to reflect on their country’s EU membership, respondents mostly say it has been a good thing, especially in Germany, Poland and Spain, where at least two in three express this view. In contrast, only half or fewer believe membership has been good in Italy, the UK and the Czech Republic.
Publics are somewhat more lukewarm about the economic impact of EU membership. When asked whether the economic integration of Europe has strengthened or weakened their country’s economy, a median of 56% across the 14 member states surveyed say it has strengthened it. However, just 42% in France, 35% in Greece, 25% in Bulgaria and 22% in Italy share this opinion.
Register here to continue reading this article and 8 more for free or purchase 12 months full website access
Register to read the bne monthly magazine for free:
Already registered
Google Captcha Failed!
Password could contain only a-z0-9\+*?[^]$(){}=!<>|:-_ characters and have 8-20 symbols length.
Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.
Forgotten password?
Email field can't be empty.
No user with this email address.
Access recovery request has expired, or you are using the wrong recovery token. Please, try again.
Access recover request has expired. Please, try again.
To continue viewing our content you need to complete the registration process.
Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.
If you have any questions please contact us at sales@intellinews.com
Sorry, but you have used all your free articles fro this month for bne IntelliNews. Subscribe to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free subscription to bne's digital weekly newspaper to subscribers to the online package.
Click here for more subscription options, including to the print version of our flagship monthly magazine:
More subscription options
Take a trial to our premium daily news service aimed at professional investors that covers the 30 countries of emerging Europe:
Get IntelliNews PRO
For any other enquiries about our products or corporate discounts please contact us at sales@intellinews.com
If you no longer wish to receive our emails, unsubscribe here.
Magazine annual electronic subscription
Website & Archive annual subscription