Ales Michl, who will take charge from the July monetary council meeting, has been an outspoken opponent of interest rate hikes. This could mean the next council in June will take the opportunity to hike rates before he takes over,
The majority of the delegates at a closed session of the EBRD board of governors walked out of the hall when the EBRD’s Russian director Sergey Verkashanskiy insisted on speaking at the annual meeting in Marrakech on May 11.
Kosovo is set to achieve the third-fastest growth in emerging Europe after gas-rich Eurasian countries Azerbaijan and Turkmenistan this year. Minister of Finance Hekuran Murati explains why.
European Trade Commissioner Valdis Dombrovskis says sanctions on hydrocarbons will get "to the heart of the Kremlin war machine financing".
Part of Russian natural gas transit flows to Europe via Ukraine were halted due to the war on May 11, sending European gas prices spiking.
Banks set to be forced to give four monthly credit holidays this year and four in 2023.
The war in Ukraine is spilling out to affect the economies of the entire catchment area of the European Bank for Reconstruction and Development, which includes Emerging Europe, Central Asia and North Africa.
Cash-strapped government has, meanwhile, ended subsidies for imported wheat, sparking warnings impact on bread and pasta prices could lead to unrest.
Pro-Ukrainian activists staged a die-in protest during Russian Victory Day commemorations in Berlin on May 9.
The Berlin police backtracked on their initial ban regarding the display of national flags and symbols during Victory Day celebrations on May 9.
Bulgaria want to delay implementation of the ban on Russian oil imports planned by the EU so that its sole refinery, Lukoil Bulgaria, gets time to adjust to process other type of oil.
Orban's favourite oligarch wins motorway management tender in which apparently no other bidders competed.
Maia Sandu seeks to reassure population following unexplained explosions in separatist Transnistria and pro-Russian initiatives by lawmakers in the autonomous Gagauzia region.
OTP booked a total of €190mn in provisions and €237mn in writedowns in Q1, largely due to exposure to Russia and Ukraine.
Sacked for his pro-Russian stance, Stefan Yanev says his Bulgarian Rise party will “defend Bulgaria’s dignity”.
Meanwhile, the e-commerce company is in talks to re-structure its eurobonds.
The €500mn pipeline will enable the Baltic states and Finland to receive pipeline gas from Western Europe for the first time.
The fundamental problem remains that the government has done little to lessen its dependence on Russian energy sources over the past 12 years; if anything, it has deepened its dependence.
Polish central bank, by also hiking 75bp, opted for a smaller hike than expected.
Societe Generale is the first of the major European financial groups to have found a way to quit Russia, with Austria’s Raiffeisen Bank and Italy’s UniCredit still at the crossroads.