The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.
The reading is the first y/y easing of the index since June 2021.
Sharp slowdowns in the expansion of private consumption and investment lead to growth easing from 5.6% in Q2.
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Contrasting stances demonstrate differences within Czechia on how to respond to Budapest's collaboration with Moscow.
COP finished two days late on November 20 without any new agreements on climate change targets or emissions reductions, although a deal was hammered out to set up an as yet uncosted loss and damage fund.
Reducing coal consumption is the central challenge to achieving the world’s climate targets, Fatih Birol, executive director of the International Energy Agency, told COP27.
The UN has identified greenwashing by business and finance as the biggest danger facing the race to net zero, urging them to avoid a toxic cover-up and to ensure that any climate pledges they keep are in line with the 1.5-degree targets.
Link-up with Geely seen as vital in helping Poland join the electric vehicle revolution.
In m/m terms, core inflation grew 1% in October, easing versus a gain of 1.4% m/m in September.
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
The Polish statistics office confirmed its estimate of October CPI at 17.9% y/y and inflation continues to rise without let-up. However, the economy has avoided recession yet again, although the road ahead is bumpy.
Falling inventories weigh on economic activity in the second half of the year after strongly pushing up growth in Q1.