Mounting economic woes and government interventions have pushed the banking stock index down more than 36% in the year to date.
Temperatures in Europe broke through the 40°C mark in mid-June, stoking fears of record-breaking summer heat waves that could endanger lives and threaten food supplies whilst providing further proof of the effects of man-made global warming.
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.
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.
Polish CPI growth accelerated 1.5pp to 13.9% y/y in May, with analysts now pencilling in 15%-16% y/y peak CPI growth in August or September.
Wargaming closed its studios in Russia and Belarus following the military invasion of Ukraine, and is now adding new studios in Central and Southeast Europe.
There is a widespread feeling of ‘business as usual’. There is very little sense of impending doom. This confidence is misplaced.
54% of Bulgarians don't want their country to switch to the euro, despite plans to enter the eurozone in January 2023.
Maintaining a healthy planet and ensuring prosperity for all requires a renewed emphasis on reducing environmental impact, sustainability and changing the way the current economic system works.
A total of 19 European governments have accelerated their decarbonisation policies in response to a combination of the COVID-19 pandemic, the gas crisis and Russia’s invasion of Ukraine.
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
Energy efficiency must play a central role in meeting the world’s emissions reduction and renewable energy targets.
The conflict in Ukraine and high inflation threaten the global economy with stagflation similar to that experienced in the 1970s, according to a new World Bank forecast.
The new pipeline will link the gas-rich fields of the Norwegian Continental Shelf to Poland via Denmark, and enable the country to replace roughly the equivalent of Gazprom’s supplies.
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.
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.
The G7 has agreed to “predominantly decarbonise electricity sectors by 2035,” and to end government financing for international coal-fired power generation and speed up the phase-out of unabated coal plants by the same year.
Poland's Purchasing Managers' Index dropped 3.9 points to 48.5 in May.
Poland has reformed disciplinary regime for judges to meet EU concerns over their impact on the rule of law, but still has to reappoint sacked judges and prove new system will not be politicised.
Tight labour market is expected to give ever stronger momentum to wage demands to compensate for inflation.