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European sanctions go through a process of continuous maturation and updating, adapting to current geopolitical sensitivities. European actors are accelerating efforts to adopt the eleventh sanctions package.
“Ukraine’s victory will trigger something big – a change of regime not only in Russia, but in Belarus too.”
Lithuanian opposition parties are demanding that the governing coalition resign before they consent to early elections.
Ruling Homeland Union party says it will push for the coalition government’s resignation unless snap polls are held.
Move aimed at increasing attraction to international investors as part of a plan to upgrade the capital markets from frontier to developed market status.
Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.
Fires in 45 countries burnt an area the size of Montenegro, with Ukraine, Spain and Romania the worst affected countries.
Central and Western Europe spend more in real terms than in 1989, the last year of the confrontation with the Soviet Union.
Prices have declined since the hike in gas and commodity prices last year forced many industries to reduce or suspend activity, causing industrial output to drop.
Budapest defies EU again and signs new agreements to ensure the uninterrupted supply of Russian gas and crude oil and to amend the financing of the Paks nuclear power plant expansion.
There is no end in sight yet to the war in Ukraine, but governments and businesses in Central and Southeast Europe are already eyeing potential contracts when the war finally does cease and rebuilding on a massive scale can start.
Romania’s trade deficit narrowed by 5.3% y/y in January-February amid a combination of lower oil prices, lower imports of natural gas and subdued industrial activity.
First official visit abroad since Russia attacked Ukraine in February last year.
Move clears way for Finns, who have a 1,340-kilometre border with Russia, to obtain membership in alliance by mid-July.
Eurostat report shows Romania experienced four years of industrial decline after COVID-19 pandemic struck, following years of sluggish growth.
Bloc concerned Russian arms industry is stripping down imported household appliances and used cars for microchips and other spare parts.
Romania’s GDP per capita soars to 77% of EU average, up from just 57% in 2012.
Belarus President Alexander Lukashenko has ramped up his brutal repression with a series of raids on opposition leaders and politically motivated jailings that has led the UN to accuse his regime of “crimes against humanity.”
Russia and China will struggle for common policy on possible Russian soft underbelly Central Asia, Afghanistan, Mongolia, the vital Europe/Asia Caucasus crossroads, the Baltics, CEE and SEE.