For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. This author, and others, predicted that “something will break”. Something did break: SVB
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
Women are underrepresented in the growing ICT and green energy sectors.
54% of Eurobarometer survey respondents think the switch to the euro was a good thing for Croatia, but 62% think it will increase the inflation.
Studenac aims to become one of Croatia's top three grocery retailers and increase its market share to over 12% though a combination of organic growth and acquisitions.
Croatia's economic growth started to slow in late 2022 after robust expansion earlier in the year.
After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.
How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.
The growth of wind and solar power has helped to cut natural gas costs by €12bn ($12.7bn) in the EU since Russia invaded Ukraine just over a year ago.
Germany's Deputy Chancellor, Robert Habeck, announced that Berlin will crack down on EU companies that dodge Western sanctions on Russia, as governments become increasingly alarmed at the scale of the sanctions leakage, the Financial Times reported.
The euro sovereign and supranational, sub-sovereign and agency (SSA) green bond market is maturing after a turbulent 2022. Supply levels have stabilised and there are signs that it is finally matching demand.
The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.
Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.
Popular maths app has already raised funding from Silicon Valley venture capital firms.
Officials have repeatedly criticised retailers for using Croatia's euro adoption in January as a pretext to hike prices.
The EBRD lowered its forecasts for more than half its 36 countries of operation, anticipating average growth of just 2.1% this year.
Central and Eastern Europe has experienced a sharp downturn in GDP in the fourth quarter of 2022 figures, but while the worst of the economic decline has passed, the region is likely to stagnate this year.
Multinationals typically try to find loopholes in employee rights for their operations in Eastern Europe, preventing wages converging with Western European levels.
The surge in energy prices has significantly lifted headline inflation rates in the UK and Eurozone through the direct impact on household energy bills. However, there is a time lag to the feed through to consumer inflation.
The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.