A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.
As consolidation continues apace in the Russian food retail market, a dramatic shift in consumer behaviour is keeping sector leaders on their toes.
It’s one thing encountering fakes and disinformation online, it’s quite another when someone fabricates a fake that strives to destroy your own life and career. This is what has just happened to me – a journalist with 20-year experience.
Several years ago, a young deputy minister started his description about the Russian economy by saying: "The good news about the economy is that it is stable.” After a brief pause, he added: "The bad news about the economy is that it is stable."
Recurring import bans by the Russian agricultural watchdog attest to a problem with Moscow’s idea of free trade.
Neighbouring markets could be tapped as part of the global refugee fundraising effort, and bridge the tens of billions of dollars annual gap in UN appeals.
The Russian government approved a list of 42 strategic initiatives for socio-economic development of the country on October 7. Their aim, according to the official announcement, is “to improve people’s quality of life."
Russia's exceptionally strong current account surplus helped the ruble outperform its peer currencies in 3Q21 and is likely to keep doing so in 4Q21. As a result, we see USDRUB appreciating to 70.0-71.0 in the coming month.
That naughty Vladimir Putin is up to his tricks again. Not weaponising football hooligans or COVID vaccines this time, but gas. Politicians are queuing up to blame Russia. The trouble is, this is not just bad analysis but also bad politics.
Energy prices have seen significant strength recently. European gas prices have rallied 94% during September, taking them to record levels. Oil and coal have also strengthened.
Consumption was the key driver of the 2Q21 economic recovery and remains so in 3Q21, with August employment and retail trade above expectations ahead of the likely spike in September.
Thirty-eight Ukrainian politicians are named in the Pandora Papers, including President Zelenskiy himself. In fact, Ukraine had more politicians pop up in the leak than any other country in the world.
Whoever wins the election, the energy lobby will continue to slow down the country's transformation to a carbon-neutral future.
Not much is heard in the West from opposition parties in the South Caucasus country. There are plenty of them, but “immaturity” means none have made a big breakthrough, says ReAl official Natig Jafarli.
Phase I re-rating has seen listed equities go from “never should have been so cheap” to now value-oriented and buttressed by strong profit growth profiles.
Despite the recent spike in oil and gas prices, Russia will limit mandatory FX purchases to $4.4bn, significantly lower than the $9-10bn monthly current account surplus that is to be expected for 4Q21 to support the currency.
Iranians have learnt the hard way that water shortages cannot be mitigated only by increasing water supply – it’s also important to manage water demand.
Polish inflation is set to keep rising in the coming months, nearing 7% by December 2021. We see average CPI in 2021 at 4.75% y/y and at 4.5% y/y in 2022. The NBP may quite likely under-deliver with tightening vs elevated market expectations.
Without a comprehensive normalisation of relations between Serbia and Kosovo, tensions will continue to fester and the daily lives of Kosovo’s Serbs and Albanians alike will be sorely affected.
The price of gas in Europe has increased dramatically in recent weeks, influenced by surging demands and insufficient production. The price of North Sea Brent crude approached the level of $80 per barrel for the first time in three years.