Turkish growth is expected to slow to 3.5% this year, from a forecast 9.5% in 2021, while for Russia, GDP growth is forecast to slow to 2% from 4.5%.
Dealmaking returns to pre-pandemic levels as confidence recovers and low interest rates and big cash piles push up valuations.
The US Fed has not increased interest rates, just talked of increasing rates – not even by that much — and global stock exchanges lost $4.2 trillion in week. How can the Fed kill off the current high inflation without crashing the economy?
Since the scandal broke, the Polish government has gone from denying any knowledge of Pegasus to admitting that Poland had bought it but not used it for political purposes.
Capital Economics predicts 6.8% GDP growth in 2022.
December figures may point to the high inflation beginning to subdue consumption or to households holding back spending after increased spending in November.
Westinghouse is one of three companies looking to build four to six reactors by the mid-2040s in order to reduce the carbon intensity of electricity generation.
The expansion shot up well above the consensus line of 13% y/y.
The PPI climbed to the highest point since the late 1990s.
Advent International, which bought Zentiva for €1.9bn in 2018 is reportedly considering selling the generic drugmaker for €3.5bn.
The number of new COVID-19 cases in Poland jumped 72% week-on-week
With inflation expected to climb further to 10% y/y in January-February, at least one more interest rate increase is virtually certain.
Central Europe faces a critical year, with a key election in Hungary in April, while rumbling political instability in Poland and Slovakia could lead to early elections.
Poland is about to enter another election cycle amidst the apparently accelerating disintegration of the Law and Justice led government, which is fighting an increasing number of battles at home and abroad.
A group of sustainable investors has urged the EU to exclude gas from the new the EU Taxonomy green investment classification system.
Current Nationally Determined Contributions (NDCs) are nowhere near enough to keep global warming within the 1.5°C target
Orlen’s next goal is taking over oil and gas exploration and production company PGNiG to build a regional oil major.
They temporarily ease the negative impact of high inflationary pressure, but do not reduce price growth over the long term.
Government remains wary of tightening curbs as they would annoy parts of its electorate, with masks and indoor restrictions largely unenforced.
New CEO Ladislav Bartonicek is reported to be selling Home Credit Russia as part of the investment group's shift to more mature markets.