Poland, Ukraine, Vietnam and a host of other major coal-burning countries made clear commitments to phase out coal power in the coming years, as the UK presidency of COP26 claimed that “the end of coal is in sight”.
The EBRD has increased its 2021 GDP growth projection for the emerging Europe and SEMED regions where it operates to 5.5% after a strong performance in H1.
Fast-rising inflation – with y/y growth in October clocking in at 6.8%, a 20-year high – is finally pushing monetary policymakers to try to catch up.
Idea::Bank is the third bank purchased by Banca Transilvania, after Bancpost and Volksbank Romania.
Inflation hits highest point for 20 years, making another rate rise a done deal.
A new centre-left government in Berlin could help create a two-tier Europe, especially if it promotes rule of law penalties.
Poland and the EU are feuding over the former’s judiciary reforms, which, Brussels says, undermine the independence and impartiality of the judges.
A majority of G20 net-zero pledges made so far are not strong enough and are not backed up by meaningful and effective promises of action.
Poland plans to more than double the size of its military to at least 250,000 troops, the country’s defence ministry said.
In a resolution on the EU’s strategy for cutting methane emissions, MEPs voted 563 to 122 in favour of introducing binding measures and targets on methane abatement, in order to significantly reduce emissions by 2030, in line with Paris goals.
Only half the population has been vaccinated and the least vaccinated regions also happen to be the most pro-government.
Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.
Data shows the strength of Polish industry and its resilience to bottlenecks in the supply of raw materials and intermediate goods.
The energy transition provides a great opportunity for the metals industry. Investment in clean energy technologies will boost metals demand. However, while the sector will play a crucial role, it will need to address its own emissions.
Prime Minister Mateusz Morawiecki defends Polish position in European Parliament as European Commission President Ursula von der Leyen warns that the EU will not hesitate to withhold funding.
While the current gas crisis in the EU sees record-high wholesale gas prices, hurting consumers and causing the latest round of a supply disputes with Russia, the race to net zero by 2050 could have deeper long-term consequences for EU gas demand.
Inflation picks up 0.5pp versus the preceding month to a 20-year high.
Annual CEE Strategic Transformation Index puts Slovenia top in CEE (after Austria), followed by Czechia and Poland.
EU’s pro-nuclear member states want nuclear energy to be included in the bloc's green taxonomy as a way to ameliorate climate change.
Protests follow ruling by the Constitutional Tribunal that the Treaty of the European Union contravenes the Polish Constitution.