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Budapest claims that the move "hurts the cherished unity of Nato".
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.
Romania’s fiscal policy continues to consolidate and borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost the same as last year. Romania is the region's leader with 44% of planned bonds.
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.
Since communism collapsed and Georgia achieved independence, we have only too often witnessed an ambivalence about the country's future direction among its ruling elites.
Automotive production rose 20.3% y/y as headline industrial output confirmed to have inched down 0.2% y/y in January.
As economic and political pressure on Serbia to join Western sanctions on Russia grow, Serbian Economy Minister Rade Basta took the unexpected step of calling for Belgrade to impose sanctions.
Vienna is giving the impression that it is struggling to decouple its interests from Russia, if not actively avoiding doing so.
The forint’s 3% intraday plunge following the collapse of Silicon Valley Bank underscores the vulnerability of the currency despite the highest lending rates in the region.
The US has become increasingly worried by anti-American rhetoric from senior Hungarian officials and pervasive anti-American rhetoric in government media.
Turkey has abruptly stopped exporting goods to Russia and one of Russian President Vladimir Putin’s strongest advocates in Europe, Hungarian Prime Minister Viktor Orban, has said that he might “rethink” his relations with Russia in the future.
Two days of mass protest have forced the ruling Georgian Dream party to back down and withdraw a proposed “foreign agents” law, which would brand NGOs and media that receive more than 20% of their income from abroad.
Czech authorities and VW's Skoda Auto insist the carmaker’s plans for a massive electric battery plant in Central Europe are merely postponed, and that VW is awaiting a EU decision on a new EU incentive framework.
Capital Economics thinks that Czech GDP may fall slightly further over the first half of this year and expects only a slow recovery in the second half.
Plant shutdowns due to energy price pressure could have contributed to surprise result.
Women are underrepresented in the growing ICT and green energy sectors.
In 1986, I wrote a thesis on Soviet decision-making behind military interventions in Eastern Europe as well as American responses to them. Tragically, this topic is still relevant today.
Estonia’s radical right-wing party is catching up with the ruling liberal Reform Party, with just hours to go before the general election on Sunday.
GDP edged down 0.4% q/q, a decline for the second consecutive quarter.