Slovakia
Czech and Slovak inflation to remain above target for longer, say central bankers
This may mean that interest rates will also have to stay higher for longer and that more fiscal tightening will be needed, argued Ludovit Odor and Tomas Holub.
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Eastern Europeans issue demarche to France over Ukraine
Eastern European critics argue that Paris’ ambiguous stance threatens to fracture the West’s unity against Russia, and emboldens Putin to continue prosecuting the war until he wins concessions.
Who is winning the sanctions war?
In December the EU commissioned a secret report to assess just how badly the war in Ukraine, and the polycrisis it is fuelling, is hurting Europe’s economy. Good news: Europe is doing OK; bad news: so is Russia.
Ninth package of sanctions on Russia bogged down in debate
Debate of what should go into the EU’s ninth package of sanctions is bogged down in disagreement. EU foreign ministers met on December 12 to think up more measures to punish Russia for its war in Ukraine, but could not agree on how best to do this.
IMF: Riding the global debt rollercoaster
Global debt remained above pre-pandemic levels in 2021 even after posting its steepest decline in 70 years, underscoring the challenges for policymakers.
NEMETHY: The case for gold today – again
In April 2021 gold was sitting around a price of $1,700; as of December 10, 2022 it is now approaching $1,800. Relative to just about every other asset class, this is not a bad performance.
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bneGREEN: Vertical farms to feed the cities of the future
Indoor vertical farms in Emerging European cities are replacing costly and polluting air imports to supply leafy vegetables for the region’s urban populations.
CESEE banks expect credit conditions to tighten and NPLs to rise
With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
No confidence motion in Slovakia to be decided by independent MPs
The political crisis comes at a time when unrest is growing at the political chaos and the botched response to the worsening cost of living crisis.
Foreign investment has transformed Eastern Europe, says wiiw report
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
Slovak government faces vote of no-confidence next week
The vote comes as public support for the government has collapsed amid political divisions and defections and the perceived failure of the cabinet to get a grip on the worsening cost of living crisis.
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bneGREEN: EU energy ministers agree to speed up permitting and deployment of renewables temporarily
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
V4 leaders meet as EC poised to take unprecedented action towards Hungary
Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.
bneGREEN: ING: Euro sustainable bond supply set to stagnate in 2023
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
Orban sparks diplomatic storm with football scarf featuring Greater Hungary
Ukraine, Romania, Croatia, and Slovakia protested against the gesture, which comes at a time Hungary faces growing isolation in Europe.
Ukraine faces one of worst declines in GDP from a war, says EBRD
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
EBRD warns of risk of 'zombification'
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Czech premier to attend V4 meeting despite boycott of Hungary by parliamentary leaders
Contrasting stances demonstrate differences within Czechia on how to respond to Budapest's collaboration with Moscow.
Slovakia’s public broadcaster's news chiefs dismissed after airing one-hour long opposition speech
News channel's director live streamed Robert Fico's speech to party meeting on public holiday without informing broadcaster's director-general.
Private equity poised for growth surge in CEE despite macro and geopolitical crises
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
