ToyotaGo project scrapped in Slovenia’s Kocevje

bne IntelliNews March 21, 2023

Mayor says on-demand transport project was very popular but too expensive to run in a rural area.

NEMETHY: The Fed will prioritise financial stability over the fight against inflation

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors March 21, 2023

For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. This author, and others, predicted that “something will break”. Something did break: SVB

bneGREEN: Energy chiefs say Slovenia must invest in renewables to cut power imports

Valentina Dimitrievska in Skopje March 15, 2023

At the peak of the energy crisis in October, Slovenia imported 56% of its electricity.

Has Southeast Europe come of age as an investment destination?

Clare Nuttall in Glasgow March 15, 2023

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.

Gender gap persists in Emerging Europe’s industries of the future

Clare Nuttall in Glasgow March 8, 2023

Women are underrepresented in the growing ICT and green energy sectors.

Yettel Bulgaria urges competition watchdog to block sale of Bulsatcom to Slovenia Broadband

bne IntelliNews March 8, 2023

Commission for Protection of Competition has launched a probe into the deal to find out whether it would breach competition rules.

Slovenia's annual inflation slows further in February

bne IntelliNews February 28, 2023

Slovenia posted annual inflation of 9.3% in February, down from 10% the previous month.

Urals oil price is increasingly meaningless, allowing Russian-owned refineries in Europe to build up slush funds

Ben Aris in Berlin February 27, 2023

After the twin price cap sanctions were imposed on Russian oil exports, Ukraine’s supporters cheered as the price of the key Urals blend collapsed. The trouble is, Russian refineries in Europe make the price of Urals increasingly irrelevant.

How big is Russia's "ghost fleet" of oil tankers?

Ben Aris in Berlin February 26, 2023

How many ships are in Russia’s “ghost fleet” of tankers? No one has a clear idea: estimates run from 100 to 600 tankers depending on what you include in the fleet.

bneGREEN: Wind, solar slash gas costs in EU by $12.7bn since Russia invaded Ukraine

by Roberta Harrington in London February 26, 2023

The growth of wind and solar power has helped to cut natural gas costs by €12bn ($12.7bn) in the EU since Russia invaded Ukraine just over a year ago.

Germany to crack down on sanctions dodgers as non-EU trade turnovers with Russia soar

Ben Aris in Berlin February 24, 2023

Germany's Deputy Chancellor, Robert Habeck, announced that Berlin will crack down on EU companies that dodge Western sanctions on Russia, as governments become increasingly alarmed at the scale of the sanctions leakage, the Financial Times reported.

ING: Green sovereign bond sales stabilise and so does the greenium.

Antoine Bouvet is a Senior Rates Strategist at ING, Benjamin Schroeder is a Senior Rates Strategist at ING February 24, 2023

The euro sovereign and supranational, sub-sovereign and agency (SSA) green bond market is maturing after a turbulent 2022. Supply levels have stabilised and there are signs that it is finally matching demand.

European gas prices slump to 18-month low

bne IntelliNews February 23, 2023

The front-month contract at Europe’s premier TTF gas hub dipped below €50 per MWh ($567 per 1,000 cubic metres) on February 21 for the first time this year, amid easing fears of shortages, warm weather, ample LNG and lower industrial demand.

Gas prices fall further on record 64% full European gas tanks

bne IntelliNews February 23, 2023

Gas reserves in Europe's underground storage facilities (UGS) have dropped to 69bn cubic metres and are 63.7% full as of February 22, Gas Infrastructure Europe (GIE) reports.

More gloom ahead as EBRD cuts 2023 growth forecasts

bne IntelliNews February 16, 2023

The EBRD lowered its forecasts for more than half its 36 countries of operation, anticipating average growth of just 2.1% this year.

COMMENT: Recessions confirmed in Hungary and Czechia

bne IntelliNews February 15, 2023

Central and Eastern Europe has experienced a sharp downturn in GDP in the fourth quarter of 2022 figures, but while the worst of the economic decline has passed, the region is likely to stagnate this year.

COMMENT: Union recognition can be a tough battle in EU member states in Central and Eastern Europe

Martin Myant of the European Trade Union Institute February 13, 2023

Multinationals typically try to find loopholes in employee rights for their operations in Eastern Europe, preventing wages converging with Western European levels.

UK and Eurozone inflation likely to remain high for several years due to the energy crisis

bne IntelliNews February 13, 2023

The surge in energy prices has significantly lifted headline inflation rates in the UK and Eurozone through the direct impact on household energy bills. However, there is a time lag to the feed through to consumer inflation.

IMF: Charting globalization’s turn to 'slowbalization' after world financial crisis

Jeff Kearns of the IMF February 9, 2023

The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.

CEE management schools shrug off threat of distance-learning programmes

Kester Eddy in Budapest February 9, 2023

The COVID-19 pandemic pushed CEE students towards Western online MBA courses, but they are now returning to face-to-face studies, say the region's business school heads.