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MOSCOW BLOG: Russia and Saudi Arabia’s oil production cut is pre-emptive strike on EU’s price cap scheme

Has Riyadh just sided with Putin by agreeing to cut oil production by 2mn barrels? It's more complicated than that.

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Armenia’s Pashinyan, Turkey’s Erdogan set for unprecedented face-to-face Prague meeting

Encounter is “huge” says analyst. However, hopes for a breakthrough in resolving Armenia-Azerbaijan conflict are low.

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NEMETHY: Is the world heading towards a “polycrisis”?

According to historian Adam Tooze, we are currently potentially facing a “polycrisis”: a number of smaller to medium-sized crises in the world that have the potential to combine and reinforce each other.

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Mongolia consumers feel weight of inflation as food prices rise

Each morning, food distributor Suren Bat-Tur goes to the Bars wholesale food market in Ulaanbaatar to purchase produce for resale. Lately, the mushrooms, coriander, tomatoes and other grocery items he buys have hit eye-watering prices.

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BALKAN BLOG: Serbia’s mixed messages serve a purpose

Serbia is infuriating the EU and putting its accession progress at risk by retaining links with Russia, but this is part of a deliberate strategy.

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Orban faces perfect economic storm of his own making

Hungary’s radical right-wing leader is struggling to cope with the country’s unfolding cost of living crisis, a task made much harder because of his pre-election spending spree and his isolation inside the European Union.

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Czechs try to transform EU's relationship with Israel

As the current rotating president of the European Union, Prague has convened a meeting of the long moribund EU Israel Association to try to boost EU links with the Jewish state.

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Bulgaria’s populist Gerb wins snap general election on record-low turnout

Exit polls indicate Bulgaria will get its most fragmented parliament ever and comments from the key parties in the run-up to the vote offer little hope of a stable majority being formed in parliament.

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Whistleblower who revealed massive corruption at Bulgarian border checkpoint fired

Displaced from Karabakh watch reconstruction process with hope, concern

EPH to invest €10.2bn into renewables in Germany

Whistleblower who revealed massive corruption at Bulgarian border checkpoint fired

Numerous experts appointed by Kiril Petkov's reformist former government have been removed since the change of government in June, undermining the fight against corruption.

Latest Updates

News

Romanian central bank's rate hike exceeds expectations as near-term inflation outlook worsens amid faster growth rates anticipated for natural gas, electricity and food.

The National Bank of Poland left its reference interest rate unchanged at 6.75%, despite inflation accelerating to 17.2% y/y in September.

Lukashenko has now officially admitted a certain participation by Belarus in Russia’s war in Ukraine, likely due to increased pressure from Putin for more political support. Now Lukashenko is drawing himself even deeper into Putin’s war.

‘Kamikaze’ drone attacks were reported 80 km from Kyiv in the city of Bila Tserkva on the night of October 4. The drones are allegedly part of the Iranian-made Shahed series, which Russia has used on the battlefields since September.

Spolu politicians have admitted previously that endorsing just one candidate could be seen as a curse, for that person could become a target for voter anger over the soaring cost of living.

Tech

Fit&Beat uses blockchain technology paired with virtual and augmented reality solutions to reward people for getting fit.

The financial results came against the background of the decrease in the purchasing power of customers and the change in consumer preferences from online to physical bookstores.

Serbian municipality to offer plots of land to IT companies as Serbia seeks to boost its tech sector.

Interros will divest 100% of its stake in biopharmaceuticals company Petrovax, according to a statement by the company.

Tokayev says their intention is to derail his political reform agenda.

Opinion

Tailored offerings can bring in billions of dollars in commercial fresh money from both conventional and ESG/impact-oriented fund managers.

The partial mobilisation announced on September 21 by Russian leader Vladimir Putin has caused an unprecedented exodus of the Russian male population eligible for the draft. But do they support him and can they cross into the EU?

Russian state-controlled diamond monopoly Alrosa has been sanctioned but some of its diamonds are making it on to the international market legally. The upcoming eighth package of sanctions will crack down on Russia’s diamond and close loopholes.

The European Bank for Reconstruction and Development (EBRD) projects growth in its region will slow as a result of gas supply problems that are feeding an energy crisis. The bank says growth will slow to 2.3% in 2022 in its region and 3% in 2023.

The third decline in a row for the eurozone PMI indicates that business activity has been contracting throughout the quarter. This confirms our view that a recession could have already started.

Data

Supply-side shocks and heightened uncertainty in international markets are pushing up inflation in Albania.

The seasonally adjusted S&P Global Russia Services PMI Business Activity Index registered 51.1 in September, up from 49.9 in August, the company reported on October 5.

Period of growth comes to abrupt halt in September.

Poland's Purchasing Managers' Index improved 2.1 points to 43 in September but still lingered below the 50-point mark separating contraction from growth.

Demand conditions home and abroad, notably in Europe, “challenging”, September survey shows.

Features

Rights activists insist Central Asian labourers are being conned.

Last week, Belarus began its accenssion to the Shangai Cooperation Organization and the two countries both signed a deepened strategic partnership. But what does Belarus have to gain from increased integration with China?

Old alliances have broken down, with Russian vs Western orientation becoming the biggest dividing line in Bulgarian politics.

The main nationalist parties are expected to retain their leading positions in Sunday’s elections, with hopes for reforms fading away once again.

After Vladimir Putin escalated the war in Ukraine with a mobilisation order, thousands of Russians are trying to enter Georgia to avoid being drafted and sent to the front lines in the war in Ukraine.

Blogs

Opinion divided among Iran watchers as unrest nears end of a third week.

President Erdogan will soon come to accept he’s already lost at the ballot box. But he won’t accept that it’s all over. Watch closely.

Social media loves a good conspiracy theory, but it has gone off the Richter scale speculating on who was behind the take-down of the four Nord Stream gas pipelines, two of which sprang leaks on Sunday night as we reported yesterday morning.

Turkmenistan has traditionally fostered its closest security relationship with Russia. But it has found room to develop military ties with the US and China. Eurasianet’s weekly briefing.

Turkey’s Erdogan administration again spooked by the lurching lira. Small matter of Jamal Khashoggi appears to be ancient history.

bneGREEN

The EU’s Fitfor55 efforts to reduce CO2 emissions by 55% by 2030 are woefully inadequate and unable to contain global warming to the 1.5°C target, with reductions of up to 77% needed instead to stand any chance of averting a climate catastrophe.

Sigma Energy's full-scale Sigma WEC prototype deployed off Montenegro's Bar in the Adriatic Sea.

As the climate crisis worsens, there is growing interest in building more eco-friendly places of worship.

European energy ministers will discuss further options to secure gas supplies and punish Russia.

The heads of governments and energy ministers of the eight countries surrounding the Baltic Sea, apart from Russia, have committed to new volumes of offshore wind.

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