Czech inflation – currently the highest in the EU – is likely to remain above the central bank’s target for the whole of this year, limiting the room for rate cuts, says veteran economist Pavel Sobisek.
The Iranian rial has been successively recording drops since a few weeks ago, following the escalation of tensions in the region. This has raised concerns among market observers over another likely downfall in the upcoming days.
Ukraine has insisted it has no intention of renewing its gas transit contract with Russia that is due to expire at the end of this year.
Vienna-based think-tank expects growth to get back on track this year, but warns of risks from a Trump victory in the US and escalation of fighting in Ukraine or Gaza.
Uzbek President Shavkat Mirziyoyev hopes that a new BYD plant in his country will before long be able to produce 300,000 cars per year.
Following the failure of Ukraine’s counteroffensive last summer, the Biden administration has abandoned hope of the Armed Forces of Ukraine (AFU) retaking any territory in 2024.
Russian oil refineries are not normally newsmakers, but they have found themselves on the front page recently as Ukraine’s new long-range drones have brought some of Russia’s oil infrastructure within striking distance.