Poland and European Commission strike rule of law deal to unlock billions from pandemic recovery fund

Wojciech Kosc in Warsaw May 18, 2022

Brussels will assess the real value of the pledged changes before deciding ultimately on unlocking funds that could total €4bn this year.

Poland’s GDP expands 9.1% y/y in Q1, brightening outlook for the year

Wojciech Kosc in Warsaw May 18, 2022

Full-year economic growth forecast at around 5% despite Ukraine-driven slowdown.

Polish core inflation accelerates to 7.7% y/y in April

Wojciech Kosc in Warsaw May 17, 2022

With double-digit headline inflation and accelerating core inflation readings, the National Bank of Poland is expected to keep on tightening monetary policy in the months to come.

Nordic Nato accession set to reinforce Baltic states' security

Linas Jegelevicius in Vilnius May 16, 2022

The accession of Finland and Sweden to Nato will transform the picture in the Baltic region but more military deployments are still needed, argue Baltic experts.

Poland’s CPI surges 12.4% y/y in April as statistics office revises estimate

bne IntelliNews May 15, 2022

Annual inflation up 1.4pp from the March reading, and is 0.1pp higher than the flash estimate.

bneGREEN: Raising EU green targets will cost an extra €195bn

Richard Lockhart in Edinburgh May 14, 2022

The European Commission is considering raising its renewable energy target for 2030 to 45% in new green plans to be published later in May.

bneGREEN: Climate change, war in Ukraine and rising prices create perfect storm threatening global food security

bne IntelliNews May 13, 2022

The war in Ukraine has interrupted grain exports from the country and could create a global food crisis as vulnerable wheat importing countries in Africa and the Middle East face shortages and rising prices.

bneGREEN: Renewables set for record growth in 2022, but 2023 is not so rosy

Richard Lockhart in Edinburgh May 11, 2022

Renewables are again set to break global records in 2022, with 320 GW of new capacity forecast to come online and new solar projects in China and Europe driving growth.

Poland plots relief for borrowers struggling under high interest rates

Wojciech Kosc in Warsaw May 11, 2022

Banks set to be forced to give four monthly credit holidays this year and four in 2023.

EBRD expects 30% GDP contraction in Ukraine in 2022, lowers emerging Europe projections

Clare Nuttall in Marrakesh May 10, 2022

The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.

NEMETHY: How will the war in Ukraine affect Emerging Markets?

Les Nemethy CEO and founder of Euro-Phoenix Financial Advisors May 2, 2022

We have all heard the adage that a butterfly flapping its wings in the Amazon could affect the weather patterns on the other side of the planet. Might the war in Ukraine also have such unintended consequences?

Polish inflation 'out of control' as jump to 12.3% y/y in April sets stage for radical interest hike

Wojciech Kosc in Warsaw May 1, 2022

The sharp increase in the inflation rate came on the back of food prices growing 12.7% y/y.

BOOK REVIEW: How the handling of migration from the eastern EU states pushed the UK towards Brexit

Clare Nuttall in Glasgow April 29, 2022

“Here to Stay: Eastern Europeans in Britain” tells the story of the half million citizens of the new EU member states who have moved to the UK since the early 21st century.

EXPLAINER: Poland’s rule of law crisis

Wojciech Kosc in Warsaw April 29, 2022

The Polish parliamentary debate on how to overhaul the Disciplinary Chamber of the Supreme Court to address Brussels’ criticisms could lead to a showdown inside the governing coalition.

bneGREEN: Coal expansion slows slightly in 2021, but far more is needed to meet net-zero targets.

By Richard Lockhart in Edinburgh April 28, 2022

Total global coal power capacity under development declined by 13% in 2021 to 457 GW, a record low, with the number of countries building coal plants falling from 41 in 2020 to 34 in 2021.

Visegrad Group needs to 're-invent itself", says Rupnik

Robert Anderson in Prague April 28, 2022

The Visegrad Group of four Central European countries is in “deep freeze” because of the Hungarian-Polish split over the Ukraine war, says Sciences Po professor.

Emerging Europe growth to fall to an average of 3% this year, says wiiw

bne IntelliNews April 28, 2022

Russian GDP forecast to fall by 9-15% this year, while Ukraine's economy could collapse by 38-45%.

Poland and Germany near agreement on cooperation to ditch Russian oil

bne IntelliNews April 28, 2022

A deal with Poland could help allow Germany to agree to EU sanctions on Russian oil exports, leaving Hungary isolated as the main opponent of tightening pressure on the Kremlin.

Russia to stop gas supplies to Poland

Wojciech Kosc in Poland April 27, 2022

Poland has already said it can go independent of Russian gas before the end of the year once the Baltic Pipe becomes operational.

Ukrainian refugees may have boosted Poland’s population to almost 41.5mn

Wojciech Kosc in Warsaw April 27, 2022

Poland’s second largest city, Krakow, has seen population growth of 23%. The third and fourth largest cities, Lodz and Wroclaw, are now 13% and 29% bigger, respectively.