Central European monetary policymakers set to raise rates this week

bne IntelliNews June 21, 2021

Hungarian and Czech central banks could be first in EU to raise rates despite ongoing pandemic.

Polish CPI grows 4.7% y/y in May

Wojciech Kosc in Warsaw June 16, 2021

Annual growth rate picks up 0.4pp versus the revised annual reading in April.

International banking groups look to expand in Central and Southeast Europe despite pandemic

Clare Nuttall in Glasgow June 14, 2021

International banking groups remain committed to the region, with their strategies tilted towards expansion or stability despite the coronavirus pandemic, EIB survey shows.

ING: So what is a greenium and how do we get to it?

bne IntelliNews June 11, 2021

The existence of a "greenium" is mostly justified by higher demand for green bonds. We estimate the greenium for each curve separately, ensuring it is not polluted by other factors such as sector or maturity.

Poland's PKN Orlen bulks up to play in the big league

Wojciech Kosc in Warsaw June 10, 2021

As part of the company’s PLN140bn investment drive by 2030, Orlen plans getting into offshore and onshore wind, solar energy, as well as energy storage.

COMMENT: Time to end Putin's impunity

Jeff Lovitt and Jan Piekło June 10, 2021

The price faced by Russia for aggression must be too high for the Kremlin to countenance, and this is the message that Biden should deliver to Putin – and act upon.

COMMENT: CEE national recovery and resilience plans – the focus, the gaps and what comes next

Otilia Dhand of Teneo June 10, 2021

Most CEE governments submitted their national plans after the deadline and two (Bulgaria and Estonia) are yet to finalise them.

bneGREEN: IEA calls for $1 trillion of annual investment into clean energy in developing economies

Richard Lockhart in Edinburgh June 9, 2021

Private finance is crucial if emerging economies are not to be left behind in the race to net zero, the IEA warns.

ING: The corporate premium in green finance

Padhraic Garvey is ING’s Regional Head of Research in New York, Benjamin Schroeder is a senior rates strategist at ING in Amsterdam June 9, 2021

There is a cost saving to issuing Green. It varies according to circumstances, but the baseline assumption now is for green yields to be below vanilla ones; not by much, but it's persistent enough.

bneGREEN: European Commission provides €1bn funding boost for 72 Green Deal research projects

Richard June 6, 2021

The European Commission has selected 72 research and innovation projects that will receive €1bn in funding to support the aims of the Green Deal.

Bulgaria has worst air pollution in the EU, Eurostat says

bne IntelliNews June 4, 2021

Bulgaria has been struggling for years with air pollution in urban areas, particularly in winter.

bneGREEN: Coal bandits

bne IntelliNews June 4, 2021

The IEA has said that the road to net zero by 2050 is “narrow but still achievable,” so long as there is no more investment in new coal projects, in order to limit global warming to 1.5C.

Central Europe set for interest rate hikes, predicts Capital Economics

bne IntelliNews June 3, 2021

Central Europe is facing a prolonged period of higher inflation that is likely to lead to significant interest rate hikes.

bneGREEN: Surging iron prices are driving up carbon costs for the producers

bne IntelliNews June 3, 2021

Iron prices have surged to nine-year highs in the post-COVID commodities boom that got underway at the end of last year, but that is now pushing up the cost of carbon for producers and eating into their profits.

Poland’s CPI accelerates growth to 4.8% y/y in May

Wojciech Kosc in Warsaw June 2, 2021

The flash reading for May adds to the pressure on the central bank to tighten its currently super dovish monetary stance.

Polish GDP eases fall to -1.4% y/y in Q1 as consumption and investment grow

Wojciech Kosc in Warsaw June 1, 2021

The reading is an upward revision of 0.3pp versus the flash estimate published in mid-May.

Polish industrial production continues flight in April against last year’s low base

bne IntelliNews May 24, 2021

Poland’s industrial production growth skyrocketed 44.5% year on year at constant prices in April 2021, in line with predictions for a sharp rise in activity compared to April 2020.

Poland says it will not comply with EU court’s order to stop Turow mine

Wojciech Kosc in Warsaw May 24, 2021

Poland is in for another major tussle with the EU after the bloc’s top court issued an interim measure to stop lignite mining at the Turow mine near the border with Czechia.

Polish PPI inflation growth picks up to 5.3% y/y in April

bne IntelliNews May 23, 2021

April reading marks the fourth consecutive expansion of the index after a 10-month streak of falls or zero growth in factory gate prices.

bneGREEN: GECF rejects IEA call to end upstream investment

bne IntelliNews May 23, 2021

The Gas Exporting Countries Forum (GECF) has rejected the findings of the IEA report released last week, instead projecting that gas will increase its share in the global energy mix to 28% from 23% today.