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Price cap on gas will divide EU member states

Location:

EU

Although member states agree in principle on the need to overhaul gas markets and strengthen resilience, the EU is divided between German- and French-led blocs on the price cap…

The LNG market will face further volatility

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INTERNATIONAL

May prices are still high by historical standards but a mix of lower European consumption and weak Chinese demand has calmed fears of a huge supply shortfall, which caused a price…

Gas crunch will affect South-East European politics

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BALKANS

This 30% hike, from BGN102.33 in December, was at the request of Bulgargaz, the state-owned gas distributor. The decision came in the wake of a parliamentary vote on December 16…

Taming Polish prices may trump economic stimulus

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EASTERN EUROPE

The surge was driven by Russia’s announcement that it was halting indefinitely supplies through the Nord Stream 1 pipeline. The new has deepened fears of a severe economic…

Russian gas supply to EU will intertwine with politics

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RUSSIA

Worries over supply shortages persist despite President Vladimir Putin's promise to increase deliveries. Russian output is close to the limit of current capacity and domestic…

Prospects for the global economy in H2 2023

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PROSPECTS H2 2023

Labour and housing markets are slowing very gradually, but the strength of services is preventing a faster fall in headline inflation. The pass-through effects of interest-rate…

Central Europe may cut rates despite high inflation

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EASTERN EUROPE

Lower wholesale natural gas prices have improved balance-of-payments and fiscal positions and driven down inflation rates in Central Europe (CE). Financial markets are pricing in…

Tourism is recovering but faces many headwinds in 2023

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INTERNATIONAL

However, despite this relief in 2022, significant challenges lie ahead: energy issues, inflationary pressures, an US appreciating dollar, staff shortages and geopolitical risks…

Russia likely to scale down but not end EU gas supply

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RUSSIA

Moscow blames technical delays but this is only the latest in a series of supply slowdowns that EU leaders believe are entirely political: a means of punishing European states for…

Algeria will gain little from the oil and gas windfall

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ALGERIA

Yet this has only provided temporary relief to the country’s chronic balance of payments problems, and the efforts of President Abdelmadjid Tebboune to use this breathing space to…