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Russia will try to soften dismay at ending grain deal

Location:

RUSSIA

Ukraine had been a significant grain exporter, much of it to poor countries, accounting for about 10% of world trade. The invasion stopped that. In July 2022, Turkey and the UN…

Diamond sanctions will have a modest impact on Russia

Location:

RUSSIA

The ban will be extended by the end of the year to include diamonds polished in third countries, lab-grown diamonds, as well as jewellery and watches containing diamonds. The new…

New Czech export strategy will focus on innovation

Location:

EASTERN EUROPE

The policy, aimed at bolstering economic resilience and global competitiveness, and forging new national champions, sets Czechia apart from Hungary, Slovakia and Poland, the rest…

Poland, Czechia and Hungary may join euro, but not yet

Location:

EASTERN EUROPE

The Denkov administration that took office in June has set adopting the euro as a top priority, and blames the previous interim government for Bulgaria’s unpreparedness to join…

French growth will be weak over the coming quarters

Location:

FRANCE

France’s economy has performed better than its peers this year, due to weaker inflationary pressures and strong export performance in the second quarter. However, the latest…

The EU’s phase-out of Russian gas is not guaranteed

Location:

EU

This is the trajectory followed by the majority of member states. However, blockages remain in east-central Europe, where Turkey could play a role in maintaining direct or…

Ukrainian grain dispute is likely to drag on

Location:

UKRAINE

A glut of Ukrainian agricultural products has driven down prices in neighbouring countries, prompting several governments to impose unilateral import bans. Protests by Polish…

Turkey-Europe economic and business ties will weaken

Location:

TURKEY

That represented a 1.9-percentage-point (pp) rise in import share and a 0.4-pp fall in export share. Turkey's economic and commercial ties with Europe (EU and non-EU) are strong…

Asian summits highlight contrasting trajectories

Location:

ASIA

Indonesia hosted the 43rd ASEAN summit and related events, including the 18th East Asia Summit (EAS). India held its first-ever G20 summit. ASEAN’s chairmanship now passes to…

Turkey will claim larger share of Balkan gas markets

Location:

BULGARIA/TURKEY/BALKANS

Turkish state-owned utility BOTAS has a supply contract with Bulgargaz which also includes access to the Bulgarian grid. It is in position to resell Russian gas to customers in…