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Russian government will see positives in weaker ruble

Location:

RUSSIA

The bank doubled its rate in February to shield the ruble from sanctions impacts but then started cutting it as -- against expectations -- the currency appreciated. Moscow hailed…

Third COVID wave calls for caution from Erdogan

Location:

TURKEY

Throughout April, new cases have exceeded 40,000 per day. The surge, which followed the easing of containment measures in March, was the third and largest spike in COVID-19 cases…

Fight is on to keep Romanian politicians accountable

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ROMANIA

Social Democratic Party (PSD) leader Liviu Dragnea’s response that the protests are part of an attempted coup suggests he will not compromise. Within the new ruling coalition…

Russian oil supply cut would hit Central Europe hard

Location:

EASTERN EUROPE

Flows resumed within days, but the sudden cut-off -- ascribed to overdue transit payments -- highlights Central Europe’s dependence on Russian oil imports and the difficulty of…

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…

Russia likely to scale down but not end EU gas supply

Location:

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…

Prospects for Turkey in 2021

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PROSPECTS 2021

Fiscal and monetary stimuli and a policy-induced credit boom have combined with the broad normalisation of social life to contain COVID-19's impact on economic output. However…

Mounting economic problems endanger Moldova stability

Location:

MOLDOVA

Sandu called for "maximum vigilance", although it is unclear when the coup attempt was due to happen. The announcement follows Prime Minister Natalia Gavrilita's surprise…