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Cost-of-living crisis will not hurt Hungary’s rulers

Location:

HUNGARY

The largest annual rise was for food, by 30.9% (3.3% month-on-month). Many Hungarians are expecting their living standards to decline, with costs rising also for some public…

Russia will both contest and adjust to EU carbon tax

Location:

RUSSIA

Additional EU taxes on carbon-intensive energy and other products could cost Russian industry up to EUR50bn (USD59bn) before 2030. With some corporate exceptions, Russia's…

Russia shifts backwards on climate after past progress

Location:

RUSSIA

Russian industrial businesses and government figures seized the opportunity to argue that the country cannot meet even self-imposed commitments because of sanctions pressure and…

The LNG market will face further volatility

Location:

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 supply/demand imbalance will persist into 2023

Location:

INTERNATIONAL

The Asian spot price for liquefied natural gas (LNG) set records in late 2020 and again in October 2021, equivalent to USD325 per barrel of oil equivalent, with European gas…

Italy will intensify its outreach to North Africa

Location:

NORTH AFRICA

Italy’s diplomatic activism was on display in recent days after its foreign ministry hosted a meeting between the Israeli and Libyan foreign ministers, causing uproar across Libya.

Uncertain future for Russia's Nord Stream 2 in Europe

Location:

EUROPE/RUSSIA

Nonetheless, the Nord Stream 2 pipeline between Russia and Germany through the Baltic Sea is facing an uncertain future. If completed, the project would double the capacity of the…

War in Ukraine will deepen poverty in Central Europe

Location:

EASTERN EUROPE

Central-East European (CEE) economies grow faster than most in good times but are more vulnerable in bad times, lacking the political and financial capital and competences to…

Gas prices expose Europe’s energy vulnerability

Location:

EUROPE

The cost of gas-fired generation sets the electricity price in much of Europe today. Falling indigenous production has left Europe reliant on gas imports and exposed it to global…

Foreign investment recovery may disappoint in Iran

Location:

IRAN

Following the removal of sanctions last month, the government is looking to the return of foreign direct investment to kick-start an economic recovery. However, its ambitions to…