By Pyotr Iskenderov Russia’s Gazprom, OJSC and the Turkish company Botas Petroleum Pipeline Corporation confirmed their intention to pump the initial shipment of natural gas into Turkey through the new pipeline in December 2016. And by 2019, Russia will be able to deliver gas supplies to Europe while bypassing Ukraine. After the negotiations in Ankara between … Continue reading
By Plamen Iossifov and Jiri Podpiera Inflation has been falling sharply across Europe since 2012 (see Charts 1 and 2). Across Central and Eastern Europe (CEE), inflation expectations have also drifted down especially among countries who peg their currencies to the euro (Bulgaria, Croatia and Lithuania, which adopted the euro on January 1, 2015), but also … Continue reading
By Theodore H. Moran Joining international supply chains has help some developing nations industrialise while leaving others by the wayside. This column discusses research that extract lessons from four case studies. It suggests the key to success is combining pro-active investment promotion with customised infrastructure improvements and public-private vocational training that allow investors to fit … Continue reading
By BNE IntelliNews Central European purchasing manager indices (PMI) continued to power onwards in November, with Poland joining Hungary and the Czech Republic in registering an improvement in sentiment, data released by Markit on December 1 showed. Adding to recent bright data out of the region, it suggests a surprisingly strong end to the year. The brightening … Continue reading