Tag "EU"
Erdogan undermines Turkish Central Bank’s autonomy
On 30 April, the Governor of Turkey’s Central Bank, Erdem Basci, announced an interest rate cut in the near future, but specified neither number nor schedule. The announcement came a week after reaffirming the Bank’s
Sanctions hurt Russian credit rating, energy firms
With the situation in Ukraine entering its most difficult pre-election stage, the growing rift between Russia and the West is starting to affect everyday business. Following the ineffective Geneva Agreement
California cap-and-trade takes carbon market to new heights
While far from perfect, cap-and-trade emissions trading looks to be the future of combating climate change. California, a new entrant to the scene, is already making a big splash in
Hungary’s ‘Orbanomics’ mean instability for foreign firms
Foreign investors and businesses will remain under pressure for another four years as Hungary’s right-wing party, Fidesz, secures a legislative supermajority for a second-term. In the past term (2010-2014), Hungarian
EU takes steps toward energy independence from Russia
With recent events in Ukraine strongly affecting security relations between the West and Russia, both Brussels and Moscow are increasing efforts to reduce their mutual energy-financial dependency. European energy dependency
Ukraine crisis makes Russia look east
After Western leaders talked last week about penalizing Russia further, President Vladimir Putin asked for a diplomatic resolution on the Ukraine crisis. Yet, a Russian move towards ‘Eastern allies’ is still on the table.
Finland’s economy suffers from effects of the Ukraine crisis
The situation in Ukraine is creating a dangerous standoff between Russia and the West, and Finland’s economy and security are suffering as a result. With a 1,300-km long border separating
Energy sector strongly affected by Ukraine crisis
With events rapidly unfolding, energy comes to the forefront in the East-West conflict over Ukraine. The past weeks in Ukraine have once again shown a close correlation between extreme political
Crimea referendum shows shift in Western-Russian relations
Crimeans vote on whether they want to stay part of Ukraine or join the Russian Federation this weekend. Regardless of the outcome, which Western leaders have already decried as illegitimate,
Uganda homophobia could force oil industry development
Foreign aid to Uganda ended abruptly following a measure recently signed into law prohibiting homosexuality. Uganda may have to rely on developing its oil industry to offset the loss of
