Caps and bans only make us dependent on China
The EU ban on Russian oil products leads to a major shift: China secures a long-term supply and sells refined products globally at higher margins.
The EU ban on Russian oil products leads to a major shift: China secures a long-term supply and sells refined products globally at higher margins.
The Polish government is desperate to see the new measure passed, as it’s key to getting €36 bn from the EU’s recovery fund with elections at stake.
The forecasts for Latvia see a persistently high degree of uncertainty. GDP is revised downwards to 2.1%, with a 5.6% contraction in household consumption.
The Polish government is reportedly working on a retreat on the judicial disputes costing €35 billion in grants and loans, plus a €1 million a day fine.
In Poland, the risk of annual growth falling to negative is high. And building construction will be one of the weakest spots of the domestic economy in 2023.
The construction of a magnet factory and R&D centre in Narva will have the capacity to produce magnets made of rare earth metals and recycled ones.
The winner of the auction is UAB Saulės Grąža. The total investment in development and distribution will exceed EUR 90 million.
ELWIND has been listed on the first list of green energy cross-border (CB RES) projects under the EU Connecting Europe Facility (CEF).
Warsaw will raise its target defence spending to 5% of GDP. Whether acting as buffer from Russia will translate into political influence is another matter.
In addition to the pandemic recovery funds, the prospect of withholding Poland’s slice of the EU’s budget pie has sparked uproar in Warsaw.