Friday

29th Mar 2024

Ticker

Russia's foreign direct investment set to plummet

Direct foreign investment in Russia is set to drop by some 50 percent in 2014 when compared to last year, according to a study by the Vienna-based Institute for International Economic Studies, reports Bloomberg. Researchers say the Ukraine–Russia conflict "depresses economic growth and increases investment risk in the affected countries".

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Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

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