Tag Archives: recovery

Western forecasts about the collapse of the Russian economy as a result of sanctions that were issued in early spring have not come to pass, President Vladimir Putin said on Friday. Speaking at the Saint Petersburg International Economic Forum, Putin said predictions about the collapse of the ruble and the …

Speaking on the sidelines of the UN’s COP26 climate summit in Glasgow on Monday, Morawiecki insisted that the heavily coal-dependent central European country needs to receive funds from Brussels to achieve “ambitious climate goals.” There can be no blackmail from other elements of European policy, because any attempt to take …

The issue of EU funds should not be tied to the new Hungarian law that banned LGBT themes from school curriculums and children’s TV shows, Hungary’s Minister of the Prime Minister’s Office, Gergely Gulyas, told reporters on Thursday. “Such a connection will ruin the European Union. The Child Protection Act …

According to Barkind, the group and its allies expect the world’s demand for crude to increase by six million barrels per day, as global GDP is projected to grow by 5.5% in 2021 due to recoveries in such countries as China, the US, India along with the Eurozone. “The projections …

According to preliminary data from the Commerce Ministry, imports soared as well, by 98% to $19.59 billion during the period. Exports surged 52% to $7.71 billion during the first week of this month, and by about 40% to $6.35 billion in the second week of June. Overall, during April-May, exports …

“We forecast the growth of the Russian economy in 2021 by 3.2%, supported by strengthening domestic demand and rising energy prices,” it said in a report, adding that “The recovery will be sustainable in 2022, GDP growth will be 3.2% amid easing the effects of the pandemic and stabilizing prices …

Last week the European Commissioners announced a legislative proposal to make EU foreign-investment rules more stringent and address the alleged trade harm from foreign subsidies.  The move, which Commissioner for the Internal Market Thierry Breton has claimed would ensure that “no one can undermine the level playing field and Europe’s …

United has moved up the delivery of 40 Boeing 737 MAX aircraft to 2022 and altogether has 188 orders for the single-aisle max jets. The deal comes as United continues to push for a third government bailout. As the fourth-largest US carrier plans to purchase dozens of airplanes while seeking …

The report presented to Parliament on Friday projects the country’s real GDP to reach record growth of 11 percent from April 2021 through March 2022. It also forecasts nominal GDP to grow by 15.4 percent, the highest since independence. However, economists still see a contraction of 7.7 percent for the …

“The severity and magnitude of the current situation is such that effective response is beyond the capabilities of state and affected local governments,” Lee said Friday in a letter to Trump. He noted that the resources of state and local governments were depleted after they spent more than $175 million …