The determinants of economic growth expected in the coming years suggest that the times of a large budget, treated in Russia as the guarantee of stable economic growth, have irrevocably become a thing of the past.
The decision to cancel a shareholder agreement of Nord Stream 2 AG, the operator of the Nord Stream 2 gas pipeline, was taken unanimously at the board of directors meeting on November 9th, Gazprom said in its press release.
When the leaders of the EU states decided to extend economic sanctions imposed on Russia by another half a year, Polish producers received this news calmly.
In 2015 the global spending on armaments was USD1.7 trillion. That's about 1 per cent more than a year earlier.
The Ukrainian crisis has shown that energy security in Central and Eastern Europe, particularly as regards the supply of natural gas, is not at all as certain as it seemed until recently.
The worst of the economic slump in Russia may be over the IMF has said, but it warned of possible euro-zone stagnation and shifting politics that could make Central and Eastern Europe's prospects increasingly uncertain.
The countries of Central and Southeast Europe have stopped narrowing the gap even with sluggish Western Europe as a result of slower productivity growth and lower capital accumulation in the Western Europe.
The Russian economy is going through the most difficult times in the 16-year-period of Vladimir Putin’s rule. The years of foreign investment expansion may be history.
Looking in from the outside, Russians are acting irrationally. Before looking at why the Russian economy is bad it makes sense to look at a few areas of the Russian economic weather in which there is no sign of the sun.
The announced construction of a new gas pipeline, the Nord Stream 2, raises questions about the economic and political power of Russia and Gazprom.