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Economy
Central and Eastern European clean tech exports on track to triple
Poland, Bulgaria, Croatia and Romania are on track potentially to rapidly scale up their clean tech exports, which could go a long way in helping the EU meet its net zero 2050 target, as well as increase its global competitiveness.
Economy
BoE delivers 'dovish hold' as growth stalls, trade risks rise
The Bank of England maintained its key interest rate at 4.75% in a 6–3 split vote, as inflation pressures persist and growth falters. Inflation rose to 2.6% in November, but growth is now forecast at 0% for the fourth quarter. Markets interpreted the decision as dovish.
Europe News
Putin’s end-of-year presser: ‘When everything is quiet, we are bored’
As Russia’s full-scale invasion of Ukraine is going into its third winter, Russian President Vladimir Putin held its annual end-of-year press-conference, two days after a Kyiv-orchestrated killing of a high-ranking general on the streets of Moscow.
Business
Germany's consumer climate still low, DAX eyes fifth straight drop
Germany's GfK Consumer Confidence Index rose slightly, but despite beating expectations, sentiment remains fragile amid high inflation and job insecurity. The DAX fell 0.9%, marking its fifth loss, as European markets slid on hawkish Fed signals.
