The economic downturn in the emerging markets raises questions about their future. Will they continue catching up with the developed economies in spite of the current downturn, as they have over the past 20-30 years?
Russia marked the first anniversary of the introduction of economic sanctions by destroying tons of foreign food. Will soon grocery stores shelves be empty?
Economically undermined and deprived of allies, Russia is trying to be a "big shot" in Syria and to maintain an important position on the world’s political map. Sebastian Stodolak talks to Eugene Rumer from the American think-tank, Carnegie Endowment for International Peace.
At the third extraordinary summit of the European Union this year, an additional EUR1bn has been allocated for dealing with the migration crisis. But it has been already known that it’s not enough.
“Despite the problems, one cannot talk of Gazprom's bankruptcy,” believes Konstantin Simonov, a Russian energy expert. Jakub Biernat talks to him on the future of the largest Russian company.
According to official statistics, number of Russian poor people has reached 22 million. The percentage of Russians living below the poverty line is 15.9 per cent in Q1’2015.
The economic sanctions are only a tertiary cause of Russia's trouble with economic growth. The recession is in full swing, but Vladimir Putin will not reform the economy – argues Sergei Guriev, former President of Moscow's New Economic School.
The decline in oil price and economic sanctions deepened the slowdown in Russia’s GDP lasting from 2011. Due to the lack of internal and external growth drivers, this time Russia is unlikely to return to a high-growth path over the next few years.
Reports of international experts warn of a slump in investments, but despite the sanctions, foreign companies in Russia are expanding or beginning new projects. It is true, the inflow of capital is lower, but it has not dried up.
The Russian embargo on the Polish food imports will result in excess supply arising on the domestic food market. The lower demand in Russia will not be compensated by consumption in Poland. The goods exported to Russia belong to the group of goods the real consumption of which has been dropping in Poland in recent years.