News Snapshot:
17m ago 01.37 EST Persistent high inflation, fuelled by elevated gas prices, will limit growth recovery in the ex-Soviet bloc this year, Europe’s development bank forecast today. While wholesale gas prices in Europe have largely returned to levels seen before Russia’s invasion of Ukraine 12 months ago, “in real terms, such levels are comparable to the highs of the 1980s”, the European Bank for Reconstruction and Development said in a key report. Founded in 1991 to help former Soviet bloc countries switch to free-market economies, the EBRD has since extended its investment reach to include nations in the Middle East...
