Risk Watch

Bahrain  31/07/09

Jobseekers Demonstrate in Bahrain

Unemployed Bahraini education professionals have been demonstrating for lack of employment opportunities. At the same time, there is growing unease about the recruitment of non-Bahraini teachers....
Bahrain  31/07/09

Kuwait to Abolish "Kafeel" Sponsorship System

Kuwait announced that it will abolish the "kafeel" system of sponsoring foreign workers. The system is widely practiced in all the GCC and it is described by critics as "modern slavery". ...

Dubai Issues Second Tranche of Bond Programme

Dubai issued the second US $10 billion tranche of its sovereign bond programme. The vagueness of the announcements accompanying the bond issue raises questions about the health of the Dubai economy....
Bulgaria  29/07/09

Minority Government in Bulgaria

The new Bulgarian PM Boyko Borisov decided to constitute a single-party government. He will probably need a coalition partner after a year for stability....
Macedonia (FYROM)  29/07/09

PM Trying to Rebuild his Cabinet after Resignations

Macedonia’s conservative PM Nikola Gruevski is rebuilding his cabinet after the resignations of several ministers....
Poland  29/07/09

Disagreements between Tusk and Kaczyński hinder budget-controlling efforts

The rising Polish budget deficit pits the PM and the President against each other. Disagreements and political fights endanger the curbing of the deficit....
Czech Republic  29/07/09

Czech GDP to Possibly Fall in 2010 too

According to a revised estimate of the Ministry of Finance the Czech economy is likely to contract by 4.3% this year, which would be the steepest decline in GDP in the history of the Czech Republic....
Romania  29/07/09

Corruption Charges Amid Economic Woes

Romania’s economic outlook has not improved, and the budget deficit is becoming a concern for more economic players, and corruption charges against ministers do not help either....
Hungary  29/07/09

The Language Act Continues to Stir Controversies

The Slovak State Language Act is in favour of the leading governing parties regarding the elections due in 2010, but preserves bad relations with Hungary....

Dubai’s Economy Faces More Difficulties

Dubai’s economy faces more difficulties as the merger between lenders and Amlak and Tamweel and their support by the federal government is put into doubt. In addition unemployment is rising....
Kuwait  15/07/09

Kuwaiti Interior Minister Survived a Vote of No-confidence

The Kuwaiti interior minister has survived a vote of no-confidence, public support for the opposition in its attempts to delegitimize the government seems to have waned....
Bahrain  15/07/09

Agreement Will Help Alleviate Electricity Shortages in GCC Countries

The signing of the agreement for the GCC-wide connection between the electricity grids of the GCC member states will help alleviate electricity shortages in various GCC countries....
Czech Republic  09/07/09

Czech budget deficit to approach the Polish

Budget deficit to grow due to flood damage, and continuous debate on the ratification of the Lisbon Treaty....
Hungary  09/07/09

Slovakian Opposition Steps up Attacks

Former Slovakian PM Mikuláš Dzurinda is attacking the government with a similar rhetoric as Mr. Fico did before the 2006 elections. The Hungarian-Slovakian relationship hasn't improved....
Bulgaria  09/07/09

Bulgaria elects a center-right ruling party with 40% Majority

The next government will be dominated by center-right CEDB, that won 116 seats in the 240-member Parliament on the 5th July elections. It will have a tough time, as the deficit is expected to grow....
Macedonia (FYROM)  09/07/09

Economic troubles in Macedonia (FYROM)

The financial crisis is taking its toll on the country, and the Prime Minister wants EU mission to end....
Poland  09/07/09

Poland feels economic crisis even harder

The government will revise Euro adoption plans in light of worsening economic outlook, and it has revised the budget deficit plan, increasing it to PLN 27 billion....
Romania  09/07/09

Campaign in Romania Gears up amid Bleak Economic Outlooks

Romania’s economic outlook remains bleak in 2009. Published reports expect a 7% GDP drop. The coming presidential election campaign casts doubt on the implementation of all the necessary steps....
Bulgaria  18/06/09

Bulgarian results on the European Parliamentary elections seen as indicator

The results of the European Elections in Bulgaria showed that the governing parties still hold majority of the votes, but not enough for a majority after the July elections. FDI saw a 50% decline YoY....
Czech Republic  18/06/09

ODS comeback on the Czech EP Elections

The European election is seen as an indicator of party strengths ahead of early general elections in the Czech Republic; however, balance of forces can change radically in the next few months....

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