The member states of the Collective Security Treaty Organisation (CSTO) have decided to apply Article 25 of the organisation’s Charter to Armenia, which provides for the suspension of voting rights due to arrears in contributions.
Cocoa bean production in the 2026/27 marketing season in Côte d’Ivoire – the main supplier of this product to the global market – could fall by approximately 21–25 per cent. The reason is the notorious El Niño climate phenomenon.
Romania may face a second year of budgetary austerity in 2027, which is likely to be even more painful than the current one. To reduce the deficit, the government will likely have to freeze wages and pensions, raise excise duties and review tax breaks. This was stated by economic adviser Adrian Negrescu following warnings from President Nicușor Dan about the dire state of public finances.
The European Bank for Reconstruction and Development (EBRD) intends to invest $6 billion in renewable energy and energy transition projects in Turkey over the next five years.
The European Union is drawing up a package of protectionist measures to safeguard local manufacturers and restrict foreign competitors’ access to its internal market. The most extreme measure would be a complete ban on Chinese imports. The package of measures under discussion builds on the EU’s ‘strategic autonomy’ policy, which the European Commission has been promoting since 2023 in the wake of the energy crisis.
The five most expensive diamonds ever sold at international auctions fetched a total of approximately $294.3 million. The ranking is dominated by three pink and two blue stones. Their exceptional rarity, colour saturation and flawless characteristics have secured them a place amongst the world’s most expensive jewels.
Previously, visa policy had served as one of the main channels for attracting specialists to the technology sector.
Irritation and nervousness are mounting among European leaders – the next EU budget for 2028–2034 needs to be agreed as soon as possible, yet the positions of the various parties are drifting further and further apart.
The first power unit at Romania’s Cernavodă nuclear power station was shut down again on 9 November, just three days after resuming operations. Due to a fault in the conventional, non-nuclear part of the plant, Romania was forced to increase its electricity imports, and spot market prices rose.
Tesla is preparing to wind down production of the Cybertruck as early as summer 2027. This decision is the clearest indication yet that the market for large electric pick-up trucks has proved to be significantly smaller than car manufacturers had anticipated, having hoped to convert their most profitable models into electric vehicles.
