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Pig slaughtering in the EU increased by 0.7% to 146 million from January to August 2024, with pork production rising by 1.9% to 13.9 million tons, indicating a halt in the previous downward trend. Pork exports stabilized at 2.50 million tons, with China reducing its purchases by 7.3%, while significant increases were seen in exports to the Philippines, South Korea, Vietnam, and the USA.
Slaughter pig markets in the EU are stable ahead of Christmas, with prices holding steady in Germany at €1.92/kg and Austria at €1.86/kg. Italy sees a decline, with prices dropping to €1.933/kg for freely marketed pigs. Overall, demand is expected to rise, but significant price increases have yet to materialize.
Slovakia, known as "Europe's Detroit," faces significant risks from potential U.S. tariffs under President-elect Trump, as nearly 74% of its exports to the U.S. are passenger cars. The country, which has rapidly developed its automotive industry, now relies heavily on this sector, employing over 250,000 people. While European lawmakers are wary of Chinese competition, the uncertainty surrounding U.S. trade policies poses a new challenge for Slovakia's economy.
At a recent press conference, Raiffeisen Capital Management unveiled its CEE Asset Management Radar, highlighting the growth potential of the asset management industry across fourteen Central and Eastern European countries. The radar combines economic data with asset management trends, forecasting a compound annual growth rate of 12.1% for the region, driven primarily by net inflows. Raiffeisen Group's assets under management reached a record high of nearly 65 billion euros, reflecting a robust recovery and increasing interest in sustainable investments.
Raiffeisen Capital Management has reached an all-time high of nearly EUR 65 billion in assets under management, with a significant portion invested responsibly. The fund savings segment in Central and Eastern Europe (CEE) is rapidly growing, reflecting broader societal engagement in capital markets. Forecasts indicate strong growth potential in CEE, with local assets expected to surpass those of Austria by 2028.
Liberty Global Ltd. offers converged broadband, video, and mobile communication services across Europe, operating under brands like Telenet, Virgin Media, and VodafoneZiggo. The company utilizes advanced fiber optic and 5G networks, providing over 80 million connections. Its investment arm, Liberty Growth, holds stakes in over 75 companies in content, technology, and infrastructure sectors.
Liberty Global Ltd. provides converged broadband, video, and mobile communications services across Europe, operating under brands like Telenet, Virgin Media, and VodafoneZiggo. The company boasts over 80 million connections and has a global investment arm, Liberty Growth, with a diverse portfolio in content, technology, and infrastructure sectors. Its mobile services are delivered through various models, including mobile network operations and virtual network operations.
Russia will suspend gas deliveries to Austria starting Saturday, marking the end of its last significant gas flows to Europe via Ukraine. This decision follows a contractual dispute between Gazprom and Austria's OMV, with Austria prepared for the cut-off, ensuring sufficient gas storage for winter. The move reflects Russia's diminishing role in European energy supplies, as countries seek alternative sources amid ongoing geopolitical tensions.
EU prosecutors are investigating a half-billion-euro fraud linked to the Camorra and Cosa Nostra, focusing on the European People’s Party chief Manfred Weber's 2019 Commission presidency bid. In other news, the EU will release €799 million to Slovakia following improvements in rule-of-law concerns, while the new Euronews boss reassures staff about editorial independence amid worries over political influence.
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