• Amendment to the Payment Transactions Act
• LEX Ukraine II
   

In the wake of Russia’s invasion of Ukraine, our global food systems are struggling to feed those most at risk.

Russia’s invasion of Ukraine has led to a major humanitarian crisis, not just in Ukraine but also around the world. Given the region’s importance as a breadbasket to the world, the impact on key food commodities such as wheat and sunflower oil has been immediate, resulting in massive shortages and price shocks. What’s worse, Russia is a key producer of fertilizers and of the energy needed to distribute available food and to grow more.

If the ‘great resignation’ has taught employers anything, it’s to not take their workers for granted. Yet many companies risk doing exactly that—whether it’s by not paying close enough attention to skilled workers who are at elevated risk of quitting, by failing to support workers who seek personal fulfilment and meaning at work, or by missing opportunities to build the trust that so often leads to positive outcomes at the personal, professional and even societal levels.

• Weakened GDP growth in 2022
• Increased inflation due to higher energy and food prices
• Erste Group remains on solid growth track

While economic growth in CEE and Austria remained robust during the first quarter of 2022, the full-year outlook for the region has been lowered– as it has for Europe as a whole. Inflation levels in the CEE region are expected to remain elevated.