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Putin's chef admits interfering in US elections
RUSSIA / FSU POLITICS · In Brief · 08 Nov 2022

On November 7 Yevgeny Prigozhin finally admitted what he had denied for years: that he interfered in US elections. Prigozhin is very close to Putin and is under sanctions from the US and EU. He vowed to continue to ''interfere...carefully, surgically and precisely.'' The Russian Government has de...

Politics: AMLO shifts focus from public security to political reform and presidential hopefuls
MEXICO · Report · 07 Nov 2022

With his militarization of public security measures having already passed Congress and well on their way to final ratification, President López Obrador has been free to focus on the next phases of his strategy to ensure that his Morena party will retain its hold on the National Palace following t...

Economics: Surprisingly strong 3Q results bode well for 2022, although methodological doubts remain
MEXICO · Report · 07 Nov 2022

The most recent broad readings of economic activity in Mexico proved to be much stronger than had been expected. Inegi’s preliminary estimate of third quarter GDP showed the economy expanding an annual 4.3% according to seasonally adjusted data. The IGAE monthly GDP proxy for August showed a 4.2%...

Approval of Hungary's CAP plan by the EU Commission is an important step forward but no game changer
HUNGARY · In Brief · 07 Nov 2022

The news came today that the EU Commission had approved Hungary's plan to use its €8.4bn grant quota under the Common Agricultural Policy (CAP) section of the new 7-year EU budget. This is an important step forward, as previously no parts of Hungary's utilisation plan for the new budget and the R...

Challenges in assembling the new government and other weekly topics
BRAZIL POLITICS · Report · 07 Nov 2022

The government transition team will be installed under the coordination of future Vice President Geraldo Alckmin (PSB). President-elect Lula (PT) will have meetings with the presidents of the House, Arthur Lira (PP), the Senate, Rodrigo Pacheco (PSD), and the STF, Rosa Weber. The Transition PEC w...

Synthesis of the Brazilian Economy
BRAZIL ECONOMICS · Report · 07 Nov 2022

Lula’s victory in the second round, with 50.9% of the valid votes, a difference of only 2.1 million votes, reveals a deeply divided nation. Lula won in the Northeast and Bolsonaro prevailed in the other four regions. The majority of governors elected or reelected come from the opposition, includi...

Russia political/pandemic update: history repeats itself, once again
RUSSIA ECONOMICS · Report · 07 Nov 2022

Apart from the many unpleasant social, economic, and political effects of the coronavirus pandemic, a few developments gradually affected economic behavior in a rather creative fashion. One of them was that many employers and employees realized that one could do almost the same job without going ...

Lula will meet with the presidents of the House, the Senate and the STF tomorrow, a PEC is being discussed to allow for more public spending next year, and the full transition team will be announced this week
BRAZIL POLITICS · Report · 07 Nov 2022

Today, Lula will have a meeting with Geraldo Alckmin, who was appointed as coordinator of the transition team. On Tuesday, Lula will be in Brasília. He will have meetings with Lower House President Arthur Lira (PP-AL), Senate President Rodrigo Pacheco (PSD-MG) and Supreme Federal Court President ...

Will fiscal credibility be maintained?
ISRAEL · Report · 07 Nov 2022

Netanyahu to form the next government * The right wing/ultra-religious parties received 64 mandates (out of 120) and should have no problem forming a stable coalition. * The fiscal demands of the ultra-orthodox parties include cancelling the tax on soft drinks and disposable utensi...

Will fiscal credibility be maintained?
ISRAEL · In Brief · 06 Nov 2022

Netanyahu to form the next government The right wing/ultra-religious parties received 64 mandates (out of 120) and should have no problem forming a stable coalition. The fiscal demands of the ultra-orthodox parties include cancelling the tax on soft drinks and disposable utensils, as well as incr...

A head full of dreams
TURKEY · Report · 06 Nov 2022

The politics section of the Weekly Tracker is dedicated to a lengthy and personal essay by the politics author, who felt the need to reiterate and defend his elections scenario. A summer bump in the poll standings of Erdogan and the AKP-MHP alliance caused even a majority of pro-opposition commen...

Hungary rejects president Putin's words that it may have territorial claims on Ukraine
HUNGARY · In Brief · 06 Nov 2022

A short while ago, president Putin was reported as saying that Poland, Romania and Hungary might have territorial claims on Ukraine, as large territories were taken away from these countries earlier, which now belong to Ukraine. The Hungarian Foreign Ministry responded as: "We do not regard as ap...

Industrial producer price inflation decelerates in September, for the first time in the last 12 months
HUNGARY · In Brief · 06 Nov 2022

Industrial producer prices rose by 1.8% mom, 42.7% yoy in September. The August data was +4.1% mom, +43.4% yoy. One could say that the deceleration was just marginal, as regards the year-on-year data at least. Yet, this was the first time over the last 12 months that a lower yoy number appeared t...

Russia and Iran's relationship deepens
RUSSIA / FSU POLITICS · In Brief · 06 Nov 2022

On November 5 Iran said it sold military drones to Russia but claims that was only before the Russia-Ukraine War began. Western countries have imposed additional sanctions on Iran, claiming that Iran sold drones to Russia in September 2022. Iran and Russia are both suffering from sanctions. They ...

Uncertainty about the Battle of Kherson
RUSSIA / FSU POLITICS · In Brief · 05 Nov 2022

On November 4 Putin said that the civilians still in Kherson are being evacuated. He spoke about the shelling and the intensifying fighting.  Putin said that 49,000 of the 318,000 mobilized reservists who were called up in September 2022 have been sent to Ukraine. Open media sources have confirme...