Norway’s new government will favour continuity

2021 ◽  
Keyword(s):  
Financial Markets ◽  
Climate Policy ◽  
Energy Prices ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
The Core ◽  
Eu Membership ◽  
The Government

Significance The Labour, Centre and Socialist Left parties together hold a majority of parliamentary seats. Labour and Centre seem certain to form the core of the government; they might rule as a minority if they cannot bridge disagreements with the more radical Socialist Left over tax and climate policy. Impacts The election represents the best result for anti-EEA parties since Norway’s 1994 vote to reject EU membership. A sustained downturn in global financial markets could reduce the spending resources of Norway’s huge sovereign wealth fund. European demand for Norwegian gas will increase amid rising energy prices across Europe, partially caused by reduced production.

Strong finances will help Russia fund budget deficit

2020 ◽  
Keyword(s):  
Budget Deficit ◽  
Risk Averse ◽  
Energy Prices ◽  
Global Energy ◽  
Sovereign Wealth Fund ◽  
Fiscal Stimulus ◽  
Government Bonds ◽  
Content Type ◽  
Budget Planning ◽  
The Government

Significance Hit by the COVID-19 pandemic and plummeting global energy prices in the first half of the year, the government drew on its substantial reserves to fund fiscal stimulus and additional pandemic-related spending. Its focus has shifted to domestic borrowing through bond issuance. Impacts The cut-off price used in budget planning is likely to be reduced, affecting the government's scope to plug revenue gaps. A domestic recession will make banks more risk-averse and keener to buy government bonds. Depreciation will boost the ruble-denominated value of the sovereign wealth fund.

Energy reform will hit investor confidence in Mexico

2021 ◽  
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Agreements ◽  
The United States ◽  
Energy Prices ◽  
Content Type ◽  
Investor Confidence ◽  
International Trade Agreements ◽  
The Government ◽  
Energy Reform

Significance The government will appeal the rulings, which follow action by renewables firms. With constitutional battles over energy investments already unfolding, the future of Mexico’s energy framework has been thrown into turmoil. Impacts Increasing energy prices will probably push inflation above Banxico’s upper target limit of 4%. AMLO’s apparent disregard for international trade agreements will strain relations with the United States. AMLO’s pro-austerity fiscal stance could take a toll on his popularity.

Indonesia’s new investment ministry faces headwinds

2021 ◽  
Keyword(s):  
Central Bank ◽  
Foreign Investment ◽  
Short Term ◽  
Sovereign Wealth Fund ◽  
Content Type ◽  
Speed Up ◽  
The Government ◽  
Roll Out

Significance The government hopes greater domestic and foreign investment can help turn around the pandemic-hit economy. The governor of Bank Indonesia (BI), the central bank, last week said GDP should grow by 4.6% in 2021, compared with last year’s 2.1% contraction. Impacts Indonesia will count on private vaccination, whereby companies buy state-procured jabs for their staff, to help speed up its roll-out. The Indonesia Investment Authority, a new sovereign wealth fund, will prioritise attracting more investment into the infrastructure sector. Singapore will continue to be Indonesia’s largest source of FDI in the short term.

Five-party Czech government must compromise on policy

2022 ◽  
Keyword(s):  
Prime Minister ◽  
Energy Prices ◽  
Member States ◽  
Content Type ◽  
Eu Integration ◽  
The Government ◽  
Social Uncertainty

Significance The five-party coalition enters office at a time of intense economic and social uncertainty resulting from the COVID-19 pandemic, rising debt and soaring energy prices. Prime Minister Petr Fiala's greatest challenges involve negotiating between the five coalition partners and restoring respectability to Czech politics. Impacts The new government will be less sceptical about closer EU integration, given the upcoming Czech EU presidency from mid-2022. The government will try to reopen EU Green Deal chapters to renegotiate compensation for highly industrialised member states. Former Prime Minister Andrej Babis may run for president in 2023. Babis will strive to avoid losing parliamentary immunity from prosecution relating to the Stork’s Nest affair and alleged EU subsidy fraud.

Core – competencies – a key to future – oriented and sustainable e-governance implementation: a mixed method research

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Apeksha Hooda ◽  
M L Singla
Keyword(s):  
Service Quality ◽  
Mixed Method ◽  
Core Competencies ◽  
Partial Least Square ◽  
Least Square ◽  
Mixed Method Research ◽  
Content Type ◽  
The Core ◽  
Strategic Implementation ◽  
The Government

Purpose The purpose of this paper is to empirically identify the themes of core-competencies required for future-oriented and sustainable e-governance practices, especially across the developing nations. Design/methodology/approach The present study has been conducted using the sequential mixed method research wherein the exploratory qualitative study is first carried out with the government officials involved in e-governance implementation across India to identify the themes of core-competencies. The findings of this exploratory study are then empirically tested with the 359 respondents from Group A and Group B officers of the two government departments in India using partial least square technique. Findings The findings suggested that to ensure the implementation of future-oriented and sustainable e-governance, it is required to develop the core-competencies. The significant core-competencies explored are, namely, process management, employee engagement, internal service quality, external service quality, citizen satisfaction, leadership, culture and technology. Research limitations/implications As strategic implementation of e-governance is a relatively new area of study, the present study has used the learning from core-competencies studies in the non-government sector. Practical implications The findings of this study underscore the need for strategic implementation of e-governance to have long-term success of e-governance. The requirement is to develop the core-competencies. These core-competencies are the key to making the government departments proactive in dealing with any future contingency without compromising on the departmental performance. Originality/value The present research is one of the few research studies focusing on the implementation of sustainable and future-oriented e-governance. The current study has laid the stepping stone for investigating the role of core-competencies to ensure the implementation of sustainable and future-oriented e-governance.

UK government moves to cut energy wastage and bills

2015 ◽  
Keyword(s):  
Energy Efficiency ◽  
Energy Demand ◽  
Energy Prices ◽  
Protection Measures ◽  
Household Energy ◽  
Content Type ◽  
Improve Energy Efficiency ◽  
Uk Government ◽  
The Government ◽  
The Uk

Subject UK government energy efficiency initiative Significance The government had previously cooled towards environmental protection measures, but it has now introduced rules that oblige landlords to improve energy efficiency in the rented buildings sector. The initiative comes as household energy bills remain high, despite recent reductions in energy prices, and the political salience of energy affordability has risen. Fuel poverty and the potential of improved energy efficiency to mitigate it are issues across much of the EU. Impacts The government's initiative may encounter implementation difficulties, particularly if the new rules are not given a high public profile. High retail energy prices will keep energy affordability as a politically salient issue, in the UK and EU. The current slump in international oil prices has yet to feed fully into sustained reductions in retail gas and electricity prices. A drop in retail energy prices could blunt the momentum behind policies to improve energy efficiency, and revive energy demand.

'Brexit' fallout could hit EU financial assets widely

2016 ◽  
Keyword(s):  
Financial Markets ◽  
Current Account Deficit ◽  
Financial Assets ◽  
Government Bonds ◽  
Content Type ◽  
Eu Membership ◽  
Run Up ◽  
High Yields ◽  
The Uk ◽  
The Eu

Subject The potential fallout from 'Brexit' on both UK and EU-wide financial assets. Significance In the run-up to the June 23 referendum on the United Kingdom's EU membership, the 'Brexit' risk has been weighing on UK confidence and investment. The reaction in financial markets has been more benign, with the pound rising by 3.6% against the dollar since end-February and a 54-basis-point (bp) year-to-date fall in the ten-year gilts yield. The absence of a 'Brexit premium' suggests investors may be underpricing both the UK-specific and EU-wide risks associated with a UK exit from the EU at a time of heightened market volatility. Impacts UK government bonds, along with their US equivalents, will remain attractive to investors because of their relatively high yields. Meanwhile, euro-area and Japanese bonds, whose yields are negative or slightly positive at best, will remain unattractive. The prolonged uncertainty during the post-referendum renegotiations could shave 1.0-1.5 pp off UK GDP growth by end-2017. The wide UK current account deficit and the country's reliance on foreign capital underscore the risks associated with Brexit.

Dutch election could be two-party race

2017 ◽  
Keyword(s):  
Social Issues ◽  
Right Wing ◽  
Left Wing ◽  
Liberal Party ◽  
Association Agreement ◽  
Content Type ◽  
Eu Member States ◽  
Eu Membership ◽  
The Government ◽  
The Eu

Significance Months of negotiations between the government, parliament and EU member states on the Netherlands’ approval of the EU-Ukraine Association Agreement -- which Dutch voters rejected in a referendum last April -- damaged the electoral prospects of Rutte's Liberal Party (VVD). However, he reached a provisional deal in December. His success in temporarily parking this contentious issue comes amid the unfolding of a two-party race between the VVD and the PVV in the final weeks before the elections on March 15. Impacts If the VVD stays in power for another term, a referendum on EU membership is highly unlikely. The VVD’s tougher stance on immigration and integration could attract right-wing voters and make it a more tempered alternative to the PVV. The Labour Party may shift its focus from economic to social issues to differentiate itself from the VVD and attract left-wing voters.

Prospects for the EU in 2016

2015 ◽  
Keyword(s):  
Financial Markets ◽  
Macroeconomic Policy ◽  
Content Type ◽  
Eu Membership ◽  
The Eu

Subject Prospects for the EU in 2016. Significance The EU faces overlapping crises, in security, migration, macroeconomic policy and financial markets, when it must also deal with the United Kingdom's forthcoming EU membership referendum and related demands to renegotiate membership terms. The EU's crises matter not because of their number but because the bloc's efforts to act in any one area run into conflicts in others. Efforts to resolve these contradictions will dominate the politics of 2016, but may delay or undermine the effectiveness of the EU's response to any one of its crises.

United Kingdom's Corbyn unlikely to face coup soon

2015 ◽  
Keyword(s):  
Foreign Policy ◽  
Prime Minister ◽  
Labour Party ◽  
General Election ◽  
Leadership Positions ◽  
Content Type ◽  
Policy Issues ◽  
Eu Membership ◽  
The Government ◽  
Parliamentary Support

Significance The centrist, 'Blairite' section of the party has been defeated and largely excluded from leadership positions. Corbyn's past statements and policy stances are widely believed to render him implausible as a potential prime minister, and thus the Labour Party unelectable with him as leader. The likelihood of the governing Conservatives winning the 2020 general election has increased. Impacts Corbyn is likely to back continued UK EU membership in the referendum, helping to protect him from an early party coup. Because of his previous ambivalence, Corbyn's backing for continued EU membership will make it harder for the left to back 'Brexit'. Foreign policy issues will be among the most difficult under Corbyn, both within the party and with the government. Given the government's small majority, Corbyn's win will make parliamentary support for air strikes against Syrian targets harder to secure. Corbyn's win is unlikely to restore Labour's fortunes in Scotland, potentially boosting support for independence.

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