globalEDGE Blog - By Tag: hungary

As birth rates around the world continue to shrink, world governments are spending billions of dollars to combat this. Yet, there has been little progress in slowing down the continued shrinking birthrates through Europe, Asia, and the United States. This has caused worry in governments around the world about the increased burdens on their economies and the lack of workers needed.

Tensions across Europe are escalating as a potential energy crisis is looming in the near future. In June of this year, Russia cut off all gas supplies to Ukraine, citing Ukraine's failure to payback debt. Ukraine has since been receiving gas from Hungary, Poland, and Slovakia. Hungary, however, suspended the flow of natural gas to Ukraine last Friday, intensifying the energy crisis in Ukraine.  Ukraine is dependent on natural gas to heat homes and to power industry during the rapidly approaching winter months.