**Global Economy Faces Uncertainty**
Central banks controlling over 40% of the world’s economy will meet next week to set interest rates. This includes a possible record hike in Russia, where inflation is expected to reach 9% in 2024.
Russia’s Central Bank is expected to increase rates by 200 basis points, reaching a record high of 23%. The US Federal Reserve, the biggest central bank, faces uncertainty between a booming economy and highly inflationary Trump tariff plans. It is expected to modestly cut rates on Wednesday.
**Ukraine Update**
The Verkhovna Rada’s final plenary week of the year will take place from December 17-20. A significant focus will be the first reading of the bill addressing the construction of Units 3 and 4 at the Khmelnytskyi Nuclear Power Plant. Energy Minister Herman Halushchenko is strongly advocating for this project.
Lawmakers will also consider legislation on multiple citizenships. In Croatia, the presidential election campaign is underway, with incumbent President Zoran Milanović leading current polls.
**Key Events**
* December 17: “The Path to the EU” hybrid conference in Kyiv and online, discussing Ukraine’s macroeconomic challenges and EU integration.
* December 17: Online webinar on “Barriers to Business Operations – Infrastructure, Logistics, and Supply Chain Barriers and the Impact on Exporting”.
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