There was a flurry of bond issues in Central Europe in November, with a total of seven new bonds that raised $3.4bn, or four-times more than in the same month a year earlier.
Aside from their reforming zeal, the top performers from the CEE/CIS region on the World Bank’s latest Doing Business index have another thing in common: they all have populations of under 4mn.
Nine-month figure maintains momentum of 4.2% posted for first half of year, growth very much reliant on mild Russian economic recovery and relaunch of giant Kashagan oil field.
Last year saw total mutual FDI stock within the bloc reach $26.8bn with Russia remaining responsible for the lion’s share of outward investment.
Azerbaijan’s economy will shrink by 1% this year, according to the latest IMF forecast, but will return to growth next year with a 2% expansion, the fund predicts.