The MICEX index was up 23% year to date as of December 6 and its sister index, the dollar-denominated RTS, was doing even better, up a massive 41%, making it the best performing index in the world.
If you build the resorts, will anyone come?
The measures are the latest in a series of reforms aimed at whitening the Hungarian economy, but critics point out the government has failed to take a similar stance against high-level corruption that blights the economy.
A bne investigation and a leaked letter from the UK's SFO shows that Kazakh miner Eurasian Resources Group has some way to go before it can escape its reputation for shadowy deals while it existed as ENRC.
Despite the external blows of Brexit and then ‘Trumpquake’, there was a general improvement in Central and Eastern Europe’s transaction climate in 2016.
With just a handful of success stories so far, Romania’s fintech scene is still at a very early stage. But initiatives like Bucharest TechHub’s recent Fintech Month and support from companies and banks are intended to help foster the industry.
Post-Euromaidan state prosecutors continue to have links to money laundering and organised crime, leaked documents show.
Hungary stands out not only for the length and depth of its harsh anti-immigrant campaign, but also the close support of the Catholic Church in the state's fight against Muslim refugees.
Originally known only as the underlying technology for Bitcoin, blockchain has rapidly seen its reputation grow as a potentially disruptive technology whose applications lie far beyond the crypto-currency and the financial market.
The central bank deputy governor claims the NBU’s interest rate policy proved “very successful” in 2016.
As global technology giants like Google and Facebook transition from helping people navigate the web to become content providers in their own right, at least one smaller competitor is keeping pace – the Czech firm Seznam.
Boosted by the economic crisis, BlaBlaCar wants to modernize travelling in Russia. The French intercity online car sharing comes to Russia's regions.
Albania’s Socialist-led government received just rewards for its reform efforts when the European Commission recommended the launch of EU accession negotiations, saying the candidate country has made steady progress on the priorities set.
After her husband Donald’s shock victory in the US presidential election on November 8, Melania Trump is about to become the first non-US born first lady in two centuries.
Unpredictability is never an asset in foreign or defence policy, so the election of the mercurial Donald Trump to the US presidency is already causing conniptions in European capitals, especially those of Central Europe.
“Western politicians haven’t forgiven Russia for Crimea, but the markets have.” The Russian bond market is booming in a welcome relief for the Kremlin. The rest of CEE not so much, as the ECB QE programme depresses yields to historic lows.
With tighter regulatory rules looming, life is not going to get any easier for the region’s banks.
There might be a way for British entrepreneurs and digital companies to dodge Brexit if they take up e-residency in Estonia, even if they physically remain in the UK and never visit the Baltic country.
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