DXC Technology and Russia’s Luxoft, two major, NYSE-listed IT service providers, announced a definitive agreement for DXC to acquire Luxoft, reported East-West Digital News (EWDN) in the first week of January.
International bond issues had a mediocre year in Central and Eastern Europe in 2018. While Central Europe more or less held its own, bond issues in CIS were halved in both volume and size.
53% Russians said in December that they want the government to resign, up from 33% in November, according to the most recent poll by independent pollster the Levada Center.
Dealing effectively with garbage became a political issue in 2018 after 25,000 people took part in a protest over the poor state of a landfill that hosts Moscow’s rubbish.
Rumours have been swirling on the Russian bank market that the oligarch owner of Alfa-Bank Mikhail Fridman is in talks to sell up, though this has been denied by the bank.
The Association of European Businesses expects growth to continue in 2019, albeit at a slower pace.
Belgrade anticipates fresh support for its railway infrastructure during Russian President Vladimir Putin's upcoming visit.
The $1bn reportedly paid by the US film streaming service for rights to the popular sci-fi series would be a record for a media rights sale in Russia.
The two state-owned banks have been tasked by the government to set up a new domestic airline, to improve transport links within the country that stretches across eight time zones.
Russia finished 2018 with inflation of 4.3% in excess of the Central Bank of Russia (CBR) 4% target rate, Rosstat reported on January 10, the central bank is unlikely to react to the price rises until its meeting in March.
The trade turnover between China and Russia set a new record high in 2018, and is now on the way to reaching the next target of $200bn by 2020.
Naftogaz CEO Andrei Kobolev said the claim will provide an opportunity for Ukraine to compensate losses from bypassing transit of Russian gas.
World Bank says that inflation will remain low this year and growth will be 1.5%, the same as in 2018, according to the multilateral’s January 2019 World Economic Outlook.
Russian daily Vedomosti calculated which investments paid out the most in 2018 and the winner was the stocks and bonds of Russian conglomerate AFK Sistema that returned 128% and 55% respectively
Transition from the socialist system came at an enormous cost for most of the countries in Central and Eastern Europe in terms of unemployment and poverty, but now the fight against unemployment is almost won.
In 2018, the Russian currency lost 21.1% of its value against the dollar and 15.5% versus the euro.
Part-time workers were disproportionately affected by pay delays, with 22% saying they had received late pay, compared to 14% of full-time workers.
Sky high inflation has been the bane of emerging Europe for most of the last two and a half decades. The beast has been slain in most countries of the region, but the battle continues in others.
Russia’s economy slowed somewhat as the holiday season started, with the IHS Markit Russia manufacturing and services indices slowing in December from previously strong results in November but remaining above the 50 no-change mark.
The index that measures footfall in Moscow’s biggest malls remains at a four-year low despite reaching its second highest level for 2018 in November.