Russian business travellers are discovering Uzbekistan

Are sanctions-busters scouting out a new hub?

IMF corrects growth forecast upwards – Statista

Despite uncertain market conditions amid the Trump administration's tariff regime and major global conflicts, the International Monetary Fund has upped its global economic growth forecasts for 2025 and 2026 slightly, Statista reported on July 30.

Turkish banks conclude syndicated loan renewals with high rollover rates, longer maturities and lower costs

Country rolls over around $200bn each year.

Czech central banker sees limited scope for more rate cuts

The Czech National Bank (CNB) governor Jakub Seidler says he sees “limited scope” for more rate cuts due to persistent services inflaton, Reuters reported on July 30.

Hungary’s government finally faces reality, cuts 2025 growth forecast to 1%

When China sneezes, Mongolia catches a cold

Direct knock-on effects from US–China trade war stymie Mongolian economy.

Trump Administration's trade deals so far - Statista

On July 27, the United States and the European Union agreed on a trade deal that is lowering tariffs of 30% on European goods threatened by August to 15%, including on cars.

Gig economy gaining traction in Uzbekistan

Tashkent is working hard to expand its tax base.

Low trust in CBR communications pushes up inflation expectations to 13% - InFOM

Inflation expected by Russian households for the next 12 months did not change in the last month and remain elevated, according to according to InFOM’s survey, commissioned by the Central Bank of Russia (CBR). (chart)

Pakistan’s monetary policy and why the state bank should hold the line

Markets are watching closely to see whether the central bank will deliver another interest rate cut or decide to pause. From a macroeconomic standpoint, the prudent course at this juncture is to hold steady.

Moody’s upgrades Turkey to three notches below investment grade

Though substantially rebuilt, net FX reserves still 25% lower than in mid-March, when market turbulence followed the jailing of Istanbul mayor Ekrem Imamoglu.

Serbia to repatriate entire gold reserve amid global uncertainty

Serbia’s central bank plans to repatriate the country’s entire gold reserves from abroad, becoming the first Eastern European country to hold all of its bullion domestically.

Russia’s CBR cuts key rate to 18% to help cooling economy

The board of the Central Bank of Russia resolved to cut the key interest rate by 200 basis points from 20% to 18%, as strong disinflation trend in July untied the regulator’s hand in supporting the economy that slides from overheating to recession.

Putin’s public trust rating steady at 77.9% in July - VTsIOM

President Vladimir Putin’s public trust rating rose slightly to 77.9%, according to the latest data from the Russian Public Opinion Research Centre (VTsIOM), TASS reported on July 25.

Weekly deflation ahead of Russia’s CBR meeting

Russia's consumer prices fell by 0.05% week on week during the week of July 15 to July 21, following a slight increase of 0.02% the week before.

Turkey revives monetary easing cycle with 300bp rate cut

Finance industry has indicated Turkish markets will remain calm at least until big mid-September trial concerning opposition figures.

Serbia’s FDI falls nearly 70% in first five months of 2025

Slump in FDI raises concerns over Serbia’s economic trajectory, as foreign investment has been a key engine of growth, job creation and export expansion.

Moldova’s manufacturing sector posts strongest growth in 10 months in May

The May results show a significant recovery for the sector, which contracted sharply in late 2024

Fitch upgrades Trump’s effective tariff rate to 19.4%

President Donald Trump’s evolving trade policy is set to sharply increase the United States’ effective tariff rate (ETR), with Fitch Ratings warning of substantial rises as new duties take effect on August 1.

Geopolitics is weighing on FDI, capital chasing certainty over scale – study

The world is living through turbulent times, but investors are still chasing returns which has affected the flows of international foreign direct investment.