Summer could see LSE-listed lender start banking operations in country riding wave of ‘Mirziyoyev’ reforms. Central Asian nation has low but rising penetration of banking products.
After signing off on a new gas transit deal in the last days of last year, Ukrainian authorities backed off their threat to more than triple gas tariffs for domestic producers in an effort to keep the pipeline system from going bankrupt.
China became the top investor in CEE in 2019, leading fellow East Asian investors that accounted for a growing share of M&A in the region. More deals are expected to follow, says a new report from law firm CMS.
The tectonic plates holding together Azerbaijan’s clanocracy are shifting. Economists say a massive restructuring of the economy is needed to benefit ordinary citizens.
Growth driven by private consumption expected at around 5% in post-revolution “anti-corruption” administration’s third year. Country’s ratings improving with transition seen as success to date. Popular government may fear taking on painful reforms.
Russian President Vladimir Putin called for changes to the constitution that would shift power to the Duma, the Russian parliament, as well as imposing some new limits to the president’s power, during his annual state of the nation speech.
Recovered gold output to keep GDP growth at 4%. Russia's economic fate, anaemic job creation, stagnating poverty reduction and climate change are worries. No sign of political war between camps of president and on-trial predecessor flaring up again.
IIF sees capital markets awash in abundant central bank liquidity and disconnect from political risk. Catalyst for Turkish equity outperformance is banks’ upbeat forecasts. But lenders fear the regime, their views seem “Panglossian” says analyst.
A row with Russia that saw Belarus' oil supplies cut off caught the headlines but the bigger problem the country faces is its demographic trends. The government wants to boost technological industries and increase diversification.
The new year is shaping up to be at least as tumultuous as the old one, or, in fact, each one since 2015, when the incumbent right-wing nationalist populists from PiS won their first term in power.
In 1991 the Soviet Union broke apart and created 15 independent countries. But over the last three decades, while these countries are politically independent, the economies of Russia, Ukraine, Belarus and Kazakhstan (KRUB) remain joined at the hip.
Russia’s RTS returned just under 45% in 2019 and all of the dozen exchange-traded funds (ETFs) that foccus on Russia did well, with a few beating the index and returning more than 50% to investors in 2019.
2019 was a decent year for bond issues in Central and Eastern Europe, but still behind the vintage year of 2017.
Official data unreliable but growth is falling. Budgetary crisis grinding down quality of life. Vital gas export volumes, however, show signs of recovery. Fictional country “Turgistan” in new Netflix action thriller seems to have hit a nerve.
2020 will be a big year for Ukraine as there is a possibility that a peace deal could be reached with Russia and the effects of the first round of reforms made by the new Ukrainian President Volodymyr Zelenskiy’s administration start to kick in.
Russia’s economy is basically healthy and solid. It’s just not growing fast enough. The Kremlin is attempting to address this problem, but so far its efforts have been off to a slow start. 2020 should be the year when the pace picks up.
More political uncertainty ahead in Romania as the government mulls early elections, after adopting a budget that analysts warn is subject to multiple risks.
An uncertain start to 2020 for Kosovo which doesn't yet have a government in place after the October 2019 snap election.
Lithuania enjoyed robust growth in 2019 but this is forecast to decline in 2020 given the deteriorating external environment.
Russia's RTS index broke through the 1,600 mark for the first time in seven years just as the traditional spring rally gets underway.