The coronacrisis has sent already record-high levels of global debt soaring to giddying new levels, reports the Institute of International Finance (IIF) in a note released on November 18.
The coronavirus (COVID-19) story in most of Russia’s regions is bleak and Russians are increasingly moving to the cities looking for a better life.
Gripped with the lingering political turmoil, the Belarusian economy is sinking despite a $1.5bn loan lifeline thrown to it by the Kremlin to help Belarus’ self-appointed leader Alexander Lukashenko tough out a huge political and economic crisis.
The six-week war has reshaped the geopolitical scenario in the South Caucasus. Azerbaijan has its yearned for victory, Armenia has been pushed aside. Moscow will now try to run the show while keeping Turkey at arm’s length.
This year’s public health crisis has accelerated calls for an increased role of the state in the economy, shows a new report from the EBRD.
Russians have been bingeing on health food in an effort to build up their immune systems in the hope of protecting themselves from the coronavirus (COVID-19), sending the sales of BioFoodLabs soaring.
Russia’s online economy is booming and no one has really noticed. The traditional economy will be badly hurt this year by the multiple crises, but online sales have only accelerated. Russia's New Economy has reached critical mass.
As Russia’s new economy comes of age it seems there is a new deal announced on a daily basis as the leading companies snap up start-ups or rivals in the rush to build an ecosystem that covers all of life’s needs and wants.
About 40,000 civilians have fled from Karabakh into Armenia, where they are being accommodated in schools, hotels and volunteers’ homes.
Leading Russian mobile phone operator MegaFon is investing in a project that will provide planet-wide data access to on-the-ground users from low-Earth orbit satellites.
It's been on the Kremlin’s agenda for years, but now the Russian economy is finally being rapidly digitised. Russia's leading supermarket chain X5 has launched a radical transformation of its business.
Russia’s leading discount store Fix Price’s promise is you can buy anything in the store for RUB199, or about $2.60. And that is just what consumers want as the company reports 15 quarters in a row of double-digit growth
After a near-miss debt crisis in 2015-16 Russia’s Ministry of Finance took direct control of the worst cases. But now the finances all Russia's regions are under pressure again as they struggle to cope with the corona-shock and soaring costs.