A decision over oil production levels and prices looks to have been delayed for a month following the OPEC+ meeting, between OPEC’s 13 members and 10 other non-OPEC countries, on March 4.
Privatisation efforts in Uzbekistan are moving to a practical level. The newly appointed State Asset Management Agency head has started to implement the presidential decree on privatisation with a new zeal.
It has been an exceptional month for commodity markets, with growing inflation expectations increasing investor interest in the assets. Meanwhile, fundamental developments, particularly in the oil market, have only provided a further boost.
On March 5, the US State Department issued a public designation of Ukrainian oligarch Ihor Kolomoisky for his involvement in “significant corruption,” and banned both him and his immediate family from entering the United States.
Turkish inflation maintained its uptrend in February reflecting still strong cost-push factors, sticky services inflation and elevated inflation expectations.
After the International Monetary Fund (IMF) ended its review in February without allocating the next part of its $5bn loan to Ukraine, Kyiv is now expecting to receive a $700mn tranche by early June
The $9/bbl upgrade in ING’s 2021 oil price forecast boosts Russia's annual exports by $25bn. But it will be sterilised by an additional $15bn of FX purchases and elevated capital outflows. ING maintains $/RUB forecast of RUB72-73 for 1H21.
The current political crisis reveals how detached Georgia's political elites have become from the demands of ordinary people.
Zagreb mayor’s death ahead of local elections this spring has political repercussions at local and national level.
It was just a matter of time before we saw a serious impact on the Hungarian labour market from the second wave of Covid-19. The January data suggests a slump in growth in the first quarter, despite the latest upside surprise in wages.
The news from Georgia over the past few days has been depressing. Headlines like, “Georgian opposition leader arrested” and, “opposition HQ stormed” evoke the sort of post-Soviet authoritarianism Georgia wants to put behind itself
Beijing is forcing China’s Mongolians to become Han Chinese. The Chinese Communist Party is suppressing their language, religion and culture.
There were many changes during 2020, but for Romanians it is quite clear that 2021 will not be a year of plenty.
Citizens and ruling elites of both countries are prepared to pay lip service to a shared dream but pause when confronted with the practical reality of its realisation.
What next in Georgia following the turmoil in recent days that has seen the PM quit, the leader of the opposition grabbed by security forces and Irakli Garibashvili, who is refusing to hold a snap election, made the new head of government?
There seems to be no stopping oil prices, with ICE Brent now trading well above $60/bbl. Clearly OPEC+ cuts are doing their job, while global recovery hopes are playing a big part. Will the oil price keep rising?
Romania's 2021 budget plans could hardly have been more ambitious after being constrained by the high share of rigid spending in the last few years
Poland's central bank has just released balance of payments data for December and posted a moderate €0.4bn current account surplus,. That translates to a record-high GDP surplus of 3.6% for 2020 as a whole
And don’t buy the de-dollarization story. The Turks are not rushing into FX and gold anymore simply because the banking system is no longer pumping out fresh lira.
Mayor Emomali says city hall spent $1.14mn on bus stops.