Challenges are coming for those countries which have overly relied on commodity exports and tourism, resulting in weaker fiscal revenues and current account balances.
Economic consequences of the spread of the coronavirus have presented businesses across the globe with a monumental challenge. The growing focus on ESG has shifted decisively from the environment to the social, underscoring the need of better ESG
Low interest rates for even longer or maybe even forever, and ballooning government balance sheets will shape the post Covid-19 era. But that's not all. The health crisis may have fundamentally altered the structure of our economy.
All CEE countries should experience negative growth in 2020, with 2Q20 constituting the bottom.
Thanks to a dictator who jokes about keeping coronavirus at bay with vodka, the Minsk derby became the big game for football punters around the world as the Belarus Premier League got permission to carry on. Infectious enthusiasm, fatal for some?
Hard currency reserves back in focus. Net portfolio outflows since December 20 stacked up to $6bn.
For the banking sectors in CEE, hypothetical stress scenarios are becoming reality. A forum like the Vienna Initiative could be an ideal place to find coherent solutions during the current crisis.
Recession is no surprise now, but uncertainty makes investors nervous. The situation has aggravated uncertainty about the duration and the depth of the economic downturn. Most assets have already priced in the recession, its fallout is still unclear.
Restricting social interaction is a vital part of the efforts to delay the spread of the coronavirus pandemic, but in some countries people fear politicians will use the opportunity for their own ends.
When the biggest health crisis in a century hits, where would you prefer to be: the Netherlands or Georgia? Until very recently, almost no one would name the South Caucasus country as their choice.
In the spirit of openness and transparency, the Uzbek government, represented by State Asset Management Agency (SAMA), has called on a large meeting of stakeholders such as development financial institutions (DFIs), news agencies including popular bloggers and Big Four consulting and audit firms and other interested parties to discuss the large privatization efforts it is undertaking.
Russian companies have been putting ESG policies into place in the last year, but the focus until now was on the environmental element. In the face of a pandemic that focus has now shifted to the social part
There is a new acronym in the economists' lexicon: VUCA. It is short for “Volatile, Uncertain, Complex and Ambiguous” as pundits are struggling to explain a crisis that is coming at us from all sides simultaneously.
The reaction of governments worldwide to the epidemic has been predictable – countries have announced emergency lifelines, with regulators cutting rates and/or providing liquidity injections. But so far these measures have brought little relief.
The reaction of governments worldwide to the epidemic has been predictable – countries announced emergency lifelines, with regulators cutting rates and/or providing liquidity injections. But so far these measures have brought little relief.
Merabishvili doesn’t appear to have a viable political future. But if he chooses to re-enter politics, it will only reinforce the sentiment that Georgia needs a new path forward - an alternative to Georgian Dream, surely, but one that doesn’t recall the wounds of the National Movement era.
Not long off the canvas after suffering a near knockout in its currency crisis, country could find itself out of ammo in the face of a Global Financial Crisis II.
The Russian market is facing volatility, with large fiscal reserves and high real rates coming back into investors' focus, but only after the oil- and corona-related dust settles.