The Statistical Office has revised up the first-quarter GDP growth for Hungary to 2.0% quarter on quarter. The strong start and details suggest we are likely to see the economy growing by around 7.4% this year.
Mafia boss Sedat Peker’s deliberately provocative YouTube vlogs implicating staunch Erdogan allies have gripped the Turkish public. There’s a paradigm shift afoot in Turkey’s politics and at long last we have The Tinpot Tyrant Takedown.
On May 20021, State Asset Management Agency (UzSAMA) and the World Bank arranged a high-level international forum held in Hyatt Regency Tashkent to lay out the roadmap for Uzbekistan’s privatisation of some its most valuable companies.
Will the West end up saving Alexander Lukashenko by its eagerness to target Vladimir Putin? Will it force a Belarus-Russian Anschluss that no one – not Europe, not Moscow, not Minsk – really wants?
Russian authorities have suggested that Russia needs to introduce special grocery and food cards. Prices have been soaring over the last six months, especially for food, and the government has resorted to clumsy administrative responses.
By not pushing its key rate close to zero, the National Bank of Romania (NBR) has now just a bit more time to act than its regional peers. While risks for rate hikes in 2021 have increased, we still believe the NBR will try to delay such measures.
I’m in the Russian Bathhouse in Belgravia, submitting myself to the high-heat, ritualised beating with birch twigs they called the parenie. The furnace and flagellation treatment lasts barely fifteen minutes but the intensity is severe.
Russia will hold legislative elections in September this year, along with regional and municipal elections in almost half of the country’s regions. The elections will take place in an environment of unprecedented repression.
Russian retail investors inspired by the speculative mania surrounding US videogame company GameStop are piling into the domestic stock market and are increasingly seeking to co-ordinate their activities.
More than six months have passed since the “second Karabakh war” came to an abrupt end with Armenia all but defeated. The ceasefire left many questions unresolved. Anxieties for Armenians are at fever pitch ahead of a snap election.
As the only major power at the table, China sets the agenda.
On May 18 came the decision by the Biden Administration to drop sanctions against the company overseeing constructing the Nord Stream II gas pipeline that will, if completed, allow Gazprom to bypass Ukraine’s pipeline network.
All Muslims are equal but, from the standpoint of the Turkish president at least, some are more equal than others. The value of a Palestinian Arab is prized far above rubies but a Turkic Uighur? Less so.
Months of export quotas and price controls haven’t worked to reduce inflation meaningfully in Russia, which stood at 5.5% in April. So now the government is blaming the cost increases on "greed."
Now Central Asia has opened up, its major resources mean the rest of the world is paying more attention.
Headline inflation significantly accelerated in April, reaching a level not seen since end-2012. Fuel and tobacco triggered the acceleration, and there's more to come.
On April 13, 2021, President Mirziyoyev introduced a sweeping set for reforms to the capital markets that deal with a slew of lingering problems. The state is planning to use the local stock exchange to privatise many of its industrial crown jewels.
Visions of a new roaring twenties are seductive but climate change and geopolitics pose threats.
If you want to mingle with the unelected and corrupt cabal at the apex of the Russian regime, what better way of effecting an introduction than by hiring the erm, corrupt and unelected cabal squatting atop ours? Prince Michael of Kent is available.
Russian inflation has come down a little but will remain stuck at about 5.5% for the rest of this year. The Central Bank of Russia is likely to keep tightening at the coming meetings.