The core message for bankers and investors active in the CEE region should be: close to old records, potential for more but watch out for late cycle phenomena.
The troubles of Russia's largest independent vertically integrated refinery Antipinsky led Sberbank to prepare to bankrupt the company, while London courts froze €225mn worth of assets.
The deal, if completed, would be a major blow to Mail.ru, which has been trying to compete in Russia's fast-growing taxi and digital mobility solutions market.
Discussions are ongoing on whether Russia's largest companies will be able to maintain stable long-term oil output with Siberian brownfields alone, without tapping into challenging Arctic offshore fields.
Russia’s oil output fell to a three-year low of 10.79mn barrels per day (bpd) in early July, due to a row between oil pipeline monopoly Transneft and Rosneft, the country’s biggest oil producer
Online retail is growing in leaps and bounds even if traditional retail is in the doldrums on the back of six years of real income wage increase stagnation.
Russian President Vladimir Putin ridiculed green energy during a speech in Sverdlovsk, Russia’s dirtiest region, asking if anyone cares about the worms and birds that are killed by wind turbines.
Softer crude oil prices offset by weak domestic demand and lower imports all contributed to the surplus
The Duma proposed a ban on imports of Georgian wine and mineral water amid a spike in tensions between the two countries.
Russian pranksters Vladimir "Vovan" Kuznetsov and Alexei "Lexus" Stolyarov called North Macedonia’s Prime Minister Zoran Zaev pretending to be ex-Ukrainian president Petro Poroshenko.
Sberbank’s chief economist says Russian inflation could come in below 4% in 2019
Economists from wiiw have revised upwards their forecasts for Central and Southeast European economies as wage-driven growth has stopped them from following the eurozone into a slowdown.
Last week Russian state-owned gas giant Gazprom invited bank analysts on a trip to inspect the construction work of the Turkish Stream (aka TurkStream) pipeline. They report work on the pipeline is on schedule and that it is 90% complete.
It was supposed to be Russia’s e-commerce powerhouse, but the tie up between state-owned retail banking behemoth Sberbank and tech giant Yandex looks like it will end in divorce.
The mood amongst Russian consumers brightened a tad in the second quarter of this year, but overall consumers remain very gloomy.
"Environmental, social and governance" performance is becoming a hot topic amongst leading Russian companies and a way to reduce their "Russia risk" discount.
Governments of Central and Southeast Europe have already secured most of the funding they need for this year, but with more obligations maturing in 2020 they are expected to return to the markets on a large scale next year
Rustavi 2 host used some of the strongest swearwords in the language in his monologue that followed a week of protests sparked by a Russian deputy's speech to the Georgian parliament.
The One Tower project will be constructed on the territory of Moscow City, the Russian capital’s financial district, with apartments in the very centre of the business life of the capital.
The common wisdom is that Russian President Vladimir Putin is all about tactics and doesn't have a strategy. But things have changed. The collapse of the west has made it easy for Putin, who is capitalising on an improving hand.