Russia says it is worried that the Islamic State is gaining strength apace in northern Afghanistan. The United States looks to be bracing itself for a collapsing Afghanistan. But Central Asian states neighbouring Afghanistan are much more sanguine.
Inflation expectations among Russians have been high since the start of this year – more than double the actual rate of inflation – but expectations among Russia's most vulnerable are double the CBR's estimate.
The new spike of inflation in June to 6.4-6.5% year on year combined with stronger-than-expected activity in 5M21 has reinforced the CBR's hawkish stance. We raise our CPI, GDP and key rate forecasts for this year, expecting a 75bp key rate hike.
As the world starts to emerge from the Coronacrisis, economists on an EBRD panel warned over rising inflation, debt and the uneven recovery from the crisis, with emerging markets and developing economies lagging behind their richer peers.
Russia’s strong economic recovery from last year’s crisis spluttered in June after soaring producer prices caused the manufacturing PMI to shrink for the first time this year.
Nexters, best known for its game “Hero Wars”, upgraded its financial outlook from existing and new titles in 2021.
Russia’s current account surplus extended gains in May to reach $35.8bn, according to the Central Bank of Russia (CBR). International foreign exchange reserves hit an all-time of $605bn as of the start of June.
Russia’s business confidence remained at highs not seen since 2012 in June, while consumer confidence is starting to improve but remains behind the historical average for the summer season, according to the latest RosStat survey.
Russia’s labour market further extended its gains in May, as unemployment declined to 5.1% in line with Bloomberg consensus projections and the real wages gain was revised up to a whopping 7.8% y/y in April, partly due to low base effects.
Producer prices in Russia jumped 35.3% year on year in May of 2021, the highest level since the series began in 2005, according to the latest Central Bank of Russia (CBR) figures.
Hydro needs new investment to replace elderly infrastructure and accelerate the road to net zero, the IEA says.
In Russian President Vladimir Putin’s annual live question-and-answer session, he plays the good tsar, listens to petitions and fixes problems.
The Russian VC firm Leta Capital aims to invest in Russian-speaking tech entrepreneurs across the world. This is a huge pool of talents who left their home countries to work in the West, where they outperform their peers.
M.Video, a part of the M.Video–Eldorado consumer electronics retail group, now processes nearly half of customer calls via a virtual assistant called Alyona.
International ratings agency Fitch has upgraded Russian metallurgy holding Metalloinvest to investment grade on June 29, ahead of the company’s possible IPO.
Emerging market economies in Europe, the Middle East and Africa (EMEA) are recovering faster than previously expected from the coronavirus (COVID-19) pandemic, but that has come with higher inflation.
EBRD says recovery from the coronacrisis is progressing faster than expected, but many emerging Europe economies won’t return to 2019 levels of GDP until 2022.
StartupBlink has just released the 2021 edition of its Startup Ecosystem Rankings Report, which encompasses 1,000 cities and 100 countries across the world, reports East-West Digital News (EWDN).
Earlier this month Sber, the state-controlled financial and technology giant (previously known as Sberbank), announced the full acquisition of Jivo.
Russia formally restarted flights to major city destinations around the world on June 28, just as coronavirus (COVID-19) infections explode to levels not seen since January.