President-elect Maia Sandu has plans for radical changes in Moldova starting with an overhaul of the judiciary, but to achieve this, she will need an ally as prime minster – which can only be achieved through snap elections.
Romania's external debt increased quite fast during the last year, rising from 48% to more than 56% of GDP, accelerated by the decline of GDP during the pandemic.
President-elect Maia Sandu is committed to Moldova’s European integration but she won’t needlessly antagonise Russia.
The coronacrisis has sent already record-high levels of global debt soaring to giddying new levels, reports the Institute of International Finance (IIF) in a note released on November 18.
The currencies of the major emerging markets (EMs) have been gradually depreciating over the last three decades, but that normally helps the current account balance. In Turkey's case the opposite is happening.
The six-week war has reshaped the geopolitical scenario in the South Caucasus. Azerbaijan has its yearned for victory, Armenia has been pushed aside. Moscow will now try to run the show while keeping Turkey at arm’s length.
This year’s public health crisis has accelerated calls for an increased role of the state in the economy, shows a new report from the EBRD.
About 40,000 civilians have fled from Karabakh into Armenia, where they are being accommodated in schools, hotels and volunteers’ homes.