The deal left unmentioned critical issues like the final status of Nagorno-Karabakh and Turkey’s role in implementing the ceasefire.
There is positive news for all Central and Eastern Europe (CEE) commercial bankers, market observers and investment bankers. The fresh 2020 CEE Banking Report by Raiffeisen Research paints an encouraging picture of banking in CEE.
Despite short-term volatility caused by the pandemic in 1H 2020, the Balkan region could be one of the relative winners globally in the post-COVID era.
The global economic recovery continued throughout the quarter, and the OECD now expects world GDP for 2020 to contract by only 4.5%, compared with 6% in their previous forecast from June. Equity markets have done better than expected.
What’s wrong with the Eurasia Economic Union (EEU), the economic block set up by Russia that is a copy of the EU and was supposed to promote stability and prosperity throughout the Eurasian landmass?