Turkish industrial production contracts for 10th straight month. Worst run since financial crisis. Government, meanwhile, continues to work the credit pumps. “Central bank playing with fire,” says one analyst.
Russia has kept is oil and gas production capped in keeping with the terms of the OPEC+ deal, but the production of LNG has soared in the last year, as the Kremlin hopes to turn gas into a commodity that can be sold anywhere.
The ECB assessed that PNB Banka was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation.
Eastern expansion continues after Primark opened its first CEE store in Ljubljana in June.
Withdrawal reportedly caused by lack of government backing for country’s flagship infrastructure development. Analysts anticipate investment mothballing or arrival of Russian or Chinese stakeholders to replace Western partners.
All-in cost of €190mn tranche is Euribor+2.40%, $96mn tranche fixed at Libor+2.50%. Rollover ratio stands at 49%.
Has the Kremlin already scuppered the launch of the next generation high speed 5G mobile phone network before it has been built? Some industry participants think so after the Russian government assigned a a little used frequency band for the system t
Toronto-listed company’s site has been blockaded for months by protesters arguing mining will pose a threat to water resources.
After resisting for years, two more leading publications have switched the spelling of Ukraine’s capital from Kiev to Kyiv.
The strong gain was driven by a bumper grain harvest and soaring grain exports that allowed Ukraine to overtake Russia as the biggest exporter of grain in the world for the first time in three years.
Flagship carrier reports 4.8% July fall in number of people flying, with 11% drop in domestic traffic despite tourism high season.
Russia's Federal Antimonopoly Service (FAS) has proposed the privatisation of the budget airline Pobeda, part of the national air carrier Aeroflot Group, and let it concentrate on domestic routes to bring prices down
Likely financier is controversial ex-defence minister turned oligarch. Meanwhile, new anti-government movement planned by TBC Bank founder.
The new pension scheme would allow people to opt out of the second pillar or suspend payments from 2020, which the IMF warns will increase the burden on future generations and lead to people cashing out their savings.
Ukraine’s fruit and berry production is flourishing and exports are expected to boom this year, according to Pro-Consulting, Unian reported on August 13.
Former owner of Rustavi 2 who regained control through the courts offers to sell broadcaster and calls for insolvency proceedings to be launched.
The Socialists’ opposition to fiscal provisions threatens to become the first formal conflict within their fragile alliance with the pro-EU ACUM bloc.
TV used to be the main source of power in Russia, but unlike China, the internet is open and younger people get the majority of their news and information online. The state has belatedly woken up to the need to control online content
Gurbanguly Berdimuhamedov, appearing in good health, gives speech at Caspian Economic Forum.
Fall in imports after currency crisis rather than export strength eliminated gap. Repeated credit expansions now undoing progress.