News
Intrigue in Kazakhstan as Nazarbayeva’s successor as speaker of parliament announced
Naming of deputy chief of presidential administration gives no clear indication a power struggle is under way.
Armenia ends lockdown even as COVID cases spiking
Armenians are now able to go back to (open-air) bars and restaurants, and all factories are allowed to reopen.
Capital outflows from EMs reverse in April to modest gains
The torrent of capital fleeing Emerging Markets (EMs) securities has stopped and these markets saw a modest inflow in April, reported the Institute of International Finance (IIF) on May 4.
Poland signs contract with Italy’s Saipem to lay Baltic Pipe
The €2.1bn Baltic Pipe will carry gas from the Norwegian Sea via Denmark to Poland, starting in 2022. Poland needs the pipeline to reduce its dependence on Russian gas imports.
“Sobering” PMI score for Turkish manufacturing in April
Steepest slowdown since global financial crisis as pandemic disruption takes terrible toll and lira weakness pushes up input prices. Index reading falls to 33.4 from 48.1 in March.