Officials lift UBS, Citi, BNP lira trading ban. Under regulator’s beady eye, local brokers stop offering FX trading on margin to retail clients. Foreign investors exit country at breakneck speed.
Russia's largest retailer X5 Group saw its online sales jump almost 5-fold year-on-year in April 2020 to RUB1.7bn ($23mn), which VTB Capital (VTBC) on May 8 estimated to be the largest share of e-groceries in Russia.
Last minute decision to cancel election plunged Poland's politics into ever-bigger chaos amidst the coronavirus pandemic and the looming economic crisis.
Czech National Bank surprised the markets by lowering the two-week repo rate by 75 bp to 0.25%.
Fears of a bourse bubble, however, are troubling some investors. Iranians have pinned hopes on the stock market with other parts of the economy—such as property, gold, cars and forex—laid low by US sanctions.
Seen as sitting on strategic Asia-Europe trade junction along China's Belt and Road initiative to develop infrastructure and associated investments.
Prosperity Capital, the most successful portfolio investor in Russia and the former Soviet Union, is setting up an office in France to serve as its European marketing arm following the decision by the UK to exit the European Union, bne IntelliNews ca
The International Monetary Fund (IMF) cancelled its agreement with Ukraine for the extended $5.5bn Extended Fund Facility (EFF) and says negotiations must restart for a downgraded Standby agreement (SBA) due to “political instability.”
Uzbek-born businessman and philanthropist Alisher Usmanov donated $15mn to help those affected by the busting of the Sardoba dam last week that had destroyed dozens of villages and had displaced a total of around 100,000 people from their homes.
Minsk revoked the media accreditation of a news crew of the Russian Kremlin-controlled television Channel One and deported its correspondent.
As expected, Russia’s services IHS Markit Russia Services Purchasing Index (PMI) crashed to its lowest level on record in April and was far worse than the manufacturing index reported earlier, dragging the composite index result down as well
The decision to cancel the Sunday vote – regardless of its highly dubious legal character – appears to be a setback for ruling PiS, which has said for weeks it wants the election to happen in May.
Ukraine’s Specialised Anti-Corruption Prosecutor’s Office (SAPO) has opened a criminal investigation against former Prosecutor General Ruslan Riaboshapka, who has been dubbed “Ukraine’s only ever honest Prosecutor General” on May 6.
Officials concerned by rising trend of infections as country attempts to open up to protect already battered economy.
The number of confirmed coronavirus cases in Bulgaria remains relatively low at below 2,000, and the government has already started easing restrictions.
Poles are electing their president this Sunday. Or maybe they aren't.
Dramatic video released on social media shows moments shortly after dam burst, flooding villages. Army sent to divert water flow to lake. Criminal proceedings launched.
With Laura Codruta Kovesi at the helm, the National Anticorruption Directorate investigated numerous serving and former ministers and other high-level officials — but this brought her into conflict with Romania's top politicians.
President Lukashenko said he intends to remain at his post "for as long as the people will trust me", but criticism is growing over the Belarusian authorities' refusal to impose a quarantine on the country.
Serbia had one of Southeast Europe's biggest COVID-19 outbreaks but the number of new cases has been falling after Belgrade imposed a strict lockdown.