Opinion

COMMENT: Some key macroeconomic indicators for Romania during the pandemic times

Alexandru M. Tanase June 1, 2020

Even before the crisis, the Romanian macroeconomic equilibria were very fragile. Now Romania needs a set of measures to relaunch the economy and put it on a better footing for the future.

STOLYPIN: Coronavirus and Kremlin stressing Russia’s elite social contract

Mark Galeotti director of the consultancy Mayak Intelligence and also an honorary professor at UCL School of Slavonic & East European Studies June 1, 2020

To some, under the influence of the COVID-19 pandemic, Vladimir Putin’s much-vaunted ‘power vertical’ is rotating, turning on its head. Power has shifted from the centre to the regions

LONG READ: A thinking exercise on Turkey and its lira

Akin Nazli in Belgrade May 26, 2020

Erdogan administration officials are working around the clock trying to convince the world the currency can defy gravity. Nothing adds up in their favour. The worry is that they will end up trying to defy voters instead.

COMMENT: Waking Sleeping Beauty: shaking up Uzbekistan’s banking sector

Fiezullah Saidov in Tashkent May 26, 2020

Whilst, the world was in a lockdown, the government of Uzbekistan has been busy reforming the banking sector. The government announced a detailed banking reform strategy for 2020-2025 to transform the sector

COMMENT: Will Central Europe’s economic recovery be stymied by populist banking laws?

Nicolas Tenzer in Paris May 19, 2020

Multiple financial fires raging across Central and Eastern Europe could have been put out had EU institutions responded sooner to the populist lawfare banks have been put through over the past few years.

OPINION: Why the Russian economy will inevitably become green after the COVID-19 epidemic is over

director of Creon Capital in Luxembourg May 18, 2020

Investors are “risk on” again thanks to the coronavirus, but the climate crisis has not gone away, nor has work to build a financial green infrastructure stopped. Russian companies will inevitably join the fray and are already taking action

ING: Russia - The curious case of FX interventions

Dmitry Dolgin chief economist Russia at ING in Moscow May 12, 2020

The Central Bank of Russia will make FX sales of more than $2.6bn in May, lowering the risks of a weaker ruble.

ING: Central and Eastern Europe’s fiscal and monetary response to COVID-19

Rafal Benecki et al of ING THINK May 12, 2020

What is behind the magic of high numbers of anti-crisis programmes to combat the economic fallout from COVID-19? Some CEE countries can afford policy responses like developed markets as their central banks kick-start QE support programmes.

OPINION: Post-COVID recessions bring risk of turbulent spring

Clare Nuttall in Glasgow May 11, 2020

Governments that failed to rise to the crisis — through denial, dismissing the dangers or simply incompetence, resulting in unnecessary deaths and economic hardship — should fear their day of reckoning.

AFC Capital: Uzbekistan leads regionalization that is the new globalization

Scott Osheroff in Singapore May 8, 2020

Is regionalization the new globalization? Stalin industrialised Uzbekistan at a high cost, but that gave the country a platform to become a regional leader as regionalisation becomes the new globalisation

TURKEY INSIGHT: The lira has belly-flopped and London, it is your fault

Akin Nazli in Belgrade May 7, 2020

Government media point finger at foreign market players as Turkish currency falls to all-time low. Banking watchdog issues wide-ranging regulation on manipulative trading. Critics say it has no parallel anywhere else in the world.

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