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Turkey is getting a ready for an unprecedented invasion of about 7mn Russian tourists this summer in the wake of Recep Tayyip Erdogan’s re-election as president.
Budget is based on optimistic forecast of 4% economic growth next year and includes halving of windfall taxes on banks, pharmaceutical companies and energy suppliers.
Kenya’s sovereign bond index at the distressed 1,000 basis point spread over US treasuries enjoyed a brief reprieve from unrelenting gloom, as IMF managing director Kristalina Georgieva declared it an innocent bystander in sub-Sahara default panic.
Beijing woos region at a time when Russia is too distracted by the Ukraine war to focus effectively on its backyard.
The move is widely regarded as the Kremlin’s reward for the Georgian government’s restrained stance on the Ukraine war and its "anti-Western propaganda".
Airline says it plans accelerated restructuring to avoid bankruptcy, but identity of investors is unclear.
The winds of change are blowing strong in Uzbekistan as President Shavkat Mirziyoyev announced a series of sweeping reforms aimed at opening up the country's economy and attracting foreign investment with emphasis on green energy.
For the bulk of the 14 months since President Putin’s decision to launch a full-scale invasion of Ukraine, the ruble has been stronger than it was prior to the war. This trend has now rapidly reversed, and the ruble finds itself in free fall.
Kazakh flagship also buoyed by post-pandemic reopening of China.
Ahead of elections, Erdogan administration appears to be caving to some Western sanctions enforcement demands, perhaps fearing action that could hurt the Turkish economy prior to polling day.
Funding will help Bulgaria-based Dronamics to accelerate growth and expand its operations amid soaring demand for cargo drones.
Firm hopes to create a regional aviation hub just over the Kazakh border.
New Uzbek airline Centrum Air on February 15 launched its services with a Tashkent to Ferghana flight that carried 86 passengers, Uzbekistan Airports has announced. The private low-cost carrier is ...
Each time he appears to near the prize, difficulties caused by external events seem to snatch it away.
Of the 6.3bn people who reside outside of liberal democracies, 70% have a positive view of China and 66% of Russia.
The European Investment Bank has not implemented its own recommendations and local residents have never been consulted about the project’s next steps.
Suleyman Soylu’s invective comes as Washington warns Ankara over chemicals and microchips for Russia
Interior minister angered by series of terrorism security alerts. Tensions also arise over US sanctions that could leave Russian aircraft with no ground service at Turkish airports.
Russian tourist traffic to the Maldives has plummeted by 8.4% year on year to around 200,000 visits in 2022 thanks to soaring travel prices and anti-Russian sentiment generated by Russian President Vladimir Putin’s brutal war in Ukraine.