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Salaries shot up in some sectors but wage growth was below average in the lowest-paid sectors.
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.
How much market orthodoxy Turkish strongman can swallow is now the question.
Seasonal pattern was most pronounced in Croatia, with 60% of tourist nights spent in July and August.
New wave of disillusioned young Turks looks set to abandon country if strongman is re-elected on May 28.
The Kazan Ansat helicopter deal has sparked controversy due to the cost, lack of transparency and utility of the purchase amidst an economic crisis. Serviceability is also an issue, due to US sanctions.
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.
Some observers conclude, however, that the big event produced lots of rhetoric and little action.
International payments company believes Uzbekistan can be a hub for operations across Central Asia.
France’s Montagne et Neige Developpement (MND) has inked a contract for the construction of the all-season Chimgan resort in Uzbekistan’s Chimgan Mountains, the Uzbek culture and tourism ...
Uzbek president Shavkat Mirziyoyev is on a mission to attract foreign investment as part of his "New Uzbekistan" plan with his two-day visit to Germany in May already yielding billions of euros in new deals.
Major new investments in marinas at Vlora in Albania and Rijeka in Croatia are going ahead, as infrastructure is developed along the eastern Adriatic coast.
The rapid deterioration in domestic demand is bad news for both the retail sector and industry, as they continue to struggle. With the latest set of data showing continued weakness, we expect the economy to remain in a technical recession.
Modest inflation, a record-high lek and one of the Emerging Europe region’s fastest projected growth rates.
President of Uzbekistan Shavkat Mirziyoyev was in Germany for the first time to meet with Chancellor Olaf Scholz and deepen commercial and trade ties with Europe on May 3.
Tax plans include a cut for higher-paid workers, hikes in the overall income tax rate and VAT by two percentage points, and increased excise duties.
Unemployment fell, but mainly as a result of the declining labour force and an increase in inactivity, World Bank report reveals.
Romania’s trade deficit narrowed by 5.3% y/y in January-February amid a combination of lower oil prices, lower imports of natural gas and subdued industrial activity.
Kazakh flagship also buoyed by post-pandemic reopening of China.