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New wave of disillusioned young Turks looks set to abandon country if strongman is re-elected on May 28.
Part of the reason the NDB was set up is that the inflow of investment to the emerging world has underperformed in the last few decades and the investment needs remain enormous.
Message spread by officials and state-controlled media has fuelled anti-EU sentiment in Serbia. It may be hard to rein this in.
Stockmann is looking to seize the opportunity presented by the widespread availability of high-quality real estate, abandoned by foreign companies that fled the country in the aftermath of Russia's invasion of Ukraine.
Russian data analysis, modelling and data processing company Sistemma has launched an AI called SistemmaGPT, which is a functional analogue of Elon Musk’s ChatGPT, the company said in a statement on March 26.
Decades on from Russia’s wild 1990s, the country’s cultural landscape continues to be largely shaped by the enduring influence of the giants that hogged the limelight in the shadow of the former Soviet Union.
The Russian invasion has caused a poverty crisis in Ukraine and the most vulnerable citizens are struggling with basic necessities, particularly food.
After McDonald's pulled out of Russia when the war in Ukraine started last year, its restaurants were rapidly taken over by a Russian replacement called Vkusno I Tochka ("Tasty, period") which now plans to introduce its own Happy Meal, The Kids Combo
Nato Secretary General Jens Stoltenberg took the radical step of calling on members to sign off on weapons procurement contracts that could commit them to billions of dollars of spending for years to come.
Mongolia has rolled the dice before on establishing casinos, but without much luck. A renewed attempt to open the country’s first casino in more than two decades is now underway as Mongolia looks for new avenues of economic growth.
There used to be 60 different foreign car brands in Russia, one of the biggest car markets in Europe, but by the end of this year only 11 will be left, reports Kommersant.
The pains of the education system are a vivid testament to the challenges ahead.
Outraged at Moscow’s virulent invasion, the British legal firm McCue Jury & Partners decided to launch a claim on behalf of Ukrainian refugees undergoing psychiatric care in the United Kingdom.
The extreme sanctions imposed on Russia after the invasion of Ukraine have thrown Russian business into chaos. In the space of a week products and inputs that are essential for production simply stopped arriving even if they were not sanctioned.
It's not only Belarusian exports that have been negatively affected by Western sanctions this year but the country's imports are also down to dangerously low levels. To ease the pressure Belarus is now considering a new law on parallel imports.
Minsk and Moscow has signed a draft agreement on a general harmonisation on the collection of the VAT and excise duties, which will be implemented by January 1, 2023. As Moscow draws Minsk ever closer, where does that leave Lukashenko?
Adjusted for calendar year effects, retail sales increased by 4.3% y/y and 0.5% m/m.
Russia is turning to Iran to help rescue its car industry. Extreme sanctions imposed on Russia in March have seen its car production come to a screeching halt as essential imported parts are now unavailable.
An upbeat data release by statistics agency Rosstat suggests that Russia’s economy is doing better than expected. Capital Economics has revised its estimates for the GDP contraction in the first quarter down from -15% to -10%.