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The experts at Ukraine’s Tempo France fintech firm believe that there are two main driving factors for East Europe’s payment market.
National Bank of Serbia to continue moderate tightening of monetary conditions to ensure inflation follows a downward trajectory.
Turkey is heading for a classic currency crisis. All of its reserves and then some are borrowed.
Russia’s budget posted a record deficit of RUB3.411 trillion in the January-May period.
To dig the country out of its economic hellhole with hot money inflows, Erdogan will need to let currency slide and deliver a big rate hike.
PM vows to get rid of banks he claims are trying to bankrupt Bosnian Serb entity.
While energy price growth remained strong, the increase in prices of intermediary goods slowed to 3.0% y/y – the slowest annual advance since 2020.
Retail sales in Hungary fell 13.6% year on year in April and by 12.6% when adjusted for calendar effects. The figure was below analysts’ projections.
Ukraine’s population has dropped to a low of 29mn people, sparking concerns over the future of the country’s demographic, according to a study from the Ukrainian Institute of the Future.
The Central Bank of Russia is worried that the Russian economy is overheating due to high levels of investment and rising consumption in a very tight labour market, the bank said in its monthly update.
Zypl, a software-as-a-service (SaaS) company founded in Tajikistan in 2021, is leveraging artificial intelligence (AI) models to drive financial inclusion in emerging and frontier market (EM/FM) economies.
Fintech is growing fast in Central Asia as banking sectors looking to leapfrog the traditional financial sector development go straight to high-tech solutions for local people’s lending and spending needs.
The Digital Intelligence Index (DII) put together by specialist Emerging and Frontier market investment fund Sturgeon Capital provides insights into the potential for fintech investments in emerging and developing markets.
European electricity consumers will save some €100bn on their energy bills due to the rapid expansion of renewable energy sources caused by the Russian-induced energy crisis, the International Energy Agency said in a report.
ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
Rising prices haven’t dented the demand for new builds in Skopje as inflation-wary Macedonians turn from banks to property.
Salaries shot up in some sectors but wage growth was below average in the lowest-paid sectors.
How much market orthodoxy Turkish strongman can swallow is now the question.
Fitch Ratings has assigned Cyprus-based Central Asia’s largest group of cement producers ...