Analysts think country is undergoing a much harder landing than many people expected. Credit crunch seen morphing from complete shutdown in FX-denominated lending to suppression of TRY lending.
Russia's e-commerce market in 2018 could reach RUB1.5 trillion ($22.8bn), according to the estimates by Data Insight cited by Vedomosti daily on December 17. Sales in Russian online stores are expected to increase by 19% to RUB1.15 trillion
The Ukrainian government will defy a court ruling to reinstate Roman Nasirov as head of Ukraine’s State Fiscal Service, President Petro Poroshenko told a press conference.
Ukraine faces a two-year debt payment mountain of $17bn in 2019-2020 as the restructured debt deal expires in the next two years, according to a report from the National Bank of Ukraine (NBU)
Opposition politicians have joined the protests against Hungary's so-called "slave law" extending overtime hours, but were prevented from delivering their message on state TV.
Officials are shifting debt problem amid currency crunch from corporate books to bank books, meaning lenders cannot issue new loans, says analyst.
October contraction of 5.7% is second negative reading in a row. Turkey probably entered a technical recession in Q4, says analyst.
Revolut will now be able to offer banking services such as current accounts, loans and overdrafts, as it aims to hike customer numbers to 100mn within the next five years.
The Russian natural gas giant is reportedly acquiring its Lakhta centre headquarters in St Petersburg from its oil arm Gazprom Neft for RUB120bn.
Given the current crisis of international cooperation, the final outcome of the Katowice conference is a step forward for multilateralism that is crucial in addressing climate change.
Demonstrators defy heavy snowfall to express their anger at President Aleksander Vucic in second mass protest, but president says he will not meet any of their demands.
The chances the parliament will pass the motion are minimal, despite tensions within the ruling PSD that have led some of its members to defect.
Thousands of protesters took to the streets for several nights following the Hungarian government's adoption of new legislation on overtime.
Analysts, meanwhile, divided on how deep Turkey’s downturn will be. Renaissance says trajectory may mean there will be “decent stories to find in the market”.
The transformation of the Kosovo Security Force into a regular army is fiercely opposed by Serbia, which has never recognised Kosovo as an independent state.
Crucial negotiations aiming at a deal detailing rules on how to tackle climate change could now be heading towards a less than conclusive outcome.
Closely watched monetary policy meeting results in second increase this year. “Proactive” decision “aimed at limiting inflation risks that remain elevated”.
The European Parliament is ramping up the pressure on Russian President Vladimir Putin to arrange a prisoner swap for Oleg Sentsov following the Ukrainian film director’s award of the prestigious 2018 Sakharov Prize for human rights.
The state enterprise has been trying to log as many trees as possible before all trees were infected with the bark beetle which has afflicted Czech forests since 2016.
Iranians rush for ‘Ferdowsi’ trades as rial stages remarkable recovery. Central bank appears to have been ploughing dollars into the market.