Features

Who's who in the new Russian government

Ben Aris in Berlin January 25, 2020

On January 21 Russian President Vladimir Putin approved the personnel of the new government of Mikhail Mishustin. There are many new figures, including six new deputy prime ministers and eight ministers that did not work in Dmitry Medvedev’s governme

Analysis: Licence step puts Georgia’s TBC on verge of pioneering move into Uzbekistan’s state-dominated banking industry

Kanat Shaku in Almaty & Iulian Ernst in Bucharest January 24, 2020

Summer could see LSE-listed lender start banking operations in country riding wave of ‘Mirziyoyev’ reforms. Central Asian nation has low but rising penetration of banking products.

INTERVIEW: Ukraine gas tariffs stay low, energy sector outlook improves

Ben Aris in Berlin January 22, 2020

After signing off on a new gas transit deal in the last days of last year, Ukrainian authorities backed off their threat to more than triple gas tariffs for domestic producers in an effort to keep the pipeline system from going bankrupt.

East Asian investors ramp up investments in Central and Eastern Europe

Clare Nuttall in Glasgow January 21, 2020

China became the top investor in CEE in 2019, leading fellow East Asian investors that accounted for a growing share of M&A in the region. More deals are expected to follow, says a new report from law firm CMS.

OUTLOOK 2020 Azerbaijan

bne IntelliNews January 16, 2020

The tectonic plates holding together Azerbaijan’s clanocracy are shifting. Economists say a massive restructuring of the economy is needed to benefit ordinary citizens.

OUTLOOK 2020 Armenia

bne IntelliNews January 15, 2020

Growth driven by private consumption expected at around 5% in post-revolution “anti-corruption” administration’s third year. Country’s ratings improving with transition seen as success to date. Popular government may fear taking on painful reforms.

Putin calls for constitutional changes to shift power to Duma during his state of the nation speech

Ben Aris in Berlin January 15, 2020

Russian President Vladimir Putin called for changes to the constitution that would shift power to the Duma, the Russian parliament, as well as imposing some new limits to the president’s power, during his annual state of the nation speech.

OUTLOOK 2020 Kyrgyzstan

bne IntelliNews January 13, 2020

Recovered gold output to keep GDP growth at 4%. Russia's economic fate, anaemic job creation, stagnating poverty reduction and climate change are worries. No sign of political war between camps of president and on-trial predecessor flaring up again.

TURKEY INSIGHT: “Liquidity trumps geopolitics” as Borsa Istanbul breaks consecutive records

Akin Nazli in Belgrade January 13, 2020

IIF sees capital markets awash in abundant central bank liquidity and disconnect from political risk. Catalyst for Turkish equity outperformance is banks’ upbeat forecasts. But lenders fear the regime, their views seem “Panglossian” says analyst.

OUTLOOK 2020 Belarus

bne IntelliNews January 13, 2020

A row with Russia that saw Belarus' oil supplies cut off caught the headlines but the bigger problem the country faces is its demographic trends. The government wants to boost technological industries and increase diversification.

OUTLOOK 2020 Poland

bne IntelliNews January 13, 2020

The new year is shaping up to be at least as tumultuous as the old one, or, in fact, each one since 2015, when the incumbent right-wing nationalist populists from PiS won their first term in power.

How interconnected are the economies of Russia, Ukraine, Belarus and Kazakhstan? Inflation and rates outlook for 2020

Ben Aris in Berlin January 12, 2020

In 1991 the Soviet Union broke apart and created 15 independent countries. But over the last three decades, while these countries are politically independent, the economies of Russia, Ukraine, Belarus and Kazakhstan (KRUB) remain joined at the hip.

Russia funds monthly wrap: ETFs beat the RTS in 2019, return over 50%

Ben Aris in Berlin January 12, 2020

Russia’s RTS returned just under 45% in 2019 and all of the dozen exchange-traded funds (ETFs) that foccus on Russia did well, with a few beating the index and returning more than 50% to investors in 2019.

CEE monthly bond wrap: CE issuers raise $44.5bn and EE raises $29.9bn in 2019

Ben Aris in Berlin January 11, 2020

2019 was a decent year for bond issues in Central and Eastern Europe, but still behind the vintage year of 2017.

OUTLOOK 2020 Turkmenistan

bne IntelliNews January 11, 2020

Official data unreliable but growth is falling. Budgetary crisis grinding down quality of life. Vital gas export volumes, however, show signs of recovery. Fictional country “Turgistan” in new Netflix action thriller seems to have hit a nerve.

OUTLOOK 2020 Ukraine

bne IntelliNews January 10, 2020

2020 will be a big year for Ukraine as there is a possibility that a peace deal could be reached with Russia and the effects of the first round of reforms made by the new Ukrainian President Volodymyr Zelenskiy’s administration start to kick in.

OUTLOOK 2020 Russia

bne IntelliNews January 10, 2020

Russia’s economy is basically healthy and solid. It’s just not growing fast enough. The Kremlin is attempting to address this problem, but so far its efforts have been off to a slow start. 2020 should be the year when the pace picks up.

OUTLOOK 2020 Romania

bne IntelliNews January 10, 2020

More political uncertainty ahead in Romania as the government mulls early elections, after adopting a budget that analysts warn is subject to multiple risks.

OUTLOOK 2020 Kosovo

bne IntelliNews January 10, 2020

An uncertain start to 2020 for Kosovo which doesn't yet have a government in place after the October 2019 snap election.

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