The Social Democrat-led government came to power pledging a vigorous and transparent fight against corruption, but tackling entrenched corruption has not been easy.
As one of only two major economies in the world to avoid recession last year, the Uzbek economy is recovering robustly from the coronacrisis crisis. The World Bank has increased the growth forecast to 6.2% for this year.
What happens to last season’s clothing that big fashion retailers can’t sell? Landfill is not the only choice for producers. Enter off-price retailers, who buy the end-of-season surplus from top names and sell it at low prices.
But how much coal Kazakhstan already sells China is a mystery, because the two sides publish different figures.
There are many underlying causes behind the current gas supply crisis unfolding in Europe. A “V” shaped market has seen global gas demand surge but adding to a perfect storm is that the EU's own gas production has been plummeting.
Serb member of Bosnia’s presidency Milorad Dodik says Republika Srpska will withdraw its representatives from the joint armed forces, top judicial body and tax administration.
In 1993, Mikhail Gorbachev spent a small portion of the money from his Nobel Prize for Peace, awarded three years prior, on eight computers requested by a modest journalistic startup. The latter grew to become the liberal newspaper Novaya Gazeta.
The Uzbek banking sector faces increasing asset quality risks due to rapid lending growth, high balance sheet dollarisation and an increased reliance on external funding, Fitch Ratings said in a report released on October 8.
A mix of modernisation and holding on to the old ways causes many dilemmas such as a shortage of female partners for marriage on the steppes—while the girls head for the city to get educated and do not return, the boys stay behind to herd.
Russia is a top ten global alcohol producer and has one of the highest vodka consumption levels globally: 3.5 litres per capita in 2020 of pure alcohol. But the shape of the market is also rapidly changing.
Russia’s dollar-denominated Russia Trading System (RTS) index broke above the 1,800 mark for the first time in over a decade on October 7 to end the day at 1,854.
Czechs go to vote in what is set to be the closest election in a decade. The next government is likely to depend on how many and which smaller parties pass the 5% threshold to enter parliament.
Afghanistan’s new rulers say the Turkmen-led mega-infrastructure investment is a “priority project”. Sceptics say that with the “nation building” impetus from the US gone, financing will be out of reach.
The leaked files dubbed 'the Pandora Papers' reveal how wealthy Russians, many of whom are alleged to be in Putin’s inner circle, have hundreds of millions of dollars in offshore holdings.
Neither regional integration nor closer ties with EU have led to increased trade, investment or overall prosperity in the region, says a new report from wiiw and Bertelsmann Stiftung.
Ahead of the EU-Western Balkans summit on October 6, a leaked EU document revealed that several EU member states are seeking to restrict visa-free travel for some nationals from the region as well as other East European countries.
Russian IPOs are back and billions of dollars have already been raised and billions more of listings are in the pipeline in the coming year. The Russian corporate story is hot again for the first time in about a decade.
Uzbekistan showcased its reform progress at an international investment summit in Tashkent. The government has already sold off a Coca-Cola bottling business and one large bank. It plans at least two more IPOs of state-owned companies this year.
Investors share robust confidence in the Romanian economy, but the political turmoil and, to some extent the potential impact of the fourth wave of the pandemic, are toning down their optimism.