International press increasingly referring to the “Erdogan currency crisis”. “Our money has no value”, Turks complain to New York Times.
Croatia is rebounding from the deep hit to the economy last year with a broad-based recovery, but reforms are needed for the country to build on this and take advantage of inflows of EU funds.
Europe has made a concerted push to end long-term contracts and switch to shorter-term gas hub prices. Countries in northern Europe that made that change have been burnt by the current gas price spike but those in the south that didn't fared better.
More expensive electricity means global cryptominers are avoiding Georgia.
London-listed gold miner AltynGold with assets in Kazakhstan reported strong first-half results, with revenue doubling year on year to $23mn and a net profit of $9.3mn for the period, compared to a loss in the same period a year earlier.
Thanks to a series of aggressive rate hikes by the CBR, Russian retail investors have started to put their money back into bank deposits after they invested heavily in the stock market after real interest rates fell to next to nothing.
After last year's war, Armenia’s southernmost province of Syunik is now bordered by Azerbaijan on two sides. Local people fear they are next.
Keeping President Djukanovic’s DPS out of power has proved a strong glue holding the coalition together, but rifts among its members have stalled Montenegro’s progress towards EU accession.
Capital spending levels at Russia’s Gazprom are once again creeping upwards, as the company prepares to ramp up gas supplies to China and expand development in the Russian Arctic.
The country no longer has a choice, the president says.
Moscow has loudly protested against western talk of a possible invasion of Ukraine, but at the same time continues preparing for a possible military clash with Nato.
Uzbekistan has a very long history of making luxury textiles and today the country is trying to revive them.
So far the opposition is resisting the kind of broad formal deal that parties have agreed in Czechia and Hungary to oust populist incumbents.
Tensions are high and there is talk of a possible invasion of Ukraine by Russia. But what would that actually look like? How much destruction would it cause and how many people would die?
Calls for early elections mount as panicked workers start converting salaries into hard currency as soon as they are paid.
Tirade from Erdogan in which he declared “economic war of independence” appears to have accelerated sinking of the ship.
The region’s underfunded health systems are struggling to cope with the impact of the fourth wave of the coronavirus on the large numbers of their citizens who are still unvaccinated.
Greece is building new defence relationships with Israel, Egypt, France and the US.
The Muruntau gold mine located in the Qizilqum (aka Kyzyl-Kum) desert in Uzbekistan is the world’s biggest open-cast gold mine. Discovered in 1958, some $3bn has been invested into modernisation, and the plan is to privatise it in the next years.
Impact versus country’s 2018 balance of payments crunch might be less as EM currencies generally don’t look like they’re in need of significant adjustment, while foreign investors have pared back exposure to Turkey, Capital Economics assesses.