Stagflation is here. The world is facing a global recession that could go on for several years as central banks everywhere will be forced to put through growth-crushing large rate hikes to control runaway inflation. But just how bad is it now?
After February 24, when the first Russian tanks rolled into Ukraine, looking at a map of Europe is no longer what it used to be.
The impact of the sanctions on Russia have been milder than expected and the record-high current account surpluses have cushioned the blow. The Central Bank of Russia has released the results of its macroeconomic survey of expected results to 2025.
The culture minister says he is responding to calls from the public.
Buyers flee war impacts to protect assets. Ukrainians seen as very likely to depart for home once conflict is over. The Russians, less so.
Government explanations are hard to believe, and do not hide the poverty and abuse fuelling unrest.
The terror group behind growing carnage in the wretched country says anyone working with the Taliban is a target.
If the Russians turned off gas supplies to Europe today, how many days of gas are currently in the storage tanks?
Rather than exporting natural gas as a raw material, Uzbekistan is investing into deep processing capacity to enable domestic production of fuels, plastics and other products.
Western sanctions imposed on Russia after the invasion of Ukraine are holding up investments in energy projects in double-landlocked Uzbekistan.
Hours after Russia launched its full-scale invasion of Ukraine on February 24, an unexpected announcement was released online: A special hacker unit called "Tactical group of Belarus" had formed and were joining the fight against Russia.
Without Russian gas, the European Union would have to reduce demand by approximately 15%, with big differences between different parts of Europe.
International companies in search of tech talent and innovative local startups are converging in Serbia, an emerging high-tech hub that is especially strong in blockchain and game development.
The large debt Kyrgyzstan has accumulated to neighbouring China has raised fears the country may have to hand over lucrative assets if it fails to meet its repayment obligations.
Furious locals and police largely agree on what happened during Uzbekistan’s worst bout of unrest in almost 20 years. But there is strong dispute on one crucial point: Who started the violence?
Russia is a globally significant grain producer and exporter, but the Russian dacha, or summer house, still produces the lion’s share of vegetables and potatoes.
With no end to the Ukraine war in sight, spiralling inflation is set to drag down growth across Emerging Europe in the second half of 2022 and into 2023, wiiw’s latest forecasts say.
Ukraine’s banking sector is holding steady in the midst of the war-storm sweeping the country and returned to profit in May after losing money in the first two months of the war, according to the National Bank of Ukraine (NBU).
The ancient festival initiated by Ghengis Khan in 1206 and commemorating the “three sports of men” — archery, horseracing and Bökh wrestling — is back after two years of pandemic disruption.