Lira a ticking time bomb as Turkey’s 5-year credit default swaps surpass 700-level

Akin Nazli in Belgrade May 23, 2023

With little expectation strongman Erdogan will be toppled in May 28 run-off vote, markets guard against economic calamity.

Uzbek capital markets development off to a slow start

Ben Aris In Samarkand May 21, 2023

The Uzbek government is planning to privatise several state-owned enterprises by floating their shares on the Tashkent Stock Exchange (TSE) and has turned its attention to getting them ready, but the market remains narrow and shallow.

Markets turn screw on Turkey ahead of run-off

bne IntelIiNews May 19, 2023

Lira hits latest record low and cost of insuring debt soars. New data, meanwhile, shows central bank burnt through $17bn in weeks before polls attempting to prop up economy.

EBRD 2023: Uzbekistan aims for WTO membership to boost trade ties

bne IntelliNews May 18, 2023

The Uzbek government is going to continue to focus on economic stability, bringing inflation down, making the country more attractive to international investors and boosting trade with World Trade Organisation (WTO) membership.

Milestone China-Central Asia ‘5+1’ summit pursues new blueprint for relations

Ben Aris in Berlin May 18, 2023

Stans were eager for red carpet treatment. Notably, Russia was not invited.

New Development Bank: the Emerging Markets' very own development bank

Ben Aris in Almaty May 17, 2023

Part of the reason the NDB was set up is that the inflow of investment to the emerging world has underperformed in the last few decades and the investment needs remain enormous.

EU looks to better implement measures targeting Russian energy in upcoming 11th sanctions package

bne IntelliNews May 15, 2023

The EU continues work to hash out an 11th sanctions package on Russia in response to its invasion of Ukraine, which will require the approval of all 27 member states to be finalised.

EBRD 2023: EBRD meets in Samarkand as Central Asian transformation accelerates

Clare Nuttall in Samarkand May 14, 2023

Development bank holds its annual meeting in Central Asia for the first time in 12 years.

TURKISH ELECTIONS: May 14 vote (live blog, as it happened)

bne IntelIiNews May 14, 2023

Updates throughout the day.

Narva: The EU's eastern output is still looking for an identity

Marco Cacciati in Narva May 12, 2023

Russia's invasion of Ukraine made Narva a symbol of the new “iron curtain” that had descended upon Europe. Now the Estonian city is trying to better integrate its Russian-speaking majority and reverse years of population decline.


Akin Nazli in Belgrade May 12, 2023

Turkey goes to the polls on Sunday May 14. Any rational analysis says the Erdogan era must end. Country in days and weeks that follow the voting will not be for the faint-hearted.

Reward from Putin: Moscow cancels visas for Georgia and renews direct flights

Tornike Mandaria in Tbilisi May 11, 2023

The move is widely regarded as the Kremlin’s reward for the Georgian government’s restrained stance on the Ukraine war and its "anti-Western propaganda".

KSE’s plan for Ukraine to fight back against Russia’s weaponisation of gas

Ben Aris in Berlin May 11, 2023

Russia's attempt to use its gas supply as a political tool against its neighbours and the EU has backfired, but gas supplies from Russia to Europe should be allowed to continue, but with some strict restrictions to defang Russia's energy weapon.

Pashinyan plays delicate balancing act with Moscow ahead of EU peace talks

bne IntelliNews May 11, 2023

The Armenian president cannot afford to alienate Moscow when his country remains so dependent on its big neighbour and at a time when the outcome of the peace talks remains so uncertain.

Uzbek president Mirziyoyev raises billions of dollars in investment pledges during German trip

Aida Kadyrzhanova in Almaty May 10, 2023

Uzbek president Shavkat Mirziyoyev is on a mission to attract foreign investment as part of his "New Uzbekistan" plan with his two-day visit to Germany in May already yielding billions of euros in new deals.

Scaled-down Victory Day Parade in Moscow attracts thin crowds

bne IntelliNews May 10, 2023

A scaled-down Victory Day military parade on Moscow’s Red Square and through the capital’s central streets attracted thin crowds as fewer people than in recent years came to watch the annual May 9 celebrations.

PROFILE: Estonian Prime Minister Kaja Kallas

Robert Anderson in Prague May 9, 2023

Like the original "iron lady" Margaret Thatcher, Kallas has won a reputation for her tough stance against Russia, whilst also seeing her popularity rise during a war.

Russia to sell gas to Uzbekistan through reversed flow Soviet-era gas pipelines

Ben Aris in Berlin May 9, 2023

Russia will sell gas to the energy-hungry Uzbekistan by reversing the flow of the Soviet-era gas pipeline network that used to transport Turkmen gas to Russia.

SCO foreign ministers summit in Goa brings together Asian and Eurasian old rivals to try to put aside their differences

Ben Aris in Berlin May 8, 2023

The Council of Foreign Ministers meeting of the Shanghai Cooperation Organisation (SCO) met in Goa and saw old rivals try to put aside their rivalries in an effort to build a more co-ordinated coalition of developing countries.

Balkan region in shock after mass killings in Serbia

Valentina Dimitrievska in Skopje May 7, 2023

Two separate incidents within days resulted in the deaths of 17 people, mostly children.