Russia’s imports recover as trade pivots to the east

Ben Aris in Berlin November 20, 2022

Russia’s imports crashed after the invasion of Ukraine in February as Western trade partners simply cut supplies to the country off while around 1,000 firms promised to pull out altogether. Now they are recovering fast.

Pipistrel seeks future in electric passenger aircraft

Kester Eddy in Ajdovščina in western Slovenia November 18, 2022

Slovenian aerospace company partners with Textron of the US to accelerate growth.

Kherson's liberated villages start to revive after horrors of occupation

Neil Hauer in Velika Okeksandrivka November 18, 2022

Amid the ruins of their houses, Ukrainian villagers recall the Russian invasion and Moscow's retreat in some of the fiercest fighting of the war.

Private equity poised for growth surge in CEE despite macro and geopolitical crises

Clare Nuttall in Glasgow November 16, 2022

Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.

World population hits 8bn. Where do we go from here?

bne IntelIiNews November 15, 2022

Greying of populations big dilemma for developed countries. Share of people on planet aged 65 years or above projected to rise from 10% now to 16% in 2050.

Kazakhstan: Old-school presidential debate stokes election cynicism

Almaz Kumenov for Eurasianet November 15, 2022

The incumbent’s absence from the debate will bear him no political cost. His five rivals will all lose soundly this weekend.

Uzbekistan’s “People’s IPO” stars are ready for listing

Ben Aris In Samarkand November 15, 2022

In the remaining months of this year Uzbekistan hopes to hold its first three major IPOs in carmaker UzAvto, metallurgical business UzMetKombinat and the leading mortgage bank in the country Qishloq Qurilish Bank (QQB).

DATACRUNCH: Three small Southeast European economies are outperforming Emerging Europe

bne IntelliNews November 14, 2022

Croatia, Montenegro and Slovenia have been relatively resilient to the crisis this year, though a slowdown looms in 2023.

INTERVIEW: Orient group investing into Uzbekistan's growing population and investment-friendly climate

Ben Aris in Tashkent November 12, 2022

Uzbekistan’s Orient Group has emerged as one of the largest multi-sector conglomerates in Uzbekistan with interests in real estate, banking, retail and agriculture. Now it is getting ready to tap in the international capital market.

DON: Why Russia is withdrawing across the Dnipro now

Gav Don in Edinburgh November 11, 2022

The withdrawal goes back to the unanswered question of what was Moscow’s original objective on February 24, and why did it take the Kherson bridgehead in the first place?

How sanctions and government policies are strangling Belarusian growth

bne IntelliNews November 11, 2022

Sanctions, inflation rates and government policies have been (and still are) restraining Belarus’ industrial output and the domestic market’s expansion this year. The effects are clearly reflected in the increase in stocks of finished goods.

INTERVIEW: How to sue the world's most powerful paramilitary organisation, the Wagner Group

Dominic Culverwell in Oxford November 11, 2022

Outraged at Moscow’s virulent invasion, the British legal firm McCue Jury & Partners decided to launch a claim on behalf of Ukrainian refugees undergoing psychiatric care in the United Kingdom.

INTERVIEW: Giorgi Paresishvili, chairman of Tashkent Stock Exchange

Ben Aris in Samarakand November 10, 2022

In January 2016 Paresishvilli successfully plugged Georgia into the international capital markets when it hooked up to the international settlement and clearing system of Clearstream. Now he intends to do do the same with the Tashkent Stock Exchange.

Uzbekistan showcases IT progress at ICT Week 2022 in Samarkand

bne IntelliNews November 9, 2022

Uzbekistan's ICT Week 2022 was a chance for the country to showcase the results of its ambitious economic reform programme under President Shavkat Mirziyoyev. The World Bank has stated that Uzbekistan is undergoing an "unprecedented transformation".

Russia’s VTB brings down the curtains in London on its “100+year history”

Jason Corcoran in Dublin November 9, 2022

VTB, the Kremlin’s second-largest bank, has brought down the curtains on “the final chapter” in its “100+year history” in the City of London, according to its latest regulatory filing.

Xalq Retail, the people’s supermarket

Ben Aris in Samarakand November 9, 2022

Xalq Retail (which means “People’s retail” in Uzbek) was only set up in 2020 and has 10 stores but intends to become the leading supermarket chain in the Central Asian market that is home to tens of millions of people.

Russian military activity in Belarus and Putin's hopes for bringing his ally into the conflict

bne IntelliNews November 9, 2022

Russia could form new strike groups to attempt another offensive from Belarusian territory in 2-3 months, according to one Ukrainian military official.

Ukraine fatigue builds, but Western support for Kyiv unlikely to falter soon

Ben Aris in Peterborough November 8, 2022

“Ukraine fatigue” among Kyiv’s Western allies is building as the war drags on, fuelling both a cost of living crisis and an energy crisis, but Western aid to the embattled country is still far from halting.

Kazakhstan: Militant angle to Bloody January events strains under scrutiny

Eurasianet November 8, 2022

The president claimed “trained militants” were behind nationwide unrest in January. Ten months later, no evidence has come to light supporting his claim.

The Black Sea grain deal is about to expire. What is at stake for Africa?

Marco Cacciati in Berlin November 8, 2022

On October 29, Russia pulled out of the landmark “Black Sea Initiative” grain deal, brokered by the UN and Turkey last July, only to rejoin a few days later. However, the deal is set to expire soon, and its extension is uncertain.