Eurasian central bank governors battling inflation with mixed success

Ben Aris In Samarkand November 7, 2022

Inflation appears to be under control in Uzbekistan and to have peaked in Georgia and Armenia, but with prices still rising in Kazakhstan the regulator is ready to raise rates “as much as necessary,” the countries' central bank governors said.

Serbia’s Ananas E-commerce aims to become Amazon of the Balkans

Valentina Dimitrievska in Skopje November 7, 2022

Ananas buys up Macedonian online shopping brands as it seeks to bring the online retail experience in developed countries to the Western Balkans.

IEA warns of major gas supply-demand gap in Europe next year

bne IntelliNews November 7, 2022

It now looks increasingly likely that Europe will make it through this coming winter with sufficient gas supply. But the International Energy Agency has warned of a 30bn cubic metre supply-demand gap next year in its latest analysis.

Ryanair Flight FR4978 and the beginning of the end for Belarusian flagship SOEs

bne IntelliNews November 7, 2022

The Ryan air incident of 2021 could be seen as a sort of prelude to what’s happening to the Belarusian economy today. Many other Belarusian SOEs struggling today are already (or will soon be) facing a similar fate.

PROFILE: Edi Rama, the Albanian PM who took on the UK government over migration

Clare Nuttall in Glasgow November 6, 2022

In the deeply polarised political environment in Albania, Rama and his Socialists have retained the upper hand for the last nine years.

How far will China go to support Russia?

bne IntelliNews November 6, 2022

China won’t accept the use of nuclear weapons in Ukraine – but might step in to prevent the collapse of Putin’s regime.

Mongolians and chess, almost as traditional as herding and wrestling

Antonio Graceffo in Ulaanbaatar November 5, 2022

Traditional Mongolian chess dates back to the Great Mongol Empire. It is thought at least a third of Mongolia’s population know how to play the game.

Kazakhstan: Tokayev’s election campaign strives for legitimacy bump

Zholdas Oristbayev for Eurasianet November 4, 2022

President Kassym-Jomart Tokayev’s team sees re-election with a sweeping mandate as the end to a transition that began in 2019.

CONFERENCE WRAP: Building the New Uzbekistan

bne IntelliNews November 4, 2022

Hundreds of delegates gathered in the legendary Silk Road city of Samarkand in Uzbekistan on November 3 for the second Uzbekistan Economic Forum to learn about the progress the country has made during these crisis years and its plans for the future.

Lukashenko steps up political repression as he strengthens ties with Putin

bne IntelliNews November 3, 2022

In the last two months, Minsk has significantly tightened its political control of the country. Minsk's increased political crackdowns show there is no end in sight for the spiral of repressions that have been ongoing since 2020.

Belarus Corruption Watch: How two businessmen made billions from the “solvents scheme”

bne IntelliNews November 2, 2022

In their latest investigation, the Belarusian Investigative Centre has detailed, with the help of the Cyber Partisans, Chyzh’s and Tomaševsky’s joint business schemes since the earlier 2000s and found out how they’ve spent their fortunes.

Sanctions unleash a tsunami of Russian M&A deals

bne IntelliNews November 1, 2022

The extreme sanctions imposed on Russia after the invasion of Ukraine have thrown Russian business into chaos. In the space of a week products and inputs that are essential for production simply stopped arriving even if they were not sanctioned.

Ukraine's 63rd Brigade gears up for Kherson push

Neil Hauer on the Kherson/Mykolaiv front November 1, 2022

Both sides find themselves biding their time, albeit for opposite reasons: Kyiv is building up its forces for a new offensive, while Moscow is digging in.

Plans to imminently sell off third of Mongolia Stock Exchange ‘serious’ says bourse CEO

Michael Kohn in Ulaanbaatar October 31, 2022

Exchange, with average daily trading of $700,000, lately approved for inclusion in FTSE Russell Frontier Index.

Bridges of Trust initiative "can and should help Ukraine to recover", says Fabrizio Rossi of the Council of European Municipalities and Regions

Dominic Culverwell in Berlin October 31, 2022

Russia’s invasion of Ukraine has had the opposite effect Moscow intended. Kyiv and the EU are now closer than ever, with Ukraine having been granted EU candidate status in a landmark event over the summer, and the bloc pledging to support Kyiv.

The fractured world

Ben Aris in Berlin October 31, 2022

Putin’s war is fundamentally changing the make-up of the world – for the worse. While it is tempting to say the Cold War is back, that is inaccurate: back then two ideologies, communism and capitalism, clashed. Today even Russia is capitalist.

Belarus financial sector part II – Belarus seeks further integration with Russian and Chinese payment systems

bne IntelliNews October 30, 2022

Since the largest Belarusian banks have been disconnected from SWIFT this year, Belarus is seeking further integration with Russian and Chinese payment systems.

Stagflation looming as wage growth in CEE runs behind inflation

Ben Aris in Berlin October 28, 2022

Stagflation is looming as wage growth across Central and Eastern Europe (CEE) falls behind inflation, which could deepen the coming recession and impoverish millions of people.

PANNIER: Is there a plot for a fourth revolution in Kyrgyzstan since 2005? The authorities say it is so

Bruce Pannier October 27, 2022

Amid row over land deal with Uzbekistan, 22 critics of the government are detained. The stage is set for unrest.