The share of zombie companies in Russian industry is 10-15%, according to the Centre for Business Studies of the National Research University Higher School of Economics.
The purchasing power of Russians in the first half of this year fell in 64 of Russia’s 85 regions, according to the “borscht index”, a sort of Russian version of the well-known “Big Mac index”.
Using foul language or “hurting the dignity” of public figures could lead to up to three months in jail.
Afghanistan has hundreds of millions of dollars of hard-to-find lithium deposits in dusty ground. Following the Taliban sweeping to an effortless victory in the country, it is China that is best positioned to exploit the resource.
Inflation is further stifling weak demand, putting the central bank in a bind.
Violent clashes after Ukrainian law enforcers attempted to crack down on the criminal schemes the movement uses to make money.
A year ago Stepan Latypov (Stsyapan Latupau) went down to one of the main squares in central Minsk and started to hand out flowers to the women he met there. He was later arrested, beaten and finally sentenced to 8.5 year in jail.
A $2bn swap deal with Korea also provides little but make-up. Turkish central bank has no competitor worldwide in carrying such a huge short FX position.
The future of plans for a gas pipeline, trade links to South Asian ports, power transmission lines and railways will remain up in the air until the direction of the new Afghan regime is clear.
The Taliban has assured the region’s governments that it has no designs on them, but can it keep more hostile groups in check?
The rapid recapture of almost all of Afghanistan by the Taliban only weeks after the US pulled out is a major headache for China, but Beijing has already moved to recognise the fundamental Islamic movement in an effort to quickly end the fighting.
Fashion industry figures have forecast an explosion of consumption in a new “roaring twenties” when the pandemic ends, but rebuilding Albania’s garment and footwear sector won’t be easy.
Earlier this year Vladimir Putin’s called for cutting Russia’s greenhouse gases (GHG) emissions to below those of the European Union as the Kremlin starts to wake up to the dangers of global warming.
This year will go down in Russian history as the start of a new era of political emigration. While waves of emigration from the country are part of the drama of Russian life, today, for the first time since Soviet times, people are emigrating again
Uzbekistan is already the site of the world’s worst man-made catastrophe, and things will only get worse as temperatures rise. bne IntelliNews looks at Tashkent's efforts to adapt to climate change.
An expected increase in energy demand and the need to cut emissions have prompted Tashkent to draw up plans to overhaul existing infrastructure, raise efficiency and encourage investment into renewables.
Sports commentators are questioning the wisdom of hiring foreign players to compete for the Azerbaijani flag.
The COVID-19 outbreak has compounded a problem caused by low salaries.
Belarusians went to the polls to choose a new president exactly a year ago on August 9, 2020 in elections that plunged the country into its worst political crisis in three decades.
Disappointed by the weak traffic at Oradea airport, the municipality and county authorities decided to set up their own airline.