CEO Alexander Picker says Moldindconbank has made significant progress cleaning up its act but admits there is more to be done.
The Central Bank of Russia has released draft monetary policy guidelines outlining its views on Russia’s economy for the rest of the year that highlight the twin goals of “protecting the ruble and price stability” and fighting inflation.
Mahmadzohir will theoretically be eligible to run for president in 2027.
Faced with the realities of Russia’s brutal war, Fozzy Group has suffered both physically and financially. Silpo lost UAH7.6bn ($205.78mn) last year, while damages to the company are estimated to be UAH3bn ($81.23mn).
Presidents of Tajikistan, Turkmenistan and Uzbekistan gathered for unprecedented summit, with officials wary of Afghan militants’ unbending stance on water issues at the border.
The high inflation environment in Hungary is a big headache for the country’s bankers and is putting profits under pressure. And to make matters worse the authorities have raised taxes on the sector.
With inflation passing its peak in most of the countries of Central and Eastern Europe, central bankers are switching gears from aggressively tightening rates to curb price rises to starting to cut rates to support growth.
Senator John McCain called Russia a “gas station masquerading as a country” and the fact that Russia’s nominal GDP is about the same as Italy’s has long been used to dismiss it as unimportant. It turns out that is a vast oversimplification.
Praising America as the “guiding North Star for our democratic journey”, L. Oyun-Erdene offers more economic engagement including deals on critical minerals.
Despite broad support for seeking closer economic ties with Beijing, pro-Western observers in Georgia are wary of the relationship getting too close.
Russia’s banking sector made more profits in the first half of this year than at any time since sanctions were first imposed in 2014, according to the latest data from the Central Bank of Russia (CBR).
It’s been more than seven months since Azerbaijan closed off Nagorno-Karabakh’s only access to the outside world, and the smouldering humanitarian crisis is coming to a head.
The reconstruction of Ukraine will be the biggest building project Europe has seen since the end of WWII. The devastation wreaked by Russia on Ukraine is catastrophic, but it also presents an unprecedented opportunity.
Extensive damage to crops in region, as deadly storms follow record heat.
Porous borders and weak governance makes region a hotspot for illegal financial flows, warns Global Initiative report.
Uzbekistan, Afghanistan and Pakistan agree to railway’s route, but securing funding pledges for the multi-billion-dollar project remains a big problem.
Japarov's legal tinkering looks to many like an expedient to bolster his grip on power.
44% of respondents to Balkan Barometer survey consider living abroad, with the figure reaching 57% in Kosovo.
Central bank digital currency could provide cheaper transactions for companies currently accepting plastic cards and paying substantial acquiring fees.
OPEC maintained its forecast for Russian oil production this year at 10.28mn barrels per day in its latest monthly report, despite the government’s recently announced plan to curtail exports by 500,000 bpd in August.