Thanks to a series of aggressive rate hikes by the CBR, Russian retail investors have started to put their money back into bank deposits after they invested heavily in the stock market after real interest rates fell to next to nothing.
After last year's war, Armenia’s southernmost province of Syunik is now bordered by Azerbaijan on two sides. Local people fear they are next.
Keeping President Djukanovic’s DPS out of power has proved a strong glue holding the coalition together, but rifts among its members have stalled Montenegro’s progress towards EU accession.
Capital spending levels at Russia’s Gazprom are once again creeping upwards, as the company prepares to ramp up gas supplies to China and expand development in the Russian Arctic.
The country no longer has a choice, the president says.
Moscow has loudly protested against western talk of a possible invasion of Ukraine, but at the same time continues preparing for a possible military clash with Nato.
Uzbekistan has a very long history of making luxury textiles and today the country is trying to revive them.
So far the opposition is resisting the kind of broad formal deal that parties have agreed in Czechia and Hungary to oust populist incumbents.
Tensions are high and there is talk of a possible invasion of Ukraine by Russia. But what would that actually look like? How much destruction would it cause and how many people would die?
Calls for early elections mount as panicked workers start converting salaries into hard currency as soon as they are paid.
Tirade from Erdogan in which he declared “economic war of independence” appears to have accelerated sinking of the ship.
The region’s underfunded health systems are struggling to cope with the impact of the fourth wave of the coronavirus on the large numbers of their citizens who are still unvaccinated.
Greece is building new defence relationships with Israel, Egypt, France and the US.
The Muruntau gold mine located in the Qizilqum (aka Kyzyl-Kum) desert in Uzbekistan is the world’s biggest open-cast gold mine. Discovered in 1958, some $3bn has been invested into modernisation, and the plan is to privatise it in the next years.
Impact versus country’s 2018 balance of payments crunch might be less as EM currencies generally don’t look like they’re in need of significant adjustment, while foreign investors have pared back exposure to Turkey, Capital Economics assesses.
Warns lira threatens to burst through 13/$ in coming days. One analyst calls move “literally insane”. Opposition calls for early elections.
The ruble’s exchange rate to the dollar has acted a fairly good barometer for the level of geopolitical tensions in the last two years. But it has shrugged off recent talk of troop build-ups on Ukraine's border and a possible invasion.
Qizilqumsement (QZSM) is of Soviet vintage and is the biggest cement maker in Central Asia. Its business is booming as demand is outstripping demand. A new production line is due online in December that should make the company even more profitable.
The Uzbek economy was one of only two major economies in the world that didn't go into recession in 2020. While the macroeconomic fundamentals are solid, the main headache remains inflation.
The small town of Nukus in the wastes of Uzbekistan’s Qizilqum (aka Kzyl-Kum) desert is the “Louvre of the Steppe.” The new building houses an Aladdin’s cave of lost Russian impressionist art, rescued from Stalin's terror of the 30s.