Emerging and Frontier markets fintech ready to break out

Ben Aris in Berlin June 5, 2023

The Digital Intelligence Index (DII) put together by specialist Emerging and Frontier market investment fund Sturgeon Capital provides insights into the potential for fintech investments in emerging and developing markets.

PANNIER: Precarious balancing act for ‘everybody’s friend’ Central Asia

Bruce Pannier June 2, 2023

West might talk tough on Russia sanctions enforcement, but it may have to settle for half-hearted promises from region.

Kazakhstan’s manufacturing PMI data show ‘strong’ growth momentum in May

bne IntelIiNews June 2, 2023

For the first time in six months, companies expanded staffing levels.

Investigation uncovers flourishing trade in sanctioned technology flowing through Kazakhstan to Russia.

Ben Aris in London May 30, 2023

A joint investigation by German magazine Der Spiegel and the Organised Crime and Corruption Research Centre has uncovered details of how banned technology is avoiding sanctions and is being shipped via Kazakhstan into Russia.

Leaders from Russia and Central Asia focus on energy and North-South trade at EAEU summit

Ben Aris in London May 25, 2023

Leaders of the Eurasian Economic Union gathered in the Kremlin for a summit on May 25, as Russia takes over the chairmanship pursues a strategic break with Europe.

Freedom House says Ukraine war threatens democracy across Emerging Europe

Clare Nuttall in Glasgow May 25, 2023

Democratic governance deteriorates in Emerging Europe and Central Asia, with worst declines in already authoritarian regions.

Xi presents grand development plan for Central Asia

bne IntelIiNews May 21, 2023

Some observers conclude, however, that the big event produced lots of rhetoric and little action.

Flurry of investment moves precede milestone China, Central Asia 5+1 summit

bne IntelIiNews May 18, 2023

Beijing woos region at a time when Russia is too distracted by the Ukraine war to focus effectively on its backyard.

Milestone China-Central Asia ‘5+1’ summit pursues new blueprint for relations

Ben Aris in Berlin May 18, 2023

Stans were eager for red carpet treatment. Notably, Russia was not invited.

EBRD 2023: Kazakhstan looks for buyer to re-privatise former Sberbank Kazakhstan

Clare Nuttall in Samarkand May 17, 2023

Sberbank Kazakhstan was the second largest commercial bank and one of the leading banks that financed small and medium enterprises and the corporate sector.

EBRD cuts regional growth forecasts again but Central Asia still going strong

Clare Nuttall in Samarkand May 16, 2023

Inflation remains a drag on growth in Emerging Europe, along with sluggish growth in advanced economies and stricter financing conditions in Central Europe and the Baltic states.

EBRD 2023: EBRD meets in Samarkand as Central Asian transformation accelerates

Clare Nuttall in Samarkand May 14, 2023

Development bank holds its annual meeting in Central Asia for the first time in 12 years.

Anglo-Russian Polymetal plans to delist from LSE and redomicile to Kazakhstan’s AIFC

bne IntelIiNews May 11, 2023

Gold, silver and copper miner in difficulty as Moscow has listed Jersey, where it is headquartered, as an “unfriendly country”.

Eurasia Development Bank hoping to attract investment into Central Asia with Almaty conference

Ben Aris in Berlin May 11, 2023

The Eurasian Development Bank (EDB) will host a conference for major investors in infrastructure and ESG project in Almaty, Kazakhstan on May 15-17 to promote inter-regional and sustainable investments as well as climate issues.

Darkweb marketplaces offering deepfake videos at up to $20,000 per minute conference hears

bne IntelIiNews May 10, 2023

Kaspersky Lab probed offers in dark shadowy corners of the internet for AI-driven synthetic media services that could be used in fraud, extortion or other crimes.

Leaders of all five 'Stans plus Armenia in Moscow for May 9 victory parade

Ben Aris in Berlin May 9, 2023

The leaders of Central Asia's five republics plus Armenia's PM arrived in Moscow to stand by Putin for the annual May 9 Victory Day parade, despite strong US pressure to downgrade and even break ties with Russia where possible.

Kazakh services sector improves for second straight month PMI data shows

bne IntelIiNews May 5, 2023

Degree of optimism among firms, however, registers a 30-month low.

PMI shows Kazakhstan’s manufacturing sector enjoyed sustained improvements in April

bne IntelIiNews May 3, 2023

Companies boosted amid strengthening demand. Output up for second month in a row due to growth in new orders. Purchasing activity also increased. Price and supply pressures eased, but staff retention causing difficulties.

Kuryk port project takes aim at Kazakhstan’s dependence on Russian pipelines

bne IntelliNews April 29, 2023

As Russia’s war in Ukraine upends the flow of fuels and commodities around the globe, countries including its ex-Soviet neighbours are hunting for alternative routes that avoid Russia.

Kazakhstan spooked by US warning of secondary sanctions

Eurasianet April 27, 2023

At least one leading financial services company is cutting back its exposure to Russian nationals.