Analysts weighing up likelihood of wave of food nationalism and protectionism as coronavirus roils markets.
Equity and bond markets have been rocked by record volumes of outflows since the end of February in one of the biggest sell offs ever, but the pace of selling seems to be slowing in the last few days, said the Institute of International Finance (IIF)
AIFC financial hub seeking to create regional centre for Chinese yuan-based clearing and settlement.
Fitch Ratings has cut its short and medium-term oil and natural gas price assumptions in expectation of very large market oversupply in 2020.
Order comes from president after tenge weakens by 17% against dollar in face of collapsed oil prices.
Convergence to be reversed as the economic crisis resulting from the coronavirus pandemic is set to be deeper and longer in the CIS, Ukraine, Turkey and the Western Balkans than in the EU member states of Central and Southeast Europe.
Vienna-based think tank expects the coronavirus pandemic to result in the worst year for the region since the global financial crisis.
Depreciation triggered after Kazakhstan’s central bank (NBK) decides to stick to free float regime instead of supporting currency with interventions as it promised when crude price crashed last week.
The EBRD has unveiled an emergency €1bn “Solidarity Package” to help companies deal with the impact of the coronavirus pandemic.
Coronavirus inroads in Central Asia starting to become clear. But so far it’s economic fallout from outbreak’s impact on China that is most apparent.
Country’s budget based on oil at $50-$55 per barrel compared to $31 caused by failure of OPEC+ talks. Situation could eat up government reserves. Some Kazakhs enter into panic buying of dollars. Central bank hikes key rate 275bp.
More than 100 years since International Women’s Day was declared a national holiday in post-revolutionary Russia, a new survey from the UNDP reveals gender bias is still widespread across the region.
Bond markets in emerging Europe were off to a strong start in January but the impact of the coronavirus was already visible by February as bond issues began to drop off.
“No signs of any resolute rebound in activity” within private non-oil sector but slower rate of decline across most index components observed.