“Broke the number one rule for members of the government—Don't talk about the exchange rate!” says strategist after Berat Albayrak appears to row back on comments.
With no new money flowing into ETFs, Russia’s spring rally paused this week as investors took profits following a strong start to the year.
Many of the newer EU member states saw their scores deteriorate on the latest Corruption Perceptions Index amid growing state capture and efforts by governments to undermine judicial independence.
Poor performance on latest index from Transparency International comes after years of warnings of the risks of democratic backsliding in the region should states fail to progress towards EU accession.
Ukraine’s population fell behind that of Poland for the first time as an electronic census revealed the number of citizens had fallen by some 5mn people to 37.289mn since the last census in 2000.
The labour shortages that have threatened to limit economic expansion in Central and some parts of Southeast Europe have started to ease in some countries, with increased labour migration a contributing factor.
Ukraine’s domestic bond market got off to a strong start in 2020 as heavy bidding at the weekly auction on January 22 depressed yields to 10%. A year ago Ukraine bonds were yielding 19%.
Any potential investor who invests more than $100mn in Ukraine, will get a personal "guardian" from the government, according to President Volodymyr Zelenskiy, who is at the Davos conference to talk up Ukraine’s investment case.
Analysts are increasingly keen on the stocks of Russian national air carrier Aeroflot after it had a terrible 2019.
Turkey’s 5-year credit default swaps fell below 250bp on January 15 and have remained in the 240s since then. Record 566bp was seen in after the lira crisis.
Bankers puzzled by wide-ranging probe as competition authority searches their computers. Meanwhile, Erdogan administration plays it cool as real rates sink below zero. Financial security presented as issue of “national security”.
The clarity brought by the new government has improved investors’ confidence, but more is needed to bring yields down in line with peer countries with more sustainable public finance indicators.
The new administration in Chisinau will take a tougher line on negotiating a new package with the IMF when its current arrangement expires in March. PM Ion Chicu says he is willing to forgo external support if conditions are “unacceptable”.
State lender faces contempt of court move after obstinately refusing to appear in New York courthouse to answer Iran sanctions-busting charges.
DIV Group owner Tomislav Debeljak expects synergies between Kleven Verft and Croatia's largest shipyard Brodosplit will result in higher competitiveness and cost savings of up to 5%.
Investigators claim he developed complex schemes aimed at financing investment projects in Russia, enabling him to systematically embezzle funds of Kazakhstan’s BTA Bank.
The spring rally that got under way at the start of the new year has received a boost from Russian President Vladimir Putin's proposed constitutional changes and the appointment of a new government, as both the RTS and Moex Russia index hit new highs
Addressing parliament, lawmaker also calls on Iran to build nuclear bomb. Qasem Soleimani’s successor, meanwhile, says “enemies” like US "understand no language but force”.
Prime Minister Ludovic Orban cited the EU's new Green Deal rather than security issues or cost concerns circulated previously as the main reason behind a potential end of the deal with CGN.
Two democratic US congressmen urged Polish President Andrzej Duda to prevent the so-called "muzzle law" from being pushed through parliament, describing it as a “dangerous threat to Poland’s democratic institutions.”