International cooperation is more important than ever because no country can address climate change by itself.
With Turkey in the midst of a once-in-a-generation economic crisis, the country’s lenders require drastic action to survive. A faster expansion of their digital offerings should be part of that.
Despite the significant headwinds Ukraine has faced in 2023, economic activity is surprising to the upside. Real GDP will be up more than 5% in 2023, inflation has plummeted to single digits, and NBU reserves hit historical highs.
Hungary is not following a state capitalism model. It is not the state itself that owns most strategic assets, but businessmen close to the ruling party, Fidesz. This is closer to the Putin playbook, creating a class of oligarchs.
COP28 will focus on ramping up efforts and investment in climate mitigation, adaptation and loss and damage control. It's now crucial that companies invest in clean technologies, harness climate finance opportunities and contribute to systems change.
Over 70,000 people attended Dino Merlin concerts in Belgrade despite negative campaign on pro-Kremlin platforms.
Inflation rates are coming down across the Emerging Markets and are now entering a second phase, Capital Economics said in a note on November 28. Central Banks are getting ready to cut interest rates but rate cuts will come slowly.
The economic sanctions imposed as a result of the war of aggression started by Russia in March 2022 have changed the Russian financial market in many ways. Now foreign investors are leaving.
Kyiv School of Economics (KSE) is closely following Russia’s oil export business that has been targeted by Western sanctions and has released its latest update of the Russian Oil Tracker.
Russia has successfully dodged the $60 oil price cap sanctions. Bold action needs to be taken to make sure the rule is enforced.
Russia’s economy is on course to expand by 2.2% this year and growth is expected to stay above 2% for the following two years, according to the Central Bank of Russia, yet the West’s extreme sanctions have imposed a real cost.
The auto sector maintained momentum throughout 2023, which pushes sales an expected 8% higher. We think that order books and underlying demand will still bring positive developments next year, too.
There aren’t yet talks between Russia and Ukraine, nor even talk about talks, but there is now talk about talk about talks. That’s a necessary development, but also an uncomfortable one.
China has forged deep economic ties with countries in sub-Saharan Africa over the past 20 years, making it the region's largest single country trading partner so China's economic slowdown will hurt Africa.
In September, Ukraine’s central budget incurred a deficit of $3.6 bn (excluding a $1.25 bn US grant), a bit higher than the August figure of $3.34 bn and in line with the $3.64bn average monthly budget deficit (net of grants) for 2023.
A Matryoshka doll or nesting dolls is the best metaphor to describe the economic-political relationship between Russia and China. Some elements of this Matryoshka doll are determined by market relations, while others are manually controlled.
More than a month after Azerbaijan attacked ethnic Armenians living in its Nagorno-Karabakh region, displacing 120,000 people, foreign political influence in the Caucasus is still shifting.
The US economy is powering forward with almost 5% GDP growth as per the last measured quarter. Global GDP growth is in the range of 3%. This article will explore whether we are reaching (or have already passed) a tipping point.
The Azerbaijani dictator is refusing to engage with the European format of negotiations with Armenia but the West could still force him to take part.