The growing importance of environmental, social and governance (ESG) performance to investors (and ultimately to voters) is one of the most important forces shaping the new global economy. CO2 emissions must peak next year or we are in trouble.
During the bank sector reform more than $15bn was stolen by the owners, including $7.6bn stolen by oligarch Ihor Kolomoisky from Privatbank. The IMF has demanded the government tries to recover some of this before granting a new deal.
Notes from BlueBay Asset Management economist Timothy Ash on his latest visits to Istanbul and Ankara.
Beware, says analyst, “When a country's ruler resembles King Lear out on a moor in the storm, any calm is temporary and deceptive”.
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc
On October 7, 2019 Uzbek president Shavkat Mirziyoyev held a meeting with several ministers, including the Capital Markets Development Agency, where he directed them to “consolidate all relevant laws into a single simple capital market law
Investors and policymakers finished the International Monetary Fund (IMF), World Bank annual general meetings in October on a more positive note than expected.
Officials unleashing flood of cash in bid to reboot economy and president's popularity. Analysts are wary.
International scrutiny and intervention have prompted the Latvian authorities to clean up the scandal-plagued financial sector, but the jury is still out on whether they have managed to do enough thus far.
The weakness in Russian retail sales looks close to bottoming out, but any turnaround will be modest. This is one reason to think that the overall recovery in GDP growth will be weak and that the central bank’s easing cycle is likely to be deeper tha
From out of nowhere oil revenues laundering case is back to haunt Turkey’s strongman. Officials act to stop shorting of lira and banking shares.
On October 13, on either side of the Tatras mountains, “illiberal democrats” faced their latest litmus tests. The ruling parties of PiS and Fidesz retain their grip on power, but in both countries foreign investors don't seem to care
It’s not clear at all that Donald Trump is serious about bringing forward sanctions with teeth. Turkish markets are gradually taking a hit, but there is some way to go before the government might lose its grip on the situation.