Opinion
PROKOPENKO: Western assets in Russia, navigating a challenging landscape
In 2023, amid Russia’s full-scale invasion of Ukraine, the Kremlin has shifted its focus from the battlefield to the economy. Now the Kremlin has started nationalising Western assets in Russia after several Russian assets in Europe were seized.
MACRO ADVISORY: Russia’s economy posts the highest rate of expansion since early 2022
According to estimates by the Economy Ministry based on data from RosStat, in May the growth in Russia’s GDP accelerated to 5.4% year on year from 3.4% y/y in April.
PANNIER: There is no graceful exit from office for Central Asian presidents – except for the grave
Until a Central Asian president does manage to leave office and peacefully retire, the cycle of lifelong leaders is likely to continue.
MACRO ADVISORY: Ruble sacrificed to protect the budget
There is a strong bounce in the economy evident in the latest statistics. The other key recent development is the dramatic weakening of the ruble.
NEMETHY: Europe’s declining competitiveness
GDP growth (hence wealth creation and improved standards of living) are not possible without competitiveness. So the European track record on competitiveness is a genuine cause for concern.
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Hidroelectrica IPO brought new investors to Bucharest Stock Exchange, but will they stay?
Hidroelectrica’s IPO by itself will not increase the liquidity on Romania’s equity market. More IPOs are needed.
CENUSA: The Cyprus precedent for Ukraine, Moldova and Georgia
A situation similar to the acceptance of divided Cyprus as an EU member state may be repeated for the three countries with regions de facto controlled or occupied by Russia.