Russian country report for June ... more
bne IntelliNews monthly country report on ... more
Ukraine may suffer one of the worst falls in GDP after a war, the European Bank for Reconstruction and Development (EBRD) predicts in its 2022/23 Transition Report. In an analysis of the economic ... more
On November 13, a bomb attack in Istiklal Avenue, the main pedestrian zone in Istanbul, killed six people and wounded 81. Turkey’s government is yet to come up with a logical explanation for the ... more
Georgia's real GDP grew by 10% in January-October compared to 10.5% in the same period last year, according to data released by the National Statistics Service of Georgia on November 30. In October, ... more
“The world is now at a historic crossroads, with the most dangerous and important decade since World War II looming,” Russian President Vladimir Putin said at the plenary session of the Valdai ... more
Iran’s economy grew at a rate of 3.8% in the first quarter of the current Persian calendar year (March 21–June 21), state broadcaster IRIB has reported, citing data from the Statistical Centre of ... more
In Georgia, the real gross domestic product (GDP) growth rate in August amounted to 10.5% y/y, and 10.3% y/y in January-August. Economic activity has been stronger than expected with real GDP growth ... more
Turkey cut its policy rate further by 150bp to 10.5%. The central bank’s monetary policy committee (MPC) also said that it has “evaluated taking a similar step in the following meeting and ending ... more
The war grinds on and the Ukrainian economy is being slowly destroyed. On October 10 Russia launched its own counteroffensive, targeting Ukraine’s power infrastructure. As of the time of writing ... more
Economic activity stabilised in Russia in Q3 after the deep downturn in Q2. Car sales have bottomed out, manufacturing has bounced back and bank credit has started to flow again. Analysts think ... more
Iran’s economy grew at a rate of 3.8% in the first quarter of the current Persian calendar year (March 21–June 21), state broadcaster IRIB has reported, citing data from the Statistical Centre of ... more
Economic activity has been stronger than expected, with real GDP growth estimated at 10.5% y/y in the first half of 2022. This growth has been driven by transportation, energy, hotels and ... more
Turkey is by now accustomed to its path of collapse, and the country continues to move along it. Global markets, meanwhile, are breaking out in a sweat over the Fed tightening and interwoven ... more
September was marked by spectacular military successes for Kyiv and a stabilisation of the government’s financial position. The counter offensive launched at the start of the month around Kharkiv ... more
Russian politics was thrown into chaos after Russian President Vladimir Putin introduced a partial mobilisation on September 21, calling up 300,000 reservists to fight in Ukraine. Within a week ... more
Turkey on August 18 introduced another shock rate cut. The USD/Turkish lira (TRY) pair, which had been testing the 18-level for around a month, crashed through the 18/$ threshold towards 18.15. ... more
The war grinds on in Ukraine with no end in sight. There was the hope a peace fire could be reached in April during the Belarusian talks, but that faded away after the massacre at Bucha* and ... more
Russia’s GDP contracted by 4.3% year on year in July 2022, moderating the decline of 4.9% y/y seen in June, according to the latest date by the Ministry of Economic Development. To remind, For 2Q22 ... more
Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more