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Country’s banking system assessed as in strongest position it has been in for many years, but vulnerabilities “could be exposed if concerns about the global banking system were to escalate”.
Russian banks earned profits of $3.4bn in January, the most ever for the first month of the year, but the banking sector is still limping from the shock of extreme sanctions imposed last year.
The Georgian economy has bounced back fast from the series of sharp shocks of recent years, and rather than being dragged down by the polycrisis that has been unfolding.
Ukraine has secured a staff-level agreement with the International Monetary Fund (IMF) for a 48-month $15.6bn Extended Fund Facility (EFF) arrangement, the government said on March 22.
For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. This author, and others, predicted that “something will break”. Something did break: SVB
Putin took time out from meetings with Chinese President Xi Jinping who had just arrived in Moscow for a three-day state visit to speak to lawmakers from more than 40 African countries and woo them with generous promises of economic and military aid
Romania’s fiscal policy continues to consolidate and borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost the same as last year. Romania is the region's leader with 44% of planned bonds.
Russian GDP contracted by 2.1% last year. For the current year, we expect an economic decline of similar magnitude.
Pandemic and Ukraine war impacts bring hardship that makes battle to subsist outside of the city a gruelling challenge.
Document leaked ahead of general election raised fears about Bulgaria's financial stability.
Bailiffs impound assets as Kazakh minister accuses Russian space agency chief of “diplomatic mistake” over objections to postponement of work at Baikonur cosmodrome.
Ukraine saw an increase in overdue loans last year, rising from 34% to 39%, Ukraine Business News reported on March 14.
From March, Russians struggling to make ends meet will be able to take “credit holidays” for mortgages, consumer loans and credit card bills.
Kremlin nevertheless bristled at top diplomat’s arrival, saying “there is no place for the democratisation experiments of Washington”.
Alfa Bank is a doyen of the Russian banking sector, a well spring of trained talent in the 1990s that did “real” banking business at a time when most oligarchs’ banks were either “bank-like” institutions or glorified treasury operators.
Italian utility Enel plans to sell its subsidiaries in several countries including Romania.
Studenac aims to become one of Croatia's top three grocery retailers and increase its market share to over 12% though a combination of organic growth and acquisitions.
Looking forward to the end of the war, whenever it happens, policymakers are already speculating on how many of the refugees and migrants are likely to stay and how many will return.
The discounts Russia is being forced to offer on its oil exports after twin sanctions were imposed look big, but thanks to huge changes in the market the real price Russia gets for its oil is much higher.