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The Black Sea grain export deal was extended for the full 120 days at the last minute on March 18, according to Ankara and Kyiv.
Pandemic and Ukraine war impacts bring hardship that makes battle to subsist outside of the city a gruelling challenge.
Inflation is currently expected to begin easing – albeit very slowly – from March on, although the average inflation in 2023 appears certain to remain in double digits.
Longstanding ruler Milo Djukanovic is fighting off challenges from newcomer Europe Now’s candidate Jakov Milatovic and pro-Russian Andrija Mandic.
Average wages up 15% y/y in nominal terms in January, fully matching the rise in consumer prices after they lagged behind inflation for most of 2022.
Analysts predict the CPI to embark on an extended descent that might see the index down at around 10% y/y at the end of the year.
Positive growth in January doesn’t change the big picture: the country is close to five years of industrial decline.
Automotive production rose 20.3% y/y as headline industrial output confirmed to have inched down 0.2% y/y in January.
On New Year’s eve in Yakutia with temperatures below -40C, all the city's taxi companies tripled their fares on the same day. “It was a cartel,” says Tomsky. So he set up a taxi app that allows users to negotiate prices.
Russia has brought in a new all-time high record harvest of 153mn-155mn tonnes of grain, President Vladimir Putin said during the visit to the Ulan-Ude Aviation Plant on March 14.
Moscow expects that most of Africa’s 54 countries will “ignore threats and blackmail from the West” and attend the long-delayed second Russia-Africa summit in St Petersburg in June, Russian Ambassador at Large Oleg Ozerov told a forum.
The Russian invasion has caused a poverty crisis in Ukraine and the most vulnerable citizens are struggling with basic necessities, particularly food.
As economic and political pressure on Serbia to join Western sanctions on Russia grow, Serbian Economy Minister Rade Basta took the unexpected step of calling for Belgrade to impose sanctions.
Vienna is giving the impression that it is struggling to decouple its interests from Russia, if not actively avoiding doing so.
Belarusia's president signed agreements that could result in benefits worth $100m during his visit as top diplomats and presidents on both sides of the Ukraine war divide continue to tour world to shore up support.
Russian inflation figures for February show the rate fell slightly below market expectations at 11% year on year. However, experts predict that it will fall further in March, to the central bank's target rate of 4% as base effects take hold.
Further rate cuts are expected particularly as the economy could use any impetus to recover from the deep dive seen in Q4.
One year after Russia’s invasion of Ukraine upended agricultural commodity markets, food prices remain elevated even after retreating from their record highs in early 2022.
The Kremlin-backing head of state, who left office this week, is widely seen as without question the worst Czech president since the restoration of democracy in 1989.