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Fintech is growing fast in Central Asia as banking sectors looking to leapfrog the traditional financial sector development go straight to high-tech solutions for local people’s lending and spending needs.
The Digital Intelligence Index (DII) put together by specialist Emerging and Frontier market investment fund Sturgeon Capital provides insights into the potential for fintech investments in emerging and developing markets.
European electricity consumers will save some €100bn on their energy bills, due to the rapid expansion of renewable energy sources caused by the Russian induced energy crisis the International Energy Agency said in a report.
ENAG inflation research group contends headline figure was 109% y/y, up from April calculation of 105% y/y.
Rising prices haven’t dented the demand for new builds in Skopje as inflation-wary Macedonians turn from banks to property.
Russian grain exports are expected to reach record levels in the current 2022-2023 agricultural season, with estimates by various domestic agencies and institutions ranging from 55.5mn to 59.3mn tonnes.
How much market orthodoxy Turkish strongman can swallow is now the question.
Czechia, Estonia and Slovakia are planning budget cuts at a time when interest rates are still painfully high and many economies have yet to emerge from recession.
Russia’s banking sector recorded a net profit of RUB224bn in April, with an annual return on equity of 21%. While this figure represents a one-third decrease compared to March, the sector profits already top RUB1 trillion.
The European great and the good gathered in a Moldovan castle yesterday for the second European Political Community summit and got very little done.
West might talk tough on Russia sanctions enforcement, but it may have to settle for half-hearted promises from region.
The sector is bracing for more losses in 2023, according to the retail association OKSZ.
Poland's Purchasing Managers' Index gained 0.4 points to 47 in May (chart), beating expectations, the economic intelligence company S&P Global said on June 1.
Croatian investment group is already preparing a major investment cycle focused on developing renewable energy.
There is growing concern that Viktor Orban's radical rightwing government, with a track record of breaching fundamental values and blocking key EU decisions, could use the presidency in 2H24 to push its own agenda.
Input costs and selling prices, however, continued to rise amid reports of currency weakness.
De Ruyter has laid out a case for decarbonisation to allay South Africa's deepening energy crisis, which he says would restore investor confidence and create jobs amid staggering unemployment levels.
South Korea has entered into a joint venture with Poland to produce arms and ammo that will initially be used to supply Ukraine, but will later contribute to Warsaw’s ambitions to create the largest conventional force in Europe.
It has been well over a year since the Warsaw Stock Exchange last saw an IPO.