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Efforts to detect ballot box anomalies also hindered by block put on access to 2018 data. Situation revealed ahead of May 28 presidential run-off.
Flashing red lights on lira, sky-high inflation, dwindling FX reserves and soaring cost of insuring debt against default. A currency crisis could be around the corner.
Growth lost momentum from March, but hike in foreign currency loans prompted central bank warning.
The Central Bank of Turkey kept its policy rate flat at the May meeting and concluded that the current rate is adequate to support the recovery from February's earthquakes. It did not offer any signals about a policy change ahead.
Grand coalitions between rivals are one symptom of the radically changed political landscape of the last decade.
As lira trades just below 20/$ in the interbank market, rate at the Istanbul Grand Bazaar hovers in the 21s.
Last year, the ‘Knot’, the highly rated American wedding magazine, asked 12,000 newly wed couples whether they had chosen a natural or a lab-grown diamond for their engagement ring? A third went for industrial stones.
Democratic governance deteriorates in Emerging Europe and Central Asia, with worst declines in already authoritarian regions.
Russian Prime Minister Mikhail Mishustin travelled to Beijing for a Sino-Russian trade forum to boost rapidly developing economic ties on May 24.
Retail sector set to enter a protracted recession, driven by inflation eating into Poles’ real incomes and the exorbitant cost of mortgage repayments due to high interest rates.
e-export nation platform to help SMEs export their products to more than 190 countries.
The MNB's monetary council cut the O/N rate by 100bp to 17% but left the base rate on hold at 13%
Consumers skewered by rampant inflation thought to be running at around 60%.
Central bank governor says remittances rebounded to €2.4bn in 2022 after a dip during the pandemic.
With little expectation strongman Erdogan will be toppled in May 28 run-off vote, markets guard against economic calamity.
It is high time to scrutinise the sustainability of Romania’s foreign debt, which has reached over €154bn and close to 60% of the country’s GDP.
Construction activity measured by the construction works index in Romania increased by 12.7% y/y in Q1.
Kenya’s sovereign bond index at the distressed 1,000 basis point spread over US treasuries enjoyed a brief reprieve from unrelenting gloom, as IMF managing director Kristalina Georgieva declared it an innocent bystander in sub-Sahara default panic.
Inflationary pressures are easing in the wake of the economic slowdown.