How a dispute over language reflects cultural and political divisions in a country squeezed between Russia and Western Europe.
Russian state spending significantly accelerated in January, fulfilling the unusually high proportion of annual spending plan for that month as the government plays catch up with the national projects
Corruption is a serious problem throughout emerging Europe, but there are questions about whether the focus on perceptions of corruption is the best way to evaluate the effectiveness of a country’s anti-corruption efforts.
Annual GDP data implies that growth slowed in the final quarter of last year to a modest 3% year-on-year vs 3.9% in the third quarter. ING’s 3% y/y growth forecast for 2020 is at risk for a downgrade.
Things are happening in Russia – with change signalled both in the political and the economic policy settings. Russia's fiscal fortress is strong enough to make it impervious to sanctions, so time to focus on growth
Arrival of Georgia’s TBC Bank on local market may incentivise local banks to digitise, provide good customer service and eliminate bottlenecks.
It is now over a year since the Romanian government, in December 2018, unexpectedly introduced draconian taxes across different sectors, which sent equities into a spin. Yet it finished the year with a 39% return on equities.
Even though overall industrial production growth softened in 2019, some investment-driven sectors outperformed, including those focused on agriculture, oil downstream, chemicals, construction and transportation.