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Eurasia
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Turkmenistan edges ahead of Russia in China gas race
bne
Thu, 24th Nov --
Turkmenistan is set to boost gas deliveries to China, giving it the edge on the race to supply the energy-hungry giant, and putting more question marks over Russia's efforts to strike a deal.
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The poverty of nations
Ben Aris in Moscow
Wed, 30th Nov --
Comparing bne's Despair Index for western countries and those in CEE, the surprising result is that with poverty falling to near "normal" levels in the countries of Emerging Europe while rising in many developed markets, the index for several CEE countries has either already fallen below that of their developed peers or is about to do so.
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SURVEY: The dominant state of Russian banking
bne
Tue, 29th Nov --
Given the tumultuous change taking place in the global financial system, it's perhaps surprising how little appears to have changed in this year's bne Eurasian bank survey. Look closer, though, and big shifts are underway.
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Mongolia's rising stock
Oliver Belfitt-Nash in Ulaanbaatar
Wed, 23rd Nov --
The Mongolian Stock Exchange may have been the best performing stock market in the world in 2010, but issues of transparency and liquidity keep foreign investors at bay. But the arrival of the London Stock Exchange this year to help modernise and regulate the bourse promises a new dawn.
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Terror on the steppe
Clare Nuttall In Almaty
Mon, 21st Nov --
The scale of the terrorist attack in Taraz, Kazakhstan was unprecedented in a country that has maintained good relations between its many religious groups. However, recent months have seen an escalating series of bombings and shootouts in west Kazakhstan, leaving the entire country now on high alert.
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Georgia would say "no" to EU invite
Molly Corso in Tbilisi
Fri, 18th Nov --
The standing of the EU has dropped to such a degree that Georgian Prime Minister Nika Gilauri felt moved to state that his country would say "no thank you" to membership if Brussels invited the country in today.
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Stepping out
Ben Aris in Moscow
Wed, 23rd Nov --
Sometimes it pays to be isolated. Mongolia was hurt by the 2008 global crisis that swept the world, but while most major economies were crushed, Mongolia did no more than stub its toe. But its economy has been growing nicely now for several years as it finally gets hooked up to the rest of the world.
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Kazakhstan's bad apple in banking barrel
Clare Nuttall in Almaty
Tue, 29th Nov --
Kazakhstan€™s banking sector is in much better shape than three years ago and has proved remarkably resilient to the Eurozone crisis. The glaring exception is BTA Bank, whose latest results raise fears about the bank€™s future survival.
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Ukraine's banking disaster in the making
Ben Aris in Kyiv
Tue, 22nd Nov --
In 2005, Austria's Raiffeisen International started a gold rush with its purchase of leading Ukrainian bank Aval. Over the next 18 months, everyone who was anyone with Eastern European ambitions charged into the market, paying amounts of up to 6x book value for local banks. Married in haste, they now repent at leisure.
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The hunted become the hunters
Guy Norton in Zagreb
Thu, 24th Nov --
Given the topsy-turvy times we live in, it was inevitable there would be a reordering of the ranks in the financial services sector in CEE. The result is that Russia and other emerging markets are now as likely to be buyers of banks as sellers; or put another way, the one-time hunted are now the hunters.
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Turning on the TAPI
Clare Nuttall in Almaty
Tue, 15th Nov --
Turkmenistan and Pakistan yesterday signed a gas pricing agreement for the planned TAPI (Turkmenistan-Afghanistan-Pakistan-India) pipeline - an important step for the long-delayed project to slake southern Asia's energy thirst.
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UniCredit reassures CEE markets as it battens down the hatches
bne
Tue, 15th Nov --
Italian bank UniCredit insisted it will look to continue its leading role in Central and Eastern European markets as it confirmed on Monday reports that it is to seek a massive capital raising and is set to cut thousands of jobs and close its investment banking business as it retreats to a 'classic' banking model.
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