With most COVID-19-related support measures having been phased out, borrowers are now being put under pressure by surging inflation and sharply rising interest rates.
In September the company announced it had completed the sale of Home Credit’s Russian branch and its subsidiaries to Russian-based investors as part of the “process of divesting all Russian assets”.
The global inflation crisis paired with lacklustre economic growth and an outlook clouded by uncertainties have led to a decline in real wages around the world, a new report published by the International Labour Organization (ILO) has found.
Former university rector has tweeted that she does not wish to discuss her rivals' (controversial) pasts, "but our future".
Foreign investment will continue to have a vital role to play in the region’s development, particularly now that international companies are rethinking their supply chains.
Global investment in energy efficiency could rise by 16% to $560bn in 2022, the International Energy Agency said, as governments and consumers respond to fuel supply disruptions and record-high energy prices.
A final decision – formal approval – on the new regulation may occur at another emergency meeting on December 13.
Twelve out of the 21 candidates who registered for the presidential election by the November 8 deadline were dismissed after the interior ministry reviewed the registrations, leaving all the businessmen heavyweights out of the race.
Japan's MUFG to pay $615mn for Philippines and Indonesian businesses of PPF's consumer finance brand.
Government's belated proposal leaves out protection for anonymous whistleblowing or for whistleblowing of non-criminal transgressions.
Hungarian premier Viktor Orban reiterated Hungary’s opposition to the EU’s efforts to raise cash for Ukraine on financial markets, and says its parliament will ratify Sweden and Finland's Nato membership in 'a month and something'.
Euro sustainable bond issuance in 2023 is not likely to repeat the growth rates seen in the last few years. While governments and agencies could slightly accelerate ESG issuance in 2023, financial institutions' ESG bond supply will lose some steam.
The contraction in Ukraine’s GDP will be among the worst 10-20% of those in conflicts in the last 200 years, the development bank predicts in its 2022/23 Transition Report.
Development bank recommends countries should now gradually dial down help to vulnerable companies, so they can either learn to adapt to the new climate of higher interest rates or exit the market by going into insolvency.
Contrasting stances demonstrate differences within Czechia on how to respond to Budapest's collaboration with Moscow.
Fund managers surveyed by Bain & Company point to region’s strong macroeconomic fundamentals and catch-up potential.
Instant storm of reaction after two Russian missiles were reported to have gone off course over Ukraine and hit a Polish village, killing two people. It was later reported that they were in fact Ukrainian missiles.
Prices are important economic signals. High prices – whether for energy foodstuffs, etc., are signals to the world to (a) supply more; (b) substitute; or (c) conserve. But how do you bring inflation down?
The European Parliament has approved temporary emergency regulations to accelerate the deployment of renewable energy across the EU, but gas investment is still allowed
Ruling parties are turning state broadcasters into propaganda mouthpieces, spreading disinformation, and using friendly private or state-owned companies to build sycophantic media empires.