Russia’s venture capital market is booming, fuelled by a run of billion dollar IPOs

Ben Aris in Berlin November 7, 2021

Russia’s venture capital market is booming as entrepreneurs and business hope to cash in on the international appetite for the rapidly expanding tech sector.

The hoovers of Nukus

Ben Aris in Nukus November 6, 2021

Nukus in Uzbekistan's far west used to be an ecological disaster zone, but the worst of its problems are fixed. The country's leading white goods manufacturer Artel has set up a flourishing hoover production facility in the desert town.

Russian value retailers surf inflationary wave

Theo Normanton in Moscow November 5, 2021

Russian value retailers are set to benefit from a combination of shifting behavioural trends, spending patterns driven by economic pressures, and a set of competitive advantages which will come to the fore as inflation shakes up the market.

The ins and outs of Nord Stream 2's certification

bne IntelliNews November 5, 2021

Exactly when Nord Stream 2 will be up and running is still unclear, but there are three main scenarios outlined in the following analysis.

Kazakh food exports to China plummet

Almaz Kumenov for Eurasianet November 5, 2021

Kazakh exporters say China is pushing them aside, interested in a transit corridor but not a supplier.

Uzbekistan privatises its entire cotton sector in its most radical reform yet

Ben Aris in Tashkent November 5, 2021

In the most radical of all reforms made since Uzbek President Shavkat Mirziyoyev took over in 2016, the entire cotton sector has been privatised and production of this vital crop is now entirely owned by private companies.

Uzbekistan rising

Ben Aris in Tashkent November 5, 2021

Uzbekistan’s economy is taking off. President Shavkat Mirziyoyev took over five years ago and launched a radical reform programme, which are now bearing fruit. The economy is flourishing.

The smokey mountain city rising

James C. Pearce November 4, 2021

Yekaterinburg is on the up as climate change creeps in.

Tajik labour migration to Russia hits historic high, officially

Kamila Ibragimova for Eurasianet November 4, 2021

More than a fifth of Tajikistan’s total population has entered Russia so far this year.

INTERVIEW: Vyacheslav Fetisov, Russian ice hockey legend and UN Goodwill Ambassador

bne IntelIiNews November 4, 2021

As world leaders prepare to leave the COP26 UN climate change conference in Glasgow, Vyacheslav Fetisov, a two-time Olympic gold medalist in Ice Hockey and committed environmentalist, talks about Russia's plans

Lithuanian company Run Engineering accused of busting EU sanctions, to sue its Russian partner

bne IntelliNews November 2, 2021

A few months ago, Europe was hit by yet another scandal when the Lithuanian subsidiary of a Cypriot holding, Run Engineering, was accused of exporting dual use goods to Crimea, breaching EU sanctions on trade with the peninsula.

Kazakhstan: Boys in skirts blame Nazarbayev school suicide on conservative staff

Almaz Kumenov for Eurasianet November 2, 2021

The protests have spread to several of the prestigious schools around the country.

Uzmetkombinat – one of Uzbekistan’s blue-chip companies

Scott Osheroff of AFC Capital in Tashkent November 1, 2021

Uzmetkombinat is one of Uzbekistan's biggest metallurgical companies and with demand soaring the company is investing €600mn into an expansion.

North Macedonia’s biggest mall opens in Skopje

Valentina Dimitrievska in Skopje November 1, 2021

North Macedonia's retail sector has bounced back from the coronacrisis and demand for modern retail space is strong.

Turkey now Ukraine’s top foreign investor, with already booming free trade set to grow further

Cameron Jones in Kyiv November 1, 2021

Ukraine’s trade volume with Turkey can double to $10bn per year if the details on a long-awaited free trade deal are straightened out after years of negotiations.

Rising coronavirus cases don’t keep autumn sun-seekers away from Croatia

Clare Nuttall in Split Croatia October 30, 2021

Tourist numbers rebounded close to pre-pandemic levels this summer, and remained strong during the early autumn.

Event | Russia looks to Taliban to contain Islamic State in Afghanistan

Eurasianet October 28, 2021

Moscow seems willing to tolerate Taliban rights abuses, if the movement can get the job done.

Businessman’s detention puts spotlight on conditions in North Macedonia’s prisons

Valentina Dimitrievska in Skopje October 28, 2021

Jordan “Orce” Kamcev was kept in a damp, mouldy cell with no proper sanitation while awaiting trial.

Mysterious owner behind eSports champions Team Spirit

Theo Normanton in Moscow October 26, 2021

Russia’s Team Spirit has triumphantly lifted the Aegis of Champions. The team of five youngsters – the oldest of them only 23 years of age – has won $18.2mn, the biggest prize in eSports.

Lithuanian hemp growers seek new (legal) high

Linas Jegelevicius in Vilnius October 25, 2021

After ranking second in the EU two years ago, production has now sunk back amid rising costs and legislative hurdles.