Russia’s falling interest rates have fundamentally changed the way the average Russian thinks about their life savings. Following the years of hyperinflation during the 90s the interest rate sensitive Russians have traditionally sought out banks that pay the highest deposit rates in an effort to a
Turkey and Ukraine have been having a hard time of it this year and the worst maybe yet to come – both countries are facing potential crises. Turkey has been suffering from a currency meltdown that has seen the value of the lira tumble forcing the reluctant central bank to put in two emergency
In November last year bne ran a cover story CEE Booms as the countries, especially in Central Europe came into their own. However, the boom seems to have peaked as the same countries start running into structural limits. Labour markets across the region are drum tight. Wages are rising rapidly.
Last year Russia smashed all records bringing in 134mn tonnes of grain and earned a whopping $20bn from exports – more than it gets from selling arms abroad. Russia is now the biggest exporter of grain in the world and it is only getting started. Ukraine is also seeing a revival of its ag
Russian president Vladimir Putin made a lot of big promises in his State of the Nation speech on March 1, but how realistic are they? In the second part of a two part series bne IntelliNews editor-in-chief Ben Aris talks to BCS Global Markets chief economist Vladimir Tikhomirov to discuss these i
Russian president Vladimir Putin made a lot of big promises in his State of the Nation speech on March 4, but how realistic are they? And how will the Russian government pay for everything? bne IntelliNews editor-in-chief Ben Aris sat down with BCS Global Markets chief economist Vladimir Tikhomirov
Russia went to the polls on March 18 to elect a new president. There was never any doubt over who they would choose. President Vladimir Putin was a shoo-in to be re-elected for a forth term in office. Is that a good thing or bad? bne editor-in-chief Ben Aris sat down with Tom Blackwell, fou
On March 1 Russian president Vladimir Putin delivered what was maybe the most aggressive speech of his career. Irked by the broken promises by Nato not to expand eastwards and fed up with being ignored, he spent the second half of his speech showcasing Russia’s new generation of nuclear missiles,
Tinkoff Bank is Russia's only purely online bank and one of the largest online banks in the world. A relatively new entry into the sector it has built up an entire business from a single credit card offering to today's range of services. Now the bank wants to build a super app that changes the meani