Russian banks finish 2019 with clear profits and steady growth

Ben Aris in Berlin January 29, 2020

The crisis that Russian banks suffered in 2014-2016 is well and truly over as the sector had its second full year of clear profits in 2019, the Central Bank of Russia (CBR) reported on January 28.

Real disposable income in Russia up by 0.8% in 2019, more hoped for 2020

bne IntelliNews January 29, 2020

Real disposable incomes in Russia increased by 0.8% in 2019, the growth accelerating from 0.1% seen in 2018 and beating the expectations of 0.1% of the Ministry of Economic Development, the latest data released by RosStat statistics agency shows.

Foreign investors bring $1bn to Russia in 2020

bne IntelliNews January 27, 2020

Since the beginning of 2020 foreign investors have brought over $1bn into Russian funds,

75th anniversary of Auschwitz liberation marked in Poland

Wojciech Kosc in Warsaw January 27, 2020

The 7anniversary of the liberation of the Nazi death camp in Auschwitz gathered survivors and politicians at an event overshadowed by politics – global and national.

IIF Green Weekly Insight: The Roaring Twenties

The Institute of International Finance (IIF) January 27, 2020

Global demand for electricity is projected to surge over 20% this decade. Power generation accounts for 40% of emissions and Emerging markets, notably China and India, will account for over 85% of rising demand in the next ten years.

Who's who in the new Russian government

Ben Aris in Berlin January 25, 2020

On January 21 Russian President Vladimir Putin approved the personnel of the new government of Mikhail Mishustin. There are many new figures, including six new deputy prime ministers and eight ministers that did not work in Dmitry Medvedev’s governme

Russia’s RTS spring rally pauses as investors take profits

bne IntelliNews January 24, 2020

With no new money flowing into ETFs, Russia’s spring rally paused this week as investors took profits following a strong start to the year.

ING: Russian industry hoping for a better 2020

Dmitry Dolgin chief economist Russia at ING in Moscow January 24, 2020

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.

Russia’s industrial output grew 2.1% on the year in 2019 and 8.9% on the month in December

bne IntelliNews January 24, 2020

Russia’s industrial output grew 2.1% on the year and 8.9% on the month in December after rising 0.3% on the year in November

Russia's Watcom shopping index ends 2019 on five-year high as consumption recovers

Ben Aris in Berlin January 23, 2020

The Watcom shopping index finished 2019 on a high note, putting in its best result in five years after under-performing for almost the whole year.

Russian Aeroflot carrier taking off for stellar 2020

bne IntelliNews January 23, 2020

Analysts are increasingly keen on the stocks of Russian national air carrier Aeroflot after it had a terrible 2019.

Russia’s gross international reserves reach $557.5bn, surpass pre-crisis peak

bne IntelliNews January 22, 2020

Russia’s gross international reserves (GIR) topped $557.5bn on January 10, according to the Central Bank of Russia (CBR), surpassing the previous all-time high in 2008.

Slovenia ranks first in emerging Europe in social mobility

bne IntelliNews January 21, 2020

Most economies are failing to provide the conditions in which their citizens can thrive, said the World Economic Forum on releasing its new social mobility index.

East Asian investors ramp up investments in Central and Eastern Europe

Clare Nuttall in Glasgow January 21, 2020

China became the top investor in CEE in 2019, leading fellow East Asian investors that accounted for a growing share of M&A in the region. More deals are expected to follow, says a new report from law firm CMS.

Russia’s RTS spring rally gets boost from new government

Ben Aris in Berlin January 21, 2020

The spring rally that got under way at the start of the new year has received a boost from Russian President Vladimir Putin's proposed constitutional changes and the appointment of a new government, as both the RTS and Moex Russia index hit new highs

ING THINK: Russia tempted to ease fiscal rule and spend more

Dmitry Dolgin chief economist Russia at ING in Moscow January 21, 2020

Russia entered 2020 with a spending backlog of around 1% of GDP, which the new cabinet may now start unwinding. With the budget breakeven oil price below $50/bbl there is some space to increase spending.

ING: Russian balance of payments calls for caution over RUB

Dmitry Dolgin chief economist Russia at ING in Moscow January 20, 2020

Balance of payments for 4Q19 suggests weakness in the current account and tells us that as much as $25bn of net portfolio inflows into local currency state bonds (OFZ) may be needed in 2020 in order to avoid ruble depreciation.

Berlin summit agrees attempt to stabilise Libya truce but oil blockade overshadows progress

bne IntelliNews January 20, 2020

Foreign powers agreed at a summit in Berlin on January 19 to try to solidify the unstable truce in Libya between the internationally recognised government, which is backed by Turkey, and the self-styled Libyan National Army (LNA) forces of warlord Kh

Iran was spooked by US stealth fighter reports when it shot down airliner says Lavrov

bne IntelliNews January 17, 2020

Russian foreign minister says at least six American F-35 aircraft flying in Iranian border area at time Tehran was expecting response to missile strikes on Iraq bases.