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Investment into new shopping centres is going strong in the smaller markets of the Western Balkans and outside the main cities in Southeast Europe's EU members where demand for new modern retail space is high.
The Western Balkan countries are following the path established by Central Europe that emerged as a prominent manufacturing and services hub early in the transition period.
Russia’s Insight Investment Group has purchased a leasing company from the German engineering giant Siemens and is considering buying more lessors and fintech firms as the M&A tsunami unleashed by the Western sanctions on Russia continues.
While McDonald's in Belarus was initially planned to be replaced by its successor in Russia, Vkusno i tochka, officials in Minsk have likely ensured that the Russian investor has been kept out.
Western investors are under heavy pressure in Belarus and many wish to leave the country. However, foreign telecom companies in Belarus appear to be planning long-term expansion.
Three major fires broke out in Moscow on December 10, raising suspicions of arson attacks by Ukrainian saboteurs.
Foreign investors are coming under increasing pressure to divest from Belarus due to the regime’s human rights abuses, and Belarusian strongman Alexander Lukashenko is helping to speed up the process.
The extreme sanctions imposed on Russia after the invasion of Ukraine have thrown Russian business into chaos. In the space of a week products and inputs that are essential for production simply stopped arriving even if they were not sanctioned.
Putin’s war is fundamentally changing the make-up of the world – for the worse. While it is tempting to say the Cold War is back, that is inaccurate: back then two ideologies, communism and capitalism, clashed. Today even Russia is capitalist.
Russia’s industrial output fell 1.8% in June y/y, following a 1.7% decline in the previous month but less than market forecasts of a 5.3% contraction, RosStat reported on July 27.
Less than 5% of German companies have decided to leave the Russian market as a result of the war, as other foreign brands quit Russia en masse.
The Ukrainian War is no laughing matter, but the Russians are doing their level best to make it funny. Coverage of the war is extensive, but observers have overlooked the comedy inadvertently provided by the Kremlin.
Swedish furniture major IKEA will scale down its business in Russia, lay off some employees, sell off inventory, and will start looking for buyers for its four Russian plants.
Sberbank, Russia’s largest lender, is facing a meltdown from the collapse in its commercial real estate loan book, which is estimated at RUB1.8 trillion ($28bn).
After two devastating earthquakes, it will take years for some of Zagreb’s large and historically significant museums to reopen.
President Aleksandar Vucic and the ruling SNS to be put to the test in election year.
Ukraine’s economy bounced back strongly in 2021 following a deep recession in 2020 caused by the coronavirus, but low investment, the slow progress with reform and the high geopolitical tensions with Russia have stymied growth.
High demand for wood for the booming global furniture market, poverty, persistent corruption and huge areas of sparsely populated forest land combine to create the conditions for illegal logging in Emerging Europe.
myToys, an online retailer of children’s goods owned by Otto Group, ceased its activity earlier this month in Russia after more than 10 years of operations.