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Ukraine’s IT industry has remained remarkably stable in the face of Russia’s full-scale invasion. While many leading sectors in Ukraine have suffered significant losses, IT saw a growth in exports helped by an impressive response from businesses.
Russia showed a 4.6% year-on-year increase in capital investment spending in 2022, according to the latest report from RosStat statistics agency. An analysis by Kommersant daily suggests that ...
Resource found in Hamedan could be first of several finds in province.
Russia’s sanctioned Uzbek-born metals tycoon Alisher Usmanov is worth an estimated $19bn and made his money in Russia. But these days he spends most of his time in his native country helping with reforms.
Move might enable gold and silver miner to carve out its Russian business.
Ukraine’s lengthy and expensive reconstruction process could be a beacon to the rest of the world about the “power of capitalism,” said Larry Fink, CEO of investment company BlackRock at the Ukrainian Breakfast discussion in Davos.
The downward trend is the result of low value-added activities outsourced by foreign industrial groups combined with the lowest innovation in Europe among local enterprises.
Industrial production in Romania contracted by 2.6% y/y in January-October and the government’s forecasting body expects only a marginal recovery in 2023.
In December the EU commissioned a secret report to assess just how badly the war in Ukraine, and the polycrisis it is fuelling, is hurting Europe’s economy. Good news: Europe is doing OK; bad news: so is Russia.
The National Bank of Ukraine will keep the key policy rate unchanged at 25% per annum, the bank stated in a report on December 8.
Government plans to transform state miner Erdenes Mongol into SWF tasked with wisely investing coal, copper, gold and other earnings.
The US is considering blocking Russian aluminium imports, Reuters and Bloomberg reported citing unnamed sources close to the administration of President Joe Biden.
Dozens of plants across a diverse range of industries such as steel, aluminium, fertilisers and the power industry have been forced to close up shop as sky-high gas and power prices make their businesses lossmaking.
Russia’s invasion of Ukraine has devastated the country, causing billions of dollars worth of damage to infrastructure, houses and industry. Kyiv and its international allies have discussed a “Marshall Plan” for Ukraine at several key events.
As the invasion of Ukraine grinds past the half-year mark, Russian policymakers have finally begun to reckon with the scale of the economic crisis on their hands. Sanctions and a slowdown have already led to a RUB900bn deficit.
The United States is to send Ukraine financial assistance totalling $5.5bn. This includes $4.5bn for urgent budgetary needs and $1bn in military support.
Russia’s economy seems to be doing a lot better than was expected. The International Monetary Fund recently improved its growth outlook for this year.
Saodat Narzieva, the sister of Uzbek-born oligarch Alisher Usmanov, was placed on the EU sanctions list on April 8. An investigation by the Organized Crime and Corruption Reporting Project (OCCRP) linked her to a number of his bank accounts.
After February 24, when the first Russian tanks rolled into Ukraine, looking at a map of Europe is no longer what it used to be.