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Russian investment bank BCS has upgraded the Russian equity market to a “buy” with a 45% upside for 2023, the bank said in a note on March 27.
Hungary is the only EU country where Rosatom is still involved in building a nuclear power plant, as it has been excluded from projects in Czechia, Bulgaria, and Finland after the invasion of Ukraine.
Banks face a “high level of uncertainty” over the still unresolved legal risks concerning their foreign currency-denominated mortgage portfolio.
Russia’s federal budget deficit for the first ten days of March has already exceeded the planned RUB2.9bn for the entire year of 2023, Russian Prime Minister Mikhail Mishustin admitted on March 24.
Russia’s Economic Development Ministry upgrades its economic growth forecast for 2023 from a fall of 0.8% to some small growth of between 0.1% and 0.2%, Minister Maxim Reshetnikov said March 24.
The state-owned Russia Railways (RZD) is pushing the construction of a new bridge over the Amur River that will cut some 2,000 km off an overland rail link connecting Beijing and Moscow as Russia continues to seek new unsanctionable trade routes.
Romania’s GDP per capita soars to 77% of EU average, up from just 57% in 2012.
The timing of arms supplies to Ukraine is crucial now that military experts argue that the right moment to launch an offensive against the invading Russian forces is just weeks away.
Inflation in Belarus has fallen, but that has less to do with central bank policy and more to do with the fact that the government has fixed prices.
Decades on from Russia’s wild 1990s, the country’s cultural landscape continues to be largely shaped by the enduring influence of the giants that hogged the limelight in the shadow of the former Soviet Union.
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.
Belarus President Alexander Lukashenko has ramped up his brutal repression with a series of raids on opposition leaders and politically motivated jailings that has led the UN to accuse his regime of “crimes against humanity.”
Kazakh traders have been helping fill Russian demand for high-tech consumer goods and other items hard to obtain under Western sanctions.
Chinese President Xi Jinping took his leave of Russian President Vladimir Putin from a two-day visit to Moscow with a smile on his face. But despite the important show of solidarity, Putin got little in concrete terms from the Chinese leader.
Despite mass demonstrations in Georgia against the seemingly pro-Russian “foreign agents” law in March and growing Russian trade turnover following the start of the war in Ukraine, the government in Tbilisi remains dedicated to joining the EU.
The Georgian economy has bounced back fast from the series of sharp shocks of recent years, and rather than being dragged down by the polycrisis that has been unfolding.
Ukraine has secured a staff-level agreement with the International Monetary Fund (IMF) for a 48-month $15.6bn Extended Fund Facility (EFF) arrangement, the government said on March 22.
Budapest claims that the move "hurts the cherished unity of Nato".
Putin took time out from meetings with Chinese President Xi Jinping who had just arrived in Moscow for a three-day state visit to speak to lawmakers from more than 40 African countries and woo them with generous promises of economic and military aid