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Russia took over the chairmanship of the Eurasian Economic Union (EEU) at the start of this year and is looking to the trade club as one of the ways it can expand its trade after the Western world has increasingly cut ties due to sanctions.
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.
Every unhappy country is unhappy in its own way.
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.
Russia is drafting a bill that would allow individuals to privately mine gold, Vedomosti daily reported. There are already 247 placer gold miners registered in Russia each producing less than 30kg a year.
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 pace and scale of what has been done so far to combat climate change, and current plans, are insufficient to tackle the problem, said scientists in the latest Intergovernmental Panel on Climate Change (IPCC) report.
Landmark report urges nations to urgently start fixing water waste and start managing water as a common good with neighbours.
Czech power group, which is 70% state-owned, said it could issue a record dividend of up to CZK117 a share.
Fall deepens dramatically after a decline of 0.3% y/y the preceding month.
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
Russia and China will struggle for common policy on possible Russian soft underbelly Central Asia, Afghanistan, Mongolia, the vital Europe/Asia Caucasus crossroads, the Baltics, CEE and SEE.
Georgia's leading bank is expanding its international operations and investing in cutting-edge banking technologies.
Pandemic and Ukraine war impacts bring hardship that makes battle to subsist outside of the city a gruelling challenge.
From March, Russians struggling to make ends meet will be able to take “credit holidays” for mortgages, consumer loans and credit card bills.
Moldova is often painted as small, struggling and stuck between the East and West. Its tourism industry was no different, at least until 2020. It has since borne the brunt of three global crises and has the battle scars to show for it.
Capital Economics thinks that Czech GDP may fall slightly further over the first half of this year and expects only a slow recovery in the second half.
Pavel’s record election victory has widely been seen as a blow to the powerful populist trend in Central Europe, epitomised in the Czech Republic by Zeman and his ally, opposition leader Andrej Babis.
French President Emmanuel Macron is in Africa. US Secretary of State Antony Blinken has just been to Central Asia before visiting India, and Russian Foreign Minister Sergei Lavrov has just completed a tour of Africa, India and the Caucasus.