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Foreign companies that want to exit Russia will have to pay 5%-10% of their value to the state budget as a form of “exit tax,” said MinFin, as the share of foreigner holding of federal treasury bonds has fallen by over RUB1 trillion.
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.
Fugitive crypto-king Do Kwon, co-founder of Terraform Labs, on March 23, has been charged in the US for causing the loss of more than $40bn.
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.
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.
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.
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.
Romania’s fiscal policy continues to consolidate and borrowing needs are at a record high due to the heavy maturity calendar. However, net issuance of ROMGBs is almost the same as last year. Romania is the region's leader with 44% of planned bonds.
Georgia's leading bank is expanding its international operations and investing in cutting-edge banking technologies.
Ahead of elections, Erdogan administration appears to be caving to some Western sanctions enforcement demands, perhaps fearing action that could hurt the Turkish economy prior to polling day.
Russian GDP contracted by 2.1% last year. For the current year, we expect an economic decline of similar magnitude.
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.
As economic and political pressure on Serbia to join Western sanctions on Russia grow, Serbian Economy Minister Rade Basta took the unexpected step of calling for Belgrade to impose sanctions.
Vienna is giving the impression that it is struggling to decouple its interests from Russia, if not actively avoiding doing so.
Iranian Oil Minister Javad Owji said at the weekend that crude oil and gas condensates would be sold to foreign customers on the Iran Energy Exchange (IRENEX). They would be available to domestic buyers at the same price during a particular period.
Belarusia's president signed agreements that could result in benefits worth $100m during his visit as top diplomats and presidents on both sides of the Ukraine war divide continue to tour world to shore up support.
Alfa Bank is a doyen of the Russian banking sector, a well spring of trained talent in the 1990s that did “real” banking business at a time when most oligarchs’ banks were either “bank-like” institutions or glorified treasury operators.
The Kremlin-backing head of state, who left office this week, is widely seen as without question the worst Czech president since the restoration of democracy in 1989.