Russia: a shifting monetary policy and an elusive inflation target
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Russia: a shifting monetary policy and an elusive inflation target

This year could be remembered as yet another when the Central Bank of Russia (CBR) failed to prove to the business community that it is ready to support the country’s growth agenda and bring inflation under control. As Russia’s economic destiny filters down to a question of confidence and geopolitical risk, could inflation targeting be … Continue reading

Another Nail in the Coffin of the Bulgarian Economy
Analysis

Another Nail in the Coffin of the Bulgarian Economy

With anti-government protests continuing for more than 60 days, there is a limited chance that the political crisis will be resolved before the beginning of the new political season in September. Nikolay Manov explains why politicians are sleepwalking towards a new foreign debt. The current Bulgarian government, a Cabinet of ‘experts’ backed by the Bulgarian … Continue reading

The Vostok Report
News Summary

The Vostok Report

The news to 11 August 2013. President Obama on Wednesday cancelled next month’s Moscow summit meeting, ending for now his signature effort to transform Russian-American relations and potentially dooming his aspirations for further nuclear arms cuts before leaving office. The immediate cause was Russia’s decision to grant temporary asylum to Edward J. Snowden, the former … Continue reading

What does Putin’s latest Central Banker mean for Russia’s economy?
Analysis

What does Putin’s latest Central Banker mean for Russia’s economy?

Sergei Ignatiev, Russia’s current central banker, will end his third mandate on 24 June this year, after 11 years as the head of the Bank of Russia. Putin has found a replacement for Ignatiev by appointing, in March, Elvira Nabiullina, Putin’s close ally and economic advisor. This nomination seems to hide Putin’s intentions to directly … Continue reading

Latvia: a country refusing to look at the other side of the coin
Analysis

Latvia: a country refusing to look at the other side of the coin

On Monday, 4 March 2013, the government of Latvia formally requested permission to begin the process of joining the Euro. Brussels doesn’t seem so keen. Maria Eugenia Filmanovic investigates. Like many European Union member states, Latvia suffered dreadfully from 2008 global financial crisis. In 2008, its economy contracted by more than 20 percent due to … Continue reading