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Costa Rican President Elect completes the economic cabinet
CENTRAL AMERICA · In Brief · 02 May 2022

Fernando Naranjo and Félix DelgadoPresident Elect appointed key members of the economic cabinetOn April 30th, President Elect Rodrigo Chaves informed about three important posts in his government: Minister of Finance and Economy and Central Bank President.The Minister of Finance will by Nogui Aco...

The third way in crisis and other weekly topics
BRAZIL POLITICS · Report · 02 May 2022

The União Brasil may decide whether it will leave the third-way alliance. On May 7, former President Lula is expected to launch his candidacy for the Planalto Palace. In the House, deputies will try to vote on the national nursing salary floor. In the Senate, the Auxílio Brasil provisional measur...

Ukraine blowing up facilities in Russia
RUSSIA / FSU POLITICS · In Brief · 02 May 2022

On May 2 there were two large explosions in the Belgorod Region adjacent to Ukraine. Flashes in the sky preceded the explosions, suggesting it was missile strikes. The governor of the region announced the explosions. He claimed there were no injuries or damage. Why did he even announce the explos...

EU imports embargo against Russian oil coming; Hungary likely to cooperate
HUNGARY · In Brief · 02 May 2022

This morning, German ZDF television cited unnamed sources from around the EU Commission, saying that Hungary and Slovakia have withdrawn their intention to veto an EU embargo on oil imports from Russia. As a basic rule, the embargo, which is expected to come as early as this week, would aim at st...

A grim political outlook
VENEZUELA · Report · 02 May 2022

Because the Maduro government has not showed progress in displaying at-home capacity to investigate alleged crimes against human rights in Venezuela, the International Criminal Court is about to launch its own such investigation. So, things look dark for justice in Venezuela. And now recent desig...

The House may vote on the national nursing salary floor, the União Brasil party should decide whether it will remain in the third-way alliance, and former President Lula expected to officially launch his presidential candidacy on Saturday
BRAZIL POLITICS · Report · 02 May 2022

As an agreement has not been reached on the source of funding for the national nursing salary floor bill, the vote will most likely be postponed. If the matter is put to a vote, it will likely be approved — even without a source of funding. Currently, the trend is for the União Brasil party to le...

Is it game over? (4)
PHILIPPINES · In Brief · 02 May 2022

But for the casting of votes on Monday, May 9, the presidential and vice-presidential elections appear to be over. PulseAsia today released its survey of voter preferences conducted from April 16-21. The results were largely unchanged compared with last month. In the race for the presidency, Mr. ...

Bond issuance will likely continue to decline
ISRAEL · Report · 02 May 2022 · 1 response

1. Government bond issuance declined in May, a trend that is likely to continue in the remainder of the year. 2. Economic indicators have been generally positive, including a tightening labor market, supportive of steady monetary tightening. 3. We expect high inflation in April (0.9% ...

Bond issuance will likely continue to decline
ISRAEL · In Brief · 01 May 2022

Positive fiscal numbers have supported lower bond issuance In May, the MoF will issue 3.5bn ILS in tradeable bonds, reduced from 4.5bn in January. This bond reduction is due to surprisingly robust fiscal numbers in Q122, with initial numbers for April pointing to a similar trend. The fiscal defic...

Putin aides indicate escalation
RUSSIA / FSU POLITICS · In Brief · 01 May 2022

On April 28 Putin said there would be a lightning fast strike against any country that intervened to fight for Ukraine.One of the most powerful men in Russia, Nikolai Patrushev is secretary of the Security Council. He is from St Petersburg, like Putin, and is almost the same age. One April 29 he ...

Kazakhstan stripping Nazarbayev of his title
RUSSIA / FSU POLITICS · In Brief · 30 Apr 2022

The Kazakh Parliament is debating stripping the former president of his title ''Leader of the Nation'', which he was supposed to hold for life. Nazarbayev has been effectively sidelined since the deadly riots in January 2022. As Leader of the Nation he and his family could not be prosecuted. Any ...

Georgian mineral water suspends activity
RUSSIA / FSU POLITICS · In Brief · 30 Apr 2022

On April 29 Borjomi said it would not be producing water for the foreseeable future. It is one of the most popular brands in the former USSR. Borjomi said its problems are due to the Ukraine War. Russia has less money to spend on products and there are difficulties with paying due to sanctions.Bo...

​Another spike in trade
INDONESIA · Report · 29 Apr 2022

The Indonesian economy has been blessed by the spike in commodity prices. The spike in commodity prices has boosted the export value of various commodities, especially coal, CPO and iron and steel. Export performance in Indonesia broke a new record, achieving $26.5 billion in March 2022. At the s...

GULF WEEKLY: Erdogan visits Saudi, Sharjah on Negative outlook, Oman plans privatizations
GULF COUNTRIES · Report · 29 Apr 2022

​A skimmable summary overlaid with our analysis and links. Headlines: * Moody’s restored stable outlooks to Gulf banking sectors due to improved operating conditions. * Saudi Arabia ordered 50k+ Lucid EVs, and colorful details emerge of its 2018 talks with Tesla. * Erdogan visited Saudi Arabia...

Armenia and Azerbaijan agree on border commission
RUSSIA / FSU POLITICS · In Brief · 29 Apr 2022

On April 25 the foreign ministers of the two countries agreed on the structure of the commission that will draw their border. Russia has a special envoy shuttling between Yerevan and Baku to mediate the agreement.Azerbaijan wants mutual territorial recognition. Armenia's Prime Minister hinted he ...

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