Services

COUNTRY INSIGHTS

Nord Stream 2 faces legal setback
RUSSIA / FSU POLITICS · In Brief · 26 Aug 2021

On August 25 a German court held that the pipeline must comply with the EU's Gas Directive. This might require the company that operates the pipeline - a Swiss registered entity called Nord Stream 2 AG - to sell half of its capacity to third parties. Gazprom will still own the pipeline but not op...

“Common prosperity” recognizes that the underlying problem is the distribution of income
CHINA FINANCIAL · Report · 26 Aug 2021 · 3 responses

Special points to highlight in this issue: * “Common prosperity” is Beijing’s new buzz phrase. It is already being applied to so many policy announcements that it is hard to grasp its meaning and to differentiate it from previous buzz phrases like “rebalancing” and “dual circulation”. * I...

Essential CIS Politics: August 2021
RUSSIA / FSU POLITICS · Report · 26 Aug 2021

* The Taliban's taking Afghanistan has worried the former USSR and led to more Russian troops' going to Central Asia. * Russia’s economy is growing steadily, although inflation is still a problem. * Russia and China held joint military exercises as Russia unveiled new weapons systems. ...

Pacheco rejects Bolsonaro's impeachment request against Minister Moraes, the STF resumes trial of the ADI against the autonomy of the Central Bank, and the energy crisis continues
BRAZIL POLITICS · Report · 26 Aug 2021

It is uncertain whether Bolsonaro will submit another impeachment request against Minister Barroso. Minister Lewandowski voted against the constitutionality of the law that provides for the autonomy of the Central Bank, and Minister Barroso voted in favor. Minister Nunes Marques will be the first...

​Russian industrial growth seemingly losing steam
RUSSIA ECONOMICS · In Brief · 26 Aug 2021

Rosstat reported that the industrial output was up by 4.4% y-o-y in 7M21, while the same 4.4% y-o-y growth was reported for 1H21 a month ago. In July alone, the industrial output was up by 6.8% y-o-y, while in May and June, this growth was double-digit. Strong base effects affected y-o-y statisti...

Delta has a rendezvous with Dr. No in Jamaica
JAMAICA / BAHAMAS · Report · 25 Aug 2021 · 2 responses

Jamaica probably has the world’s tightest fiscal policy on an effort basis. As Delta drives cases past previous COVID peaks, and Tropical Storm Grace grazes Jamaica, the question is whether this be sustained even by the country's very determined Finance Minister, Dr. Nigel Clarke.

Augusto Aras’s appointment was confirmed in the Senate yesterday, the STF will adjudicate the ADI against the law that provides for autonomy of the Central Bank, and Lira plans to vote on the income tax bill next week
BRAZIL POLITICS · Report · 25 Aug 2021

Senators asked Davi Alcolumbre to schedule the confirmation hearing for André Mendonça’s appointment to the STF but he did not respond. Only two votes have already been cast in the ADI in the STF. Minister Lewandowski voted in favor of the ADI and Minister Barroso voted against it. The government...

Russia gives USD 7 billion to pensioners and military personnel
RUSSIA / FSU POLITICS · In Brief · 24 Aug 2021

On August 24 Putin told deputies of the United Russia party that money should be paid to senior citizens and those serving in the armed forces. USD 135 will be paid to each pensioner and USD 200 to each person in the military regardless of rank. In September 2021 parliamentary elections will take...

The MNB appeared to really mean it today
HUNGARY · In Brief · 24 Aug 2021

The MNB made two important decisions at their August rate-setting meeting today, both in the direction of significant tightening:- They raised the base rate by another 30 bps to 1.5%, the same way as they also raised the interest rate corridor by the same amount, to 0.55-2.45%, and as they will r...

Delta variant interrupts economic performance
CHINA · Report · 24 Aug 2021

COVID’s Delta variant and extreme weather have been hitting the economy for the past month, but their effects will be temporary. Industrial output was up 6.4% y/y in July, and up 11.5% from July 2019, with an annualized growth rate of 5.6% y/y, down 1 ppts from Q2 2021. Investment was up 10.3% y/...

Governors have requested to meet with the leaders of the three branches of government, Augusto Aras’s confirmation hearings begin in the Senate’s CCJ, and Mendonça’s appointment to the STF faces resistance
BRAZIL POLITICS · Report · 24 Aug 2021

The governors of 24 states spoke out against the approval of the income tax bill. Arthur Lira would like to vote on the text this week but an agreement has not yet been reached. Pacheco says the bill is not well received in the Senate. The court-ordered payments proposal does not yet have a rappo...

Economics: Social deprivation climbs as income and healthcare access fall in latest survey
MEXICO · Report · 24 Aug 2021

The latest installment of the bi-annual National Household Income and Expenditure Survey (Enigh) based on a survey from the autumn of 2020, and the accompanying multidimensional reading of poverty from Coneval are especially significant as they depict not only the impact of the Covid-19 pandemic...

It’s encouraging
VENEZUELA · Report · 24 Aug 2021

It’s encouraging that, according to the Memorandum of Understanding signed by the Venezuelan government and the opposition Unity Platform on August 13 in Mexico City, the goal of the Norway-mediated talks will be to set down new rules of the political game consistent with the Constitution. Th...

Politics: Media and freedom of the press under assault from politicians and cartels
MEXICO · Report · 23 Aug 2021

When a leader of one of the most powerful drug cartels in Mexico posted in recent days a video threatening the main anchor of a national news service with death if she did not suspend her reporting on the group’s activities, it was just the latest terrifying episode in an extended history of mou...

Taliban victory leads to mixed feelings in Central Asia
RUSSIA / FSU POLITICS · In Brief · 23 Aug 2021

Russia has kept its embassy in Kabul open and flattered the Taliban effusively. There is schadenfreude in Moscow about the bedlam in Kabul. One politician bragged that soon pro-US Ukrainians will see the Americans abandon them.Moscow has striven to develop a working relationship with the Taliban....

Copyright 2025 GlobalSource Partners. All rights reserved.