Services

NEWS FLASH

UPCOMING WEBINAR - CAUCASUS AND CENTRAL ASIA: ECONOMIC UPSWINGS AND POL...

Learn More

COUNTRY INSIGHTS

Russia political/pandemic update: Russia-West split to remain unreconcilable
RUSSIA ECONOMICS · Report · 06 Sep 2022

Sad news came on August 30, 2022, as thirty years after the collapse of the Soviet Union, its first and last president, Mikhail Gorbachev, passed away aged 91. His death looked symbolic amid this year’s developments in Russia as the country left behind its thirty-year period of some kind of partn...

Reading economics in chess
INDIA · Report · 06 Sep 2022

Indians have done well in chess for a long time. In September 2022, 11 of the top 50 teenagers were from India. This underlines the upper tail capabilities in India in the eyes of global decision makers. The rebranding of India was shaped by the comic strip Dilbert’s “Asok” character in the 19...

The cancellation of non-tradeable bonds should support tradeable assets
ISRAEL · Report · 06 Sep 2022

1. Last week, the shekel weakened by 3.1% against the basket, pushing up our inflation forecast to 2.7% (from 2.5%) in the next 12 months. 2. Non-tradeable bond issuance to pension funds will be cancelled as of October 1, supporting demand for alternative tradeable assets (especially equitie...

Chile's constitutional referendum: Boric's options.
CHILE · In Brief · 05 Sep 2022

With an historic turnout of 86%, Chileans overwhelmingly have rejected the draft proposed by the constitutional convention. This brings to a close the process initiated on 15 November 2019, when the political parties sought a way out of the violence and protest of the Social Explosion. But it doe...

A temporary respite thanks to softer food inflation
TURKEY · In Brief · 05 Sep 2022

Consumer prices rose by a lower than expected 1.5% in August (consensus, median: 2%), which, as far as our (slightly lower than median) forecast is concerned, owed a great deal to softer (unprocessed) food inflation in the month. Twelve-month CPI rate nevertheless rose slightly further to 80.2%, ...

Gas imports keep flowing into Hungary this morning
HUNGARY · In Brief · 05 Sep 2022

Now that Russia has decided to keep the Nordstream 1 gas pipeline to Germany closed despite earlier announcements, and European gas prices jumped by 25% this morning as a result, it seems important to note that gas imports keep flowing into Hungary from four directions - Serbia, Austria, Croatia ...

US and EU ambassadors leave Moscow
RUSSIA / FSU POLITICS · In Brief · 05 Sep 2022

On September 4 the two ambassadors departed, having finished their terms there. The US Ambassador has now retired. A US charge d'affaires will be running the embassy until a new ambassador is in post. Despite relations being their worst since the 1980s, the US has no intention of breaking off dip...

What a mess...
TURKEY · Report · 04 Sep 2022 · 2 responses

The process of unraveling in AKP picked up a notch, as ex-gladio and fugitive mafia leader Sedat Peker returned to the social media limelight with ground-breaking bribery revelations. Why the UAE permitted him to tweet again is a question with important political implications, which we cover in t...

The cancellation of non-tradeable bonds should support tradeable assets
ISRAEL · In Brief · 04 Sep 2022

Non-tradeable bond issuance will cease on the 1st of October. • Although this will require higher tradeable bond issuance (an additional 35bn annual) in order to meet fiscal financing requirements, the current positive fiscal situation (currently a surplus) will support low issuance. • Domestic d...

Gazprom cuts off gas to the EU indefinitely
RUSSIA / FSU POLITICS · In Brief · 03 Sep 2022

On September 2 the Russian state gas company said that the gas pipeline to Germany will not reopen on September 3. Gazprom claimed that the additional delay before reopening is due to oil leaks. The 3-day shutdown was due to a need to repair a turbine. On September 2 the Kremlin said that Nord St...

Chinese payments system cuts off Russian banks
RUSSIA / FSU POLITICS · In Brief · 02 Sep 2022

On September 2 the Russian news site RBC reported that UnionPay is no longer accepting Russian bank cards because UnionPay is worried about secondary sanctions. UnionPay has not made any official statement. Many Russians had obtained UnionPay cards after Visa and Mastercard left Russia. UnionPay ...

GULF WEEKLY: Bahrain’s fiscal deficit eased in 2021, Bahrain’s record Q2 current surplus, violence in Iraq & Libya threatens oil output
GULF COUNTRIES · Report · 02 Sep 2022

A skimmable summary overlaid with our analysis and links. Headlines: * Oil slipped on recession fears, despite potential production concerns, and an OPEC+ cut is not expected. * OPEC+ sharply revised its forecasts and now sees a 300k b/d supply deficit in 2023, particularly in Q4. * There were...

Playing LEGO with Colombian security
COLOMBIA · Report · 02 Sep 2022

A la Obama or Trump, Gustavo Petro initiated his presidency with apparent use of executive orders. They don’t even need to be written down -- just uttered into the presidential microphone, in any meeting, before any small population, at any time of day. In most instances, the new approach comes t...

Petrobras will reduce the price of gasoline today, a series of good economic indicators may improve Bolsonaro’s popularity, and demonstrations in support of Bolsonaro have been scheduled for next week
BRAZIL POLITICS · Report · 02 Sep 2022

Petrobras will reduce the price of a liter of gasoline at its refineries by 7%. As a result, the average price of gasoline for distributors will decline from R$ 3.53 to R$ 3.28 per liter. President Jair Bolsonaro said that if he needs to appoint an eighth president of Petrobras, he will. He said ...

Essential CIS Politics: September 2022
RUSSIA / FSU POLITICS · Report · 02 Sep 2022

* The Ukraine War continues, with neither side making much progress and bombardments decreasing. * Western military and financial aid to Ukraine is lessening. * Russia has reduced energy sales to the EU and increased them to China. * The Black Sea Grain Initiative is working smoothly, allo...

Copyright 2024 GlobalSource Partners. All rights reserved.