Services

NEWS FLASH

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

Learn More

COUNTRY INSIGHTS

The inflationary environment remains subdued
ISRAEL · Report · 16 Nov 2020

Inflation remains fairly subdued, with core inflation down 0.4% Y/Y in October. We expect a modest acceleration in inflation going forward, as domestic demand recovers and commodity prices move higher. S&P reaffirmed Israel’s rating on strong fundamentals; we think the 2021 budget approval will b...

Economics: Yet another inertial budget to nowhere
MEXICO · Report · 16 Nov 2020

The erosion of public finance accelerated over the course of the third quarter, with numbers especially alarming as of September, the most recent month for which we have results. Even as the tax authority stepped up efforts to energetically impose "administrative" measures — formally legal, but i...

Politics: Lessons for Mexico in Biden’s election
MEXICO · Report · 16 Nov 2020

As the number of countries rushing to congratulate US President-elect Joe Biden has swelled to include even numerous heads of state with strong affinities for Donald Trump, President Andrés Manuel López Obrador remains among the dwindling ranks of those who are holding back, alongside the more ge...

Sandu wins Moldovan presidency
RUSSIA / FSU POLITICS · In Brief · 16 Nov 2020

On November 16 statistics from the Election Commission showed that Maia Sandu has won the presidential election with 57% of the vote. Her opponent was President Igor Dodon. 99.6% of the votes have been counted. An official announcement of the results will be made on November 20. The Constitutiona...

Major upsurge in Belarus protests
RUSSIA / FSU POLITICS · In Brief · 16 Nov 2020

On November 15 large protests demanded that Lukashenka resign. The scale of the protests surprised the government. It had been assumed that the opposition was running out of steam. Police responded with a heavy hand. Over 1 000 people were arrested. Tear gas and stun grenades were used. The inter...

The inflationary environment remains subdued
ISRAEL · In Brief · 15 Nov 2020

October’s CPI surprised slightly on the downside reaching 0.3% m/m (we had expected 0.4%, while consensus was in the 0.3%-0.4% range) - details below.. Core inflation remained stable at -0.4% y/y, similar to September. Housing rental prices remain sticky, up 1.7% y/y following 1.6% in Sept. We ex...

Taking stock after an eventful week
TURKEY · Report · 15 Nov 2020 · 1 response

President Erdogan should be given credit for staging a F-1 driver quality U-turn on the spot. Yet, the man himself has not changed and what we are witnessing is a tactical retreat to “fight another day”. That being said, he is likely to stay in his good behavior for the next three months. Afterwa...

Armenian opposition accused of coup plot
RUSSIA / FSU POLITICS · In Brief · 15 Nov 2020

On November 14 the leader of the Homeland Party was arrested on suspicion of plotting to assassinate the prime minister. Artur Vanetsian excoriated Pashinyan over losing the war against Azerbaijan. Vanetsian was once head of the National Security Service (NSS) which is the country's equivalent of...

Ukraine lockdown at weekends
RUSSIA / FSU POLITICS · In Brief · 15 Nov 2020

On November 12 the government announced a lockdown from November 14-30 - at weekends only. The aim was to slow the spread of the coronavirus. The lockdown closes all businesses except grocery stores, drug stores and hospitals during weekends until the end of November.President Zelensky is being t...

Luhansk crossing points
RUSSIA / FSU POLITICS · In Brief · 13 Nov 2020

On November 10 Ukraine said that it wants to open two more frontline transit points in the Luhansk Region. The Russian side is not allowing anyone through.Efforts to establish new crossing points failed in the past. People in Luhansk have only one foot crossing point. Stanitsa Luhanska is that pl...

New head of Russian anti-monopoly service
RUSSIA / FSU POLITICS · In Brief · 13 Nov 2020

On November 12 the head of the Federal Anti-Monopoly Service (FAS) was moved to be assistant to the prime minister. Artemyev had been en poste since its foundation in 2004. The new head of the FAS is Maxim Shaskolky who was the deputy governor of St Petersburg.The FAS's task was to create real co...

Mostly good news, but not in every respect
HUNGARY · In Brief · 13 Nov 2020

Today's announcement of +11.3% qoq, -4.7% yoy sda real GDP growth for Q3 is certainly good news. Previously, GDP fell by a cumulative 15% qoq in H1, so quite a big part of that setback has been reversed. The average of analyst expectations for Q3 was -5.2% yoy, and honestly, we were on the pessim...

​GULF WEEKLY: Bahrain’s PM dies, oil caught between vaccine & lockdowns, Saudi on negative outlook
GULF COUNTRIES · Report · 13 Nov 2020

A skimmable summary of key developments overlaid with our analysis and links to further information. Headlines include: * Oil rallied on vaccine news before concerns about current lockdowns reasserted themselves. * Saudi Arabia took a day longer than the other Gulf States to congratulate Bide...

Russian coronavirus cases at a record
RUSSIA / FSU POLITICS · In Brief · 13 Nov 2020

On November 13 the number of new coronavirus cases in one day in Russia reached 22 000. Bars and nightclubs now have to stop allowing people in at 11 pm.Russia has the fifth highest number of coronavirus cases in the world. The daily death toll is 411 which is low in comparison to the caseload.Mo...

Calvey free from house arrest
RUSSIA / FSU POLITICS · In Brief · 13 Nov 2020

On November 12 Michael Calvey's house arrest was ended by the Russian Supreme Court. The American investor was arrested 18 months ago. He had been one of the major investors in the country for over 20 years. He founded Baring Vostok investment fund. Calvey and 5 others were charged with embezzlin...

Copyright 2024 GlobalSource Partners. All rights reserved.