CE Financial Observer talks with Andrei Radulescu, PhD, senior economist for Banca Transilvania in Romania.
Low oil prices have sent Russia’s economy into a recession, and countries on its periphery are being dragged along for the ride as the slump affects both oil exporters and countries that rely on trade and aid from Russia.
The current improvement in relations between Belarus and the European Union provides the country with an opportunity to secure more funding for infrastructure and other projects from European multinational lenders.
The economic downturn in the emerging markets raises questions about their future. Will they continue catching up with the developed economies in spite of the current downturn, as they have over the past 20-30 years?
Belarus has announced public sales and tenders for shares in 60 state-owned companies in 2016.
Serbia is facing a long-term shortage of health professionals, as doctors and nurses leave the country in pursuit of better prospects.
The Kosovo economy is showing signs of improvement, the IMF noted in its first review of the Stand-by Arrangement with the country.
US company Exxon and Romania’s biggest oil company OMV Petrom have estimated a gas deposit they are exploring in the Black Sea at about 100 billion cubic meters.
The new communication route connecting China with Ukraine, launched in mid-January, is the first step in pushing Russia out of the transit of goods all the way from the Great Wall to the Eiffel Tower.
More tourists coming to Bulgaria each year, with Poland one of the top nations to choose the place as a holiday destination.