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HUNGARY: Central bank may face government pressure
Pichai Chunhavajira, an experienced businessman who has held various important positions previously, was named as the new finance minister, taking over the role from the premier…
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DOI: 10.1108/OXAN-DB286823
ISSN: 2633-304X
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These difficulties have arisen despite the sharp rise in oil output to nearly 143 million barrels last year, from which the government received some USD1.6bn in revenues. Oil…
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DOI: 10.1108/OXAN-DB286685
ISSN: 2633-304X
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Islamabad now seeks a larger, longer-term bailout programme with the Fund. Finance Minister Muhammad Aurangzeb has suggested that a staff-level agreement on such a package could…
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DOI: 10.1108/OXAN-DB286930
ISSN: 2633-304X
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The completion of residential housing units reached a post-Soviet record of 110 million square metres. This strong expansion in construction activity was demand-led, stimulated by…
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DOI: 10.1108/OXAN-DB286017
ISSN: 2633-304X
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SRI LANKA: Rate cuts show concern with growth
Banking sector profitability surged from RUB199bn (USD2.2bn) in 2022 to around RUB3.3tn in 2023. Rising profitability was generated by robust credit expansion, lower loan…
The Brazilian financial system, which is still dominated by five state and private banks, saw slower loan growth and worsening asset quality in 2023 due to high inflation and…
It is only an interim budget because a general election is set to take place soon, most likely in April-May. The budget surprised many observers because of its lack of…
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DOI: 10.1108/OXAN-DB285189
ISSN: 2633-304X
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However, although output has grown, a tight labour market and persistent inflation have created new problems. The reorientation of trade away from Europe has resulted in a…