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Expert briefing
Publication date: 22 March 2024

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…

Expert briefing
Publication date: 5 April 2024

The war in Ukraine, Western sanctions and the redirection of external trade away from Europe towards new partners all required a surge in investment. The bulk of new investment…

Expert briefing
Publication date: 21 February 2024

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…

Expert briefing
Publication date: 14 March 2024

At first glance, the economic performance observed last year seems impressive. However, the robust growth rate concealed many of the country's endemic economic flaws. Much of the…

Expert briefing
Publication date: 27 February 2024

Record levels of defence spending have led to surging demand for inputs used to manufacture military equipment, driving up output across various sectors. However, evidence of…

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