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New bank may emerge in Cyprus

Location:

CYPRUS

The CCB is the second-largest lender in Cyprus. A range of scenarios are possible: the sale of all the CCB's assets, failure to sell any of it and a rapid resolution, or else a…

Kenya’s new budget targets significantly lower deficit

Location:

KENYA

After redeeming much of its USD2bn Eurobond in February, the government has effectively dispelled fears of a default. Nevertheless, it remains under pressure to consolidate public…

Turkey’s illiberal economic model will extend further

Location:

TURKEY

Erdogan spoke with pride of imposing additional customs duties to protect domestic industries, cheapening credit and launching a national car project. Economic policies are…

New investments will not stabilise Ethiopia’s economy

Location:

ETHIOPIA

The government hopes to benefit from the flattening of the COVID-19 pandemic and a relative calm in the Tigray conflict to push ahead with its flagship privatisation programme…

Armenian government faces fiscal and growth challenges

Location:

ARMENIA

Armenian economic update.

Mexico’s Pemex will retrench in a bid to survive

Location:

MEXICO

While such losses are enormous, they are far less than then 41.4-billion-dollar loss seen the previous year. Pemex has recorded 17 consecutive quarters of financial losses, with…

Ukraine privatisation may not match expectations

Location:

UKRAINE

As well as trying to restructure 23 billion dollars of debt in line with its IMF support plan, Ukraine must also undertake structural reforms. On May 12, Kyiv approved a list of…

Cash buffer would back up Greece's bailout exit

Location:

GREECE

Greece’s exit from bailout conditions.

Turkish state banks’ use for policy may harm stability

Location:

TURKEY

State banks’ increased use as policy instruments.

Long-term challenges cloud Ethiopia’s economic reforms

Location:

ETHIOPIA

Outlook for Ethiopia's economic reforms.