By Ben Aris in Berlin The Central Bank of Russia (CBR) has released its latest macroeconomic survey of professional economists’ forecasts and its own estimates on October 20. The survey is the regulator’s best guess at where the economy is going, and i…
Ukraine believes Belarus’ increasing military activity is more than just posturing
By bne intelinews During a live-streamed press briefing on Thursday, October 20, Ukrainian General Oleksii Gromov told reporters that Ukraine does not consider the build-up of Russian and Belarusian forces along the Belarus-Ukraine border to be purely …
Turkey slashes policy rate further by 150bp despite 83% inflation
By Akin Nazli in Belgrade Turkey’s monetary policy committee (MPC) on October 20 introduced a jumbo policy rate cut, lopping 150 bp off the benchmark to take it to 10.5% (chart). Critics immediately spoke of more mumbo jumbo under the ‘Erdoganomics’ of…
Populist candidate leads in polls ahead of Slovenian presidential election
By Valentina Dimitrievska Seven candidates are standing in the first round of the Slovenian presidential elections on October 23, with opinion polls indicating that Anze Logar, backed by former populist premier Janez Jansa’s Slovenian Democratic Party,…
Polish industrial production surprises positively with 9.8% y/y expansion in September
By Wojciech Kosc in Warsaw Poland’s industrial production expanded 9.8% year on year in constant prices in September (chart), after growing 10.9% y/y the preceding month, unadjusted data from the statistical office GUS showed on October 20. The expansi…
Nearly 579mn Africans live in ‘acute multidimensional poverty’, new study says.
By Elena Kachkova in Johannesburg The number of people living in poverty in Sub-Saharan Africa has overtaken that of South Asia, according to a new study. Nearly 579mn Africans live in what the study calls “acute multidimensional poverty,” AllAfrica re…
Nigeria’s Oilserv shows interest in building gas pipelines to Morocco, Algeria
By Jennifer DeLay Oilserv, one of Nigeria’s largest oilfield services providers, has indicated that it is ready to participate in either of the two major natural gas pipeline projects that the national oil company (NOC) is considering. Emeka Okwuosa, t…
LSE-listed miner Kavango Resources reports ‘exploration upside’ at Ditau project in Botswana
By Elena Kachkova in Johannesburg LSE-listed miner Kavango Resources has identified an Iron Oxide Copper Gold (IOCG) system at its Ditau Project in southwestern Botswana, Proactive Investors reported on October 14. Kavango believes it is the first conf…
Will Europe’s energy supply make it through winter?
By bne IntelliNews Europe now has filled its gas storage facilities to close to 95% of capacity, and while gas prices are still very high, they are substantially down from previous spikes. How the continent’s energy system will fare this winter, howeve…
Kyrgyzstan asks Russia-led security bloc to deploy peacekeeping troops at border with Tajikistan
By bne IntelIiNews Kyrgyzstan has asked Moscow-led security bloc CSTO to deploy peacekeeping troops at its disputed border with Tajikistan. Bishkek says the move to bring in CSTO (Collective Security Treaty Organisation) soldiers is needed to ensure a …