Central & Eastern Europe
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While economic activity in Russia has lost momentum, the World Bank is elevating the country to high-income status.   MILESTONES By Gordon Platt At a time when economic activity in Russia has lost its momentum, the World Bank is elevating the countr...
Does the slowdown of Fed quantitative easing signal an inevitable slowdown in developing economies and the end of the bull market for emerging markets assets? By Gilly Wright If you attended to the teeth gnashing and handwringing following the Fed...
In 2004, when nine former Communist countries joined the EU, there were widespread celebrations. Three years later Romania and Bulgaria also joined. On July 1 this year another post-Communist country was admitted to the EU: Croatia. But celebrations were somewhat mut...
Praised by both the EU and the IMF for passing painful austerity measures, Latvian prime minister Valdis Dombrovskis will soon be rewarded by seeing his country become the 18th member of the eurozone.     NEWSMAKERS: LATVIA By Gilly Wright Prai...
With more assets under control than ever, central banks are evolving. But how new strategies will work is uncertain. UNINTENDED CONSEQUENCES By Udayan Gupta The world’s central banks are on a desperate mission to stave off deflation. But even if their sh...
One of the few frontier markets to adopt the euro, Estonia is among the fastest-growing economies in Europe.     ODD MAN OUT By Dan Keeler One of the few frontier markets to adopt the euro, Estonia has proved to be a beacon of hope in a regio...
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