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Is PM Orbán cautiously distancing himself from Moscow?
HUNGARY · In Brief · 03 Mar 2023

On March 1, the Russian government issued a decree to ban visa-free travel by Hungarian diplomats to Russian territory, "until Hungary does not stop breaching the provisions of the underlying bilateral agreement". It is not immediately clear in what way Hungary is breaching the agreement in quest...

LAST MINUTE: Aksener pulls out of the Nation Alliance
TURKEY · In Brief · 03 Mar 2023 · 2 responses

I’m not in the business of sharing breaking news with our audience, but this is so important that I decided to do so before I can gather my head and come up with a conclusion about election scenarios. After a six-hour meeting on Thursday it looked like the six leaders of the Nation Alliance had a...

Russia claims Ukraine is raiding across the border
RUSSIA / FSU POLITICS · In Brief · 03 Mar 2023

On March 2 Russia's TASS news agency said that a small Ukrainian Army unit crossed the frontier and shot civilians. These fighters were mostly in civilian clothes. Russia has published photos and videos which purport to show Ukrainians holding flags near Bryansk. Some of these images have been ge...

Russia: a brief market watch
RUSSIA ECONOMICS · In Brief · 03 Mar 2023

Russian financial markets remain nervous. As the West imposed a next-in-turn package of sanctions last week and announced an intention to impose a "secondary sanctions" mechanism (i.e., tightening enforcement of the already imposed sanctions) market sentiment was negatively impacted. Markets also...

US and Russian foreign ministers meet
RUSSIA / FSU POLITICS · In Brief · 02 Mar 2023

On March 2 at the G20 summit in India, Antony Blinken and Sergei Lavrov met. The two had an informal discussion. US sources said that Blinken told Lavrov that the US will stand by Ukraine for as long as it takes. The Russian Foreign Ministry said that the two men had spoken only very briefly. Eig...

Lula will sign an MP that makes changes to the Bolsa Família program, the increase in the export tax on crude oil faces resistance from Congress, and Lula’s interview will air today
BRAZIL POLITICS · Report · 02 Mar 2023

All beneficiaries will receive a minimum amount of R$ 600, and two complementary payments will be created to better meet the size and characteristics of each family. The relaunching of the program reinforces Lula's connection with the low-income population and re-establishes the social brand of t...

A decent start in January
RUSSIA ECONOMICS · In Brief · 02 Mar 2023

Rosstat reported that the output of the five basic sectors shrank by 2.5% y-o-y in January which was better than in 4Q22 when it contracted by 3.1% y-o-y. The performance of various sectors was quite uneven in January, but less so than in 2022. Industrial output and transportation services contra...

Essential CIS Politics: March 2023
RUSSIA / FSU POLITICS · Report · 01 Mar 2023

* Biden visited Kyiv and assured Ukraine of unwavering support. * Zelensky visited London, Paris and Brussels and received pledges of tanks. * Russia continues to advance in Ukraine but very slowly. * Russian Foreign Minister Lavrov continues tour of neutral states.

Monetary policy rate unchanged in March 2023
DOMINICAN REPUBLIC · In Brief · 01 Mar 2023 · 1 response

The Central Bank decided yesterday to maintain the monetary policy rate at 8.5% per year, the same level in force since Nov 2021. The permanent liquidity expansion facility rate (1-day Repos) is also kept unchanged at 9% per year and the rate of remunerated deposits (overnight) at 8% per year. Th...

Federal taxes on gasoline and ethanol were reinstated, parties will meet in the House and Senate to appoint members of the permanent committees, and the pressure in Congress for a CPMI on the January 8 attacks continues
BRAZIL POLITICS · Report · 01 Mar 2023

The published provisional measure reinstates the federal taxes on gasoline and ethanol, as well as establishing the rate of export tax on crude oil exports at 9.2% until June 30, 2023. The solution found was considered a victory for the Minister of Finance, Fernando Haddad. Today, the blocs and p...

US Secretary of State in Kazakhstan
RUSSIA / FSU POLITICS · In Brief · 01 Mar 2023

Antony Blinken held talks in Kazakhstan with President Tokayev. In Kazakhstan met the foreign ministers of Uzbekistan, Turkmenistan, Tajikistan and Kyrgyzstan. He then flew to Uzbekistan.  The US does not want Central Asian countries to support Russia over Ukraine. All five of them abstained in t...

Details of Minera Panama´s new contract remain secret. Implementation of the new base year improves the fiscal ratios slightly. The political scenario heats up fifteen months before the general elections.
PANAMA · Report · 01 Mar 2023 · 1 response

February is coming to an end, and there is no official indication that the conclusion of the new agreement between Minera Panama and the Executive will be reached in the coming weeks. The company indicated that it would phase down its mining and export operations and suggested that direct employm...

Air raid sirens sound in west Russia: hacking or real raids?
RUSSIA / FSU POLITICS · In Brief · 28 Feb 2023

On February 28 the sirens went off in the regions adjacent to Ukraine. The government said that the sirens had been started by hackers setting them off despite their not being attacks. The sirens are heard via TV and radio. On February 21 such sirens were heard in many other Russian regions. Nota...

Next challenge: tackling structural problems.
CENTRAL AMERICA · Report · 28 Feb 2023 · 1 response

Costa Rica is expected to maintain discipline in public finances under the fiscal rule implemented in the 2018 legislation, although shielding the fiscal advances to reinforce medium and long-term sustainability is important. Public policies are a next step in addressing several lagged social and...

Ukraine says its troops in Bakhmut are under severe pressure
RUSSIA / FSU POLITICS · In Brief · 28 Feb 2023

On February 28 Kyiv made the statement about the city which has been under Russian attack for months. It seems that Russia is desperate to win a battle for the first time since the summer of 2022. Almost every building in Bakhmut is damaged or destroyed. The city has salt mines and used to produc...

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