GlobalSource Partners | Country Insights

Since the Ukraine War began in February 2022 tens of thousands of Russians have gone abroad. Many have gone to the former Soviet republic of Kyrgyzstan. Kyrgyzstan is relatively liberal, everyone in the cities can speak Russian and the country has a low cost of living. Russians can stay in the co...

CA surplus and FDI remain robust

ISRAEL · Report · 14 Mar 2022

1. The current account surplus and net FDI together totaled 8.8% GDP in 2021, underlying Israel’s strong fundamentals and supportive of the shekel. 2. The fiscal deficit declined to 2.2% GDP in the last 12 months, supportive of further reduction in bond issuance. 3. We expect a CPI of ...

The 19th day of war: humanitarian convoys and tactical counterattacks

UKRAINE · In Brief · 14 Mar 2022

All of us are involved in humanitarian convoys these days. Some are hosting displaced people, some are helping with humanitarian supplies, some are arranging logistics for civilians locked in the actions area. Hundreds of thousands of people are moving to the West, away from Russian bombs.Reports...

The CA surplus and FDI remain robust

ISRAEL · In Brief · 13 Mar 2022

Highlights:1. The current account surplus and net FDI together totaled 8.8% GDP in 2021, underlying Israel’s strong fundamentals supportive of the shekel.2. The fiscal deficit declined to 2.2% GDP in the last 12 months, supportive of further reduction in bond issuance.3. We expect a CPI of 0.5% m...

On tenterhooks

TURKEY · Report · 13 Mar 2022

The politics author is concerned that Turkey is edging close to a repeat of 2001, which could turn 2022 or 2023, into 2002. Too cryptic? Turkey’s 2001 crisis was followed by 2002 elections, which witnessed the disappearance of the “ancien regime”. At the home front, Erdogan and his AKP-MHP all...

Turkmenistan elects new president

RUSSIA / FSU POLITICS · In Brief · 13 Mar 2022

On March 13 Turkmenistan is holding an election. Gurbanguly Berdymukhammedov is retiring as president. His son Serdar, 40, is the red hot favorite. Turkmenistan is the most oppressive country in the world after North Korea. The cult of the personality around the president is ludicrous. All electi...

Armenia and Turkey negotiate on forming diplomatic relations

RUSSIA / FSU POLITICS · In Brief · 12 Mar 2022

On March 12 the foreign ministers of the two countries met in Antalya, Turkey. It is the same town where Russo-Ukrainian talks took place days ago.Ankara and Yerevan have concurred that they shall continue their endeavor to establish normal relations. This would mean an exchange of embassies and ...

Uzbek cotton can be marketed abroad again

RUSSIA / FSU POLITICS · In Brief · 12 Mar 2022

On March 10, the Cotton Campaign said it no longer objects to people purchasing Uzbek cotton and textiles. The Cotton Campaign said that Uzbekistan has made huge headway in reducing forced labor.Previously the state forced millions of students and low paid public sector workers to do a couple of ...

Airlines not flying to Russia

RUSSIA / FSU POLITICS · In Brief · 12 Mar 2022

On March 11 Air Astana and Pegasus Airlines said that they will not fly to Russia until further notice. The airlines said that this is because there are doubts that insurance will cover them. Air Astana is the national carrier of Kazakhstan and usually flies to 10 Russian cities and wishes to res...

Economic outlook grows complex, but is still manageable

DOMINICAN REPUBLIC · Report · 11 Mar 2022

The situation following Russia’s invasion of Ukraine complicates the 2022 economic outlook for the Dominican economy. The rise in oil and raw materials prices, plus the fall in the flow of tourists from both Russia and Ukraine, will make it more difficult to achieve inflation and fiscal deficit g...

Putin says he will start large-scale nationalization

RUSSIA / FSU POLITICS · In Brief · 11 Mar 2022

On March 10 the president said the government shall take swift and firm action over the 250 foreign companies that have stopped operating in Russia. He said he would not allow local suppliers to lose out. The businesses are to be handed to those who wish to operate them and the law enables this. ...

Russia: a brief market watch

RUSSIA ECONOMICS · In Brief · 11 Mar 2022 · 1 response

As the oil price moved up, the ruble fell against major currencies amid massively increased demand for FX, while the supply of FX looked insufficient to match the demand. Even though the CBR reported that the current account surplus in 2M22 reached $39.2 bn and the trade surplus widened to $46.2 ...

GULF WEEKLY: Oil pulls back on UAE comments, Saudi deficit eases in 2021, Kuwait acquits former PM

GULF COUNTRIES · Report · 11 Mar 2022 · 1 response

A skimmable summary overlaid with our analysis and links. Headlines: * Oil eased to about $111, after hitting a 14-year high of $130 when the US banned Russian imports. * The Saudi and Abu Dhabi crown princes reportedly refused calls from Biden. * Iran nuclear talks are on pause again, this ...

A step towards financial consolidation

ARGENTINA · In Brief · 11 Mar 2022

As anticipated in our last report, with 202 votes in favor, 37 against, 13 abstentions, and 4 absentees, the Chamber of Deputies gave, at the early hours of today and after a 13-hour-long debate, a half sanction to the law that approves the financing of the recently negotiated Extended Fund Facil...

Webinar Replay - Russia-Ukraine War: What's happened and what's next?

RUSSIA / FSU POLITICS · Report · 11 Mar 2022

Gain perspective on developments in the Russia-Ukraine war. Visit our events calendar page to watch the replay of our webinar featuring Alexander Teddy discussing the political implications of the Russia-Ukraine war for both countries as well as for the rest of the former Soviet Union.