After months of foot-dragging, on 30–31 March the government successfully fast-tracked both the banking law and the land reform through...
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Ukraine: IMF deals draws near amid rising risks of recession -
Spain: Industrial production falls at a milder pace in February ahead of coronavirus blow Industrial production declined 1.3% year-on-year in seasonally- and calendar-adjusted terms in February, following January’s revised 2.2% drop (previously reported: -2.1%... -
Belarus: Belarusian ruble dives against the U.S. dollar The Belarusian ruble (BYR) plunged against the U.S dollar over the past month amid the increasing global economic fallout from... -
Russia: Ruble plummets to four-year low in March as oil prices collapse The Russian ruble dived further against the U.S. dollar in recent weeks, stricken by collapsing global oil prices and a... -
Ukraine: Hryvnia plummets amid global emerging market sell-off The Ukrainian hryvnia (UAH) plummeted against the U.S. dollar over the past few weeks, amid fears over the escalation of... -
Kazakhstan: Central Bank unexpectedly cuts the base rate in April At an emergency meeting on 3 April, the National Bank of Kazakhstan slashed the base rate to 9.50% from 12.00%,... -
Hungary: Government announces relief measures to mitigate economic fallout from Covid-19 pandemic Over the course of March, the Hungarian government announced a series of policy measures to alleviate the economic fallout from... -
Kazakhstan: Tenge slumps to new all-time low amid plunging oil prices Kazakhstan’s tenge (KZT) sank to a record low against the U.S. dollar over the past few weeks, hammered by the... -
Czech Republic: Government introduces swath of measures to cushion coronavirus blow in March In mid-March, the government announced a fiscal package to the tune of CZK 1.0 trillion (about EUR 36.3 billion) to... -
United States: Payrolls tank by largest extent since March 2009 in the wake of the coronavirus crisis U.S. employers cut 701,000 jobs in March, severely overshooting market expectations of a decline of 100,000 payrolls, and contrasting February’s...