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Latvia is banking on a green light for its euro-adoption bid awakening investors who’ve so far failed to drive an asset rally similar to the one neighboring Estonia experienced before it switched currencies in 2011.
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Russian President Vladimir Putin urged the government to come up with a plan to revive the flagging economy after a minister warned that a recession is possible as companies cut investment and export demand wanes.
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Russian President Vladimir Putin called for a plan to revive growth after his economy minister warned of the threat of recession as companies cut investment and export demand wanes.
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Russia’s credit standing is at a “turning point” as higher oil prices may allow the world’s biggest energy supplier to balance its budget this year and gain $50 billion in international reserves, Commerzbank AG said.
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Bulgarian lawmakers approved the resignation of Prime Minister Boyko Borissov, moving the nation toward early elections after protests sparked street violence in the European Union’s poorest member.
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Russia’s ruble slid to the lowest in almost two weeks on concern Europe’s debt crisis and wrangling over the U.S. deficit will hurt the world’s biggest energy exporter.
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Belarusian President Alexander Lukashenko may be forced to do what he has tried to avoid in order to win further aid from the International Monetary Fund: relinquish control of the nation’s centralized economy.
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Belarus’s ruble rate is as much as 40 percent weaker in trading between banks than the level set by the former Soviet republic’s central bank after restrictions were lifted yesterday.
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Ukraine’s talks with Russia over cheaper natural-gas imports failed to make a breakthrough as it seeks to avoid the increases in household fuel costs needed to revive a $15.6 billion bailout.
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Russia’s consumer prices probably rose in June at the slowest monthly pace since April 2010 as fresh produce eased food costs.
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