Reflecting on 2014, Mongolia has come far, yet still has further to go. Early in the year many structural issues loomed large. This included the moratorium on the issuance of exploration licenses, development of large scale power projects and the railroad gauge debate, all of which were recently successfully resolved. In light of these productive developments, and a… Continue Reading
EXCLUSIVE: Economists say practically no chance of Greece leaving euro
By Andrei Skvarsky. The idea of a Greek exit from the eurozone is back in the foreground, largely because of upcoming elections in Greece, but three high-powered economists have argued in interviews with EmergingMarkets.me that there is practically zero chance of the country breaking away. Continue Reading
Junior In-House Lawyer, London
A direct vacancy from www.russiansinthecity.eu A FTSE listed natural resources company currently undergoing refinancing is looking for a junior in-house lawyer to join the team reporting to the Group Head of Legal Affairs. Continue Reading
Accountant Project Assignment 1-2 months, London
A direct vacancy from www.russiansinthecity.eu Expected 1-2 months full time, can be remote work Relevant experience – GAAP, UK investments, multiple clients records, reporting English compulsory; Russian language preferred contact careers@russiansinthecity.eu Continue Reading
EU issues guidelines on how to avoid fraud in online payments
By Andrei Skvarsky. The European Union last month came up with guidelines for Internet payment providers on how to avoid increasing frauds that have yearly been sucking in hundreds of millions of euros across the EU. Continue Reading
Deutsche Boerse group poll suggests production in Russia at “lowest level on record”
By Andrei Skvarsky. A monthly survey by Deutsche Boerse group’s intelligence firm MNI Indicators suggests that Russian companies were a wee bit more optimistic in December than the month before but that production was at “the lowest level on record”, which appeared “to be finally spilling over to the jobs market”. Continue Reading
EXCLUSIVE: Central bank too slow to react to ruble’s slide – Deutsche Boerse group analyst
Philip Uglow, chief economist at Deutsche Boerse-owned research company MNI Indicators, has said that last week’s key rate hike to 17% from 10.5% by the Russian central bank showed “how slow” the regulator had been to react to the slide of the ruble. Continue Reading
Russia's RenCap promotes Ilgin Erdogan to chief exec of Turkey office
By Andrei Skvarsky. Renaissance Capital has promoted its head of Turkey research, Ilgin Erdogan, to chief executive of the Russian investment bank’s Turkish office. Continue Reading
Dramatic rate hike to take Russian economy closer to “collapse” – economists
By Andrei Skvarsky. The Russian central bank’s raise of the key rate to 17% from 10.5% on December 16 comes as early and stark proof of a forecast last week by Philip Uglow, chief economist at Deutsche Boerse research firm MNI Indicators, who said the regulator would further tighten its monetary policy but argued this… Continue Reading
ASIA FRONTIER CAPITAL – Country Snapshot – Iraq
Despite being plagued by armed conflict for most of the last decade, Iraq’s economy is rebounding and showing promising signs for surging growth in the future. Iraq is an enormously wealthy country, devastated by over 30 years of terrible conflicts and crippling sanctions, and almost torn apart by civil strife. Continue Reading
MNI Indicators: Things going "from bad to worse" for Russian consumers
By Andrei Skvarsky. In reporting the findings of a recent monthly poll, Deutsche Boerse’s research unit MNI Indicators makes what appears to be its bleakest assessment of the status of the average Russian consumer in about a year and half. Continue Reading
Lamudi: real estate business booming in many emerging markets
By Andrei Skvarsky. Global real estate company Lamudi says real estate business has been booming in many emerging and frontier markets. Continue Reading
Newsletter from Canrim Resources, a Singaporean company focused on mineral resources development in Mongolia
An encouraging month for Mongolia, November saw significant progress on the political front. After our letter to shareholders discussing the change of leadership, with Prime Minister Chimed Saikhanbileg replacing Mr. Norovyn Altankhuyag, a coalition between the incumbent Democratic Party (DP) and opposition Mongolia People’s Party (MPP) was formed. Further, on Friday, December 5th Prime Minister… Continue Reading
MasterCard launches initiative for poorer East Africans
By Andrei Skvarsky. MasterCard has launched a lab to develop cost-effective digital financial services for poorer population strata in East Africa. Continue Reading
Earnings of senior company execs going up worldwide – survey
By Andrei Skvarsky. The majority of senior company executives worldwide have had their total earnings go up in the last fiscal year, according to a survey by a global association of headhunting consultants. Continue Reading
Investors diversifying emerging markets strategies over slower growth – Economist
Slower growth in emerging markets is making investors abandon strategies that treat emerging markets as a single bloc, according to a research report from The Economist Group, publisher of The Economist weekly. Continue Reading
Russian govt releases its first recession forecast for 2015
By Andrei Skvarsky. Russia’s Economic Development Ministry for the first time released a recession forecast for 2015 on December 2, arguing that gross domestic product was likely to shrink by 0.8%. Continue Reading
Lamudi: Property markets in Asia, M. East, Africa, LatAm gaining momentum
By Andrei Skvarsky. Real estate business in many of the emerging and frontier markets in Asia, the Middle East, Africa and Latin America is on the ascent with demand pressing up and foreign capital pouring in, according to online global real estate company Lamudi. Continue Reading
Deutsche Boerse group analysts: sliding ruble keeps bedevilling Russian business
By Andrei Skvarsky. The latest of monthly surveys by Deutsche Boerse-owned intelligence firm MNI suggests that the overall sentiment in Russia’s business community has remained stable and predominantly negative since October but continued to be slowly eroded by the weakening ruble and Western sanctions. Continue Reading
Moody’s predicts stability for EMEA’s PFI/PPP sector
By Andrei Skvarsky. Moody’s predicts stability over the next 12 to 18 months for the Europe-Middle East-Africa (EMEA) region’s practice of project co-financing by private companies and government agencies. Continue Reading
Financial Risk Management, Moscow
A direct vacancy from www.russiansinthecity.eu KPMG’s market leading banking Financial Risk Management (FRM) practice in Moscow is looking to recruit experienced professionals to help us build on the growth momentum we are experiencing in this business. Continue Reading
C++ Developer, Bloomberg, London
A direct vacancy from www.russiansinthecity.eu Required qualifications: * In-depth knowledge and experience using C++ * Good knowledge of STL and object-oriented design patterns * Solid understanding of data structures and algorithms * Exposure to full software development cycle * Knowledge of multi-threading * Working knowledge of development tools such as debuggers, profilers, tracing utilities and source… Continue Reading
Junior Reconciliations Assistant, London
A direct vacancy from www.russiansinthecity.eu Working as part of the Finance team. To maintain reconciliation of technical ledger to bank statements & of Client accounts, in respective currencies. Working closing with the Back Office department to resolve any queries arising from the reconciliation process. To assist with daily reporting requirements which are core to the Finance department. Continue Reading
Legal Secretary Fluent Russian, London
A direct vacancy from www.russiansinthecity.eu Responsibilities: • Primary responsibilities will include, but are not limited to: • Document Production • Undertake all document production tasks to the highest standards and to agreed deadlines using appropriate software and all available resources. • Type from audio or manuscript using house style documents and non house style where required.… Continue Reading
Russian Speaking Advertising Sales Manager, London
A direct vacancy from www.russiansinthecity.eu Lifestyle Media Company is searching for a proactive, enthusiastic and target driven Russian Speaking Advertising Sales Manager to join our team. Continue Reading
Russian fund Target Ventures leads 20-million-euro round in international cruise booking portal Dreamlines
Source – East-West Digital News The Hamburg-based startup Dreamlines announced yesterday it secured 20 million euros in C Round financing from an international pool of investors led by Target Ventures. Continue Reading
OTKRITIE FC BANK RAISED RUB 21.4 BN OF EQUITY AS PART OF AN SPO
Otkritie FC Bank raised RUB 21.4 bn of equity as part of a follow-on public offering on the Moscow Stock Exchange. Continue Reading
Innovation by companies key as emerging countries strive to catch up with more developed economies
Source – Рreqveca.ru Innovation by companies is a powerful lever that can galvanise growth in emerging countries and help bring their economies in line with their more prosperous neighbours, according to a new report from the EBRD. Continue Reading
ADM Kazakhstan Capital Restructuring Fund in association with Invivo VDP LLP is launching modern medical functional diagnostic center in Almaty city
Source – Рreqveca.ru ADM Kazakhstan Capital Restructuring Fund (ADM KCRF), falling under group of funds with participation of Kazyna Capital Management JSC (Baiterek National Managing Holding), announces the launching a modern medical functional diagnostic center in Almaty city in association with Invivo VDP LLP. Continue Reading