By Andrei Skvarsky. Moscow Exchange has reported vast increases in securities and foreign exchange (FX) trade for 2014 despite Russia’s steady movement towards recession that year. Continue Reading
By Andrei Skvarsky. Moscow Exchange has reported vast increases in securities and foreign exchange (FX) trade for 2014 despite Russia’s steady movement towards recession that year. Continue Reading
2014 was a strong year for the AFC Asia Frontier Fund (AAFF) as a young team came together to establish a platform for future growth. This was not only reflected in the fund’s performance, but also in our focus on making on-the-ground visits to countries, meeting more companies, talking to people in our markets, and… Continue Reading
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
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
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
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
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
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
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
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
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
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
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
By Andrei Skvarsky. Global real estate company Lamudi says real estate business has been booming in many emerging and frontier markets. Continue Reading
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
By Andrei Skvarsky. MasterCard has launched a lab to develop cost-effective digital financial services for poorer population strata in East Africa. Continue Reading
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
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
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
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
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
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
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
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
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
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
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
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 a follow-on public offering on the Moscow Stock Exchange. Continue Reading