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Category: Global Economy
Inzhur is preparing documents to obtain a license from the National Securities and Stock Markets Commission (NSSMC) to open a new stock exchange, Logos Press reported.
One of the most destructive earthquakes in the history of Turkey on February 6, 2023 was called “the disaster of the century” by American publications. This earthquake is second only to a similar disaster in Cilicia in 1268 in terms of the number of deaths and the scale of destruction on the modern territory of the country. The direct financial losses of the Turkish economy alone are estimated at $104 billion.
Lukoil-Moldova has 10 days to sell its assets at Chisinau airport, Logos Press reports.
Gunvor Grup Ltd. has withdrawn its offer to buy Lukoil’s overseas business. An hour earlier, the US Treasury Department called Gunvor a “Kremlin puppet” and refused to grant it permission to do business until the end of the war in Ukraine, Logos Press reported.
Between 2021-25, prices of inputs (agrochemicals, seeds, fuel, etc.) rose by more than 41% on average in the U.S., Europe and many other parts of the world, while prices of basic agricultural products (wheat, corn, etc.) rose by only 25-35% on average, according to Logos Press.
Despite the huge budget deficit, the National Bank of Ukraine is confident that international aid to the country will be enough to keep the printing press running, Logos Press reported.
In December this year, the European Commission plans to submit proposals to create a single supervisory body for stock and cryptocurrency exchanges in order to eliminate fragmentation and improve the EU’s competitiveness in capital markets – according to Logos Press.
In 2025, analysts forecast real economic growth in Romania of only 0.8% of GDP, with the “alternative scenario” being a technical entry into recession with a budget deficit of 8.6% to GDP, Logos Press reported.
In the October issue of World Economic Outlook, the International Monetary Fund ranks the countries with the highest public debt in 2025, Logos Press reports.
Russia’s second-largest oil producer Lukoil said it plans to sell its overseas assets after the U.S. Treasury Department imposed sanctions on the company to pressure the Kremlin to end the war in Ukraine, Logos Press reported.
European Union leaders have postponed consideration of using frozen Russian assets to help Ukraine until December 2025, Logos Press reported citing Finantial Times.
The markets of Moldova and Romania may be seriously affected by the secondary effects of the sanctions imposed by the United States against the Russian company Lukoil. This was warned by former Moldovan Prime Minister Ion Sturza, Logos Press reported.
