Konstantin Rick

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Kyiv tries to dampen currency fear as Fitch downgrades Ukraine

Ukraine’s central bank has imposed currency controls to try to prop up the hryvnia.<p>It has limited private transfers of dollars out of the country to around $5,700 a month.<p>There is also a ban on purchases of foreign currency for overseas investment or for early repayment of loans.<p>“There have been …

Egypt facing economic, investor crisis

A recent report said Egyptian banks offered 40 billion Egyptian pounds [$5.7 billion] in loans during fiscal year 2012–13. The report confirmed that …

Egyptian debts increases to $70bn after coup

<b>World Bulletin / News Desk</b><p>The Egyptian government has US$70 billion internal debts to support the struggling Egyptian economy after the Egyptian army …

Russian bailout masks Ukraine's economic mess

<b>There is no shortage of grim data that could illustrate Ukraine's troubled economic condition.</b><p>But perhaps the most damaging statistic is to do with gas prices.<p>Ukrainian consumers pay approximately 20% of the wholesale price of gas, leaving the state with a huge bill and destabilising the state-run …

Economy

​Ukraine protests: ‘Pros and cons of EU deal not evaluated, just emotions’

<b>RT:</b><i>We've heard it so many times that association with the EU is good for Ukraine in the long run. Why isn't there much talk of what it would cost the</i> …

Still struggling

LAST week a 27-year-old cigarette vendor set himself on fire in Tunisia’s capital, Tunis. Adel Khazri’s action returned attention to the economic …

Egypt relies on Gulf aid to energise economy: Finance minister - Economy - Business

Egypt’s government is depending primarily on financial aid from the Gulf, the country's finance minister Ahmed Galal said on Saturday.<p>Speaking to …

Ukraine unrest: EU and US clash with Russia in Munich

<b>Ukraine's future has sparked angry exchanges at a summit in Munich.</b><p>European Council President Herman Van Rompuy said the "future of Ukraine belongs with the EU" while US Secretary of State John Kerry said the US backed Ukraine's "fight for democracy".<p>Russian Foreign Minister Sergei Lavrov accused …

Russia

​Russia’s emergency loan to Ukraine on hold until govt forms

President Vladimir Putin assured Ukraine they can count on the promised $15 billion in loans from Russia, but the money will only be available once a …

Russian senators condemn Ukrainian protests, warn of dire consequences

The statement passed by Russia’s Upper House on Wednesday also says the civil unrest in the Ukrainian capital was an organized campaign aimed at …