Alpha Bravo’s Post

Coface Economic Updates: Russia, CIS & Central and Eastern Europe. 3 – 7 June, 2024   Here are notable economic developments that Coface Russia team thinks you may want to be aware of:   RUSSIA   📝 Russian Finance Minister confirms discussions with BRICS countries on a unified payment system https://lnkd.in/e2Fqf8Qg   📝 Experts assess the damage to the Russian economy from the exit of foreign companies https://lnkd.in/eYtjmzqY   📝 Russia moves up to fourth place in the ranking of world’s largest economies https://lnkd.in/eYtjmzqY   📝 Starbucks files trademark applications with Rospatent https://lnkd.in/eunnPPu4   📝 The Bank of Russia decides to keep the key rate at 16.00% p.a. https://shorturl.at/eoPSk   CIS   📝 Tajikistan's economy to grow by 6.5% in 2024 and 2025 - ADB https://lnkd.in/ewjmQve6   📝 The Kyrgyz government announces plan to double the size of the economy https://lnkd.in/ehYzW-Yn   CENTRAL & EASTERN EUROPE   📝 Hungary will not give up cooperation with Russia on gas, Szijjártó says https://lnkd.in/erUQXuXm   📝 Czech industry maintains decline, of 0.4%, in April https://lnkd.in/edu3Pj4K    #CofaceRussiaWeeklySummary

As Lebanon grapples with economic recovery in the wake of its financial crisis, and Russia continues to extend its influence in the Middle East, trade and investment interactions are coming into a new focus. Energy, agriculture, and technology in Russia are a potential market and collaboration space in Lebanon, given its strategic location and ongoing economic reforms. In turn, Lebanon can benefit from Russia’s technological advancements and investments. https://lnkd.in/etCY9MGG

The UAE in BRICS: Consequences, Multilateral Trade and Prospect By Farzad Ramezani Bonesh The BRICS is still not a full international or regional organization and is more informal. There is some inconsistency between some members, however a looser managed bloc can also have benefits – rather than a rigid trade agreement, #intra-BRICS tariffs can be arranged on an as-need bilateral basis thereby negating the necessity of years of #trade #negotiations, a point often lost in Western analysis. This means that the overall BRICS trade #flexibility can be an important opportunity for the UAE in all geopolitical and geoeconomic dimensions, including the country’s soft power. Certainly, the potential of BRICS members can be of great help to facilitate the UAE’s goals. The UAE’s membership in #BRICS in the short and medium term can lead to foreign direct investment, overcoming the #economic challenges of the UAE, and access to a 2030 #perspective. It means #membership for the UAE can help create positive #international multilateral partnerships, being a partner for both North and parts of the world, a gateway between East and West, achieving a global trade and logistics center, and a center for exports and re-exports in the world. It means membership for the #UAE can help create positive international #multilateral partnerships, being a partner for both North and parts of the world, a gateway between East and West, achieving a #global trade and #logistics center, and a center for exports and #re-exports in the world. #فرزادبونش #farzadbonesh https://lnkd.in/eYhtdmNB

In 1980, North-South: A Program for Survival featured the Brandt Line, illustrating the divide between developed and developing nations. Commissioned by the Independent Commission for International Development Issues of the World Bank and led by Willy Brandt, this report aimed to bridge the economic gap through significant resource transfers and development policies. The map implied that less-developed countries in the southern hemisphere would receive support and oversight from their more advanced northern counterparts. Fast forward four decades, and Türkiye has transformed dramatically. Today, 🇹🇷 Türkiye has made impressive strides. As of 2023, it ranks as the 17th largest economy globally, with a GDP of $1.024 trillion, according to the IMF. As a member of the OECD and G20, Türkiye has evolved into a prominent donor of official development assistance (ODA), reflecting its remarkable progress and new role on the international stage. As a proud Turkish citizen, I am honored to represent my country and witness her growing influence globally. My belief remains: "The world is safer and better with the Turks."

📈 Insightful findings on Turkey's economy! 📈 Coface’s new study highlights the challenges and opportunities in Turkey's export markets. With a diversified industrial base, Turkey's export growth depends on the recovery of external demand, especially in the European Union, North Africa, the Middle East, and the US. 🌍🚀 📰 Dive into the study for a comprehensive analysis!  https://lnkd.in/dX96ux3Q #Turkey #Business #Economy

Critical infrastructure investments, particularly in the transport sector, are crucial in building better economies. A tighter integration of economies across a continent, achieved by stitching together the transport networks, can unlock tremendous growth at scale. The World Bank Group's policy research paper on trade and infrastructure integration in Africa provides insights into the economic impacts of reducing transportation time in the continent. The WBG analysis shows that through a combination of tariff reduction and trade facilitation (which improves border delays and behind-the-border frictions) can substantially reduce trade costs and increase exports by 11.5% and GDP by 2% for countries in the continent. With a population of ~1.3 billion and many fast-growing economies, quantifying the benefits of connecting communities and businesses with better transportation, such as roads, ports, and airports, is key to unlocking critical investments and driving growth development, especially in emerging economies. Check out the policy research paper to learn more about the potential impact on GDP and trade growth: wrld.bg/ACmZ50R2nqA #economicdevelopment #highways #ports #mobility #congestion #trafficmanagement #transportpolicy #criticalinfrastructure #trade #smartcities CC Carl Manlan Elizabeth (Lizzie) Biney-Amissah Debisi Araba

Making a case why Africa's future is now in my recent op-ed in the Financial Times fDi Intelligence. The continent needs five pillars of critical infrastructure to fulfil its potential. Not just a matter of physical and energy infrastructure, but also of better access to finance, political will to implement and sustain the regulatory #AfCFTA framework, and also need for interconnected business networks. Fundamental challenges remain but the continent's leadership determination to widely implement the trade bloc and make the future African is real and unprecedented. #Africa is open for business. African Export-Import Bank (Afreximbank) African Development Bank Group African Continental Free Trade Area (AfCFTA) Secretariat Export-Import Bank of the United States African Union World Trade Centers Association CNBC Africa Africa24. Wamkele Mene Fifi Peters Kenneth Igbomor. Thank you Jacopo Dettoni and Danielle Myles for this opportunity. https://lnkd.in/dCByJEEU

In this article just published by my EGIC colleagues in ROME I explore the dynamism demonstrated by the Gulf economies and discuss the possibility of a currency Union among the GCC members.

What global trends must #Turkey adapt and navigate through in volatile times, and how can the nation’s export-led economy seize on #tradeopportunities? At GTR Turkey hosted in #Istanbul today, A. Burak Dağlıoğlu (Investment Office of the Presidency of the Republic of Türkiye), in conversation with event chair Dr. Riza KADILAR (K Ventures), provided a macro-analysis of finance and trade trends. From the potential for Turkey’s corporates to take advantage of emerging hotspots in global trade, to how regional businesses across Turkey can grow and meet new trade opportunities. Burak also discussed the steps Turkish lenders can take to minimise business disruption and address liquidity squeezes, as well as how exporters can maximise the value of Turkish assets like location, skilled labour, and reliable infrastructure. #GTRTurkey #ExportFinance #TradeFinance

Russia and Lebanon – The 2023-24 Trade and Investment Dynamics As Lebanon grapples with economic recovery in the wake of its financial crisis, and Russia continues to extend its influence in the Middle East, trade and investment interactions are coming into a new focus. Energy, agriculture, and technology in Russia are a potential market and collaboration space in Lebanon, given its strategic location and ongoing economic reforms. In turn, Lebanon can benefit from Russia’s technological advancements and investments. Find out more: https://ow.ly/emar50Q5jRI #MiddleEastBriefing #Russia #Lebanon #Trade #Investment