|
The investment lessons of the Bashneft-Russneft merger,
24 Feb 2010
|
Energy |
|
|
How to understand Russia’s inventory cycle,
Christopher Granville,
Irina Lebedeva,
11 Feb 2010
Inventory falls do not explain the 2009 recession, and inventory expansion will not drive the 2010 recovery – which will fall short of consensus expectations |
Macro policy |
|
|
Listening to Magnit’s Galitsky on Russia’s food retail regulation,
8 Feb 2010
|
Brief Notes |
|
|
The Putin-Medvedev tandem at mid-term,
Christopher Granville,
19 Jan 2010
Political risk tilts to the upside as Medvedev heads for a second term |
Politics/governance |
|
|
Ukraine: It’s Russia or bust,
Christopher Granville,
Irina Lebedeva,
18 Dec 2009
Ukraine’s politics have left it dependent on a bailout from a neighbour with ulterior motives |
Other FSU markets |
|
|
Gazprom and the European gas market crunch,
11 Dec 2009
|
Energy |
|
|
The importance of imprisoning corrupt officials,
Christopher Granville,
Jan Cleave,
16 Nov 2009
Property developers are clear direct winners from the clampdown on the state mafia |
Politics/governance |
|
|
The importance of imprisoning corrupt officials: Appendix,
Christopher Granville,
Jan Cleave,
16 Nov 2009
|
Politics/governance |
|
|
A new reason to buy Russian oil stocks,
Christopher Granville,
Jan Cleave,
4 Nov 2009
Gas sector demonopolization: The time has now come for this reform |
Energy |
|
|
The prospect of improved financial policy,
Christopher Granville,
Irina Lebedeva,
16 Oct 2009
To monitor this major crisis-driven opportunity, watch for trends in domestic government bond issuance |
Macro policy |
|
Ruble to trend weaker through 2010,
Christopher Granville,
Irina Lebedeva,
23 Sep 2009
The government’s forecast looks sounder than most analyst predictions |
Macro policy |
|
|
BELARUS: Opportunities from asset sales under duress,
Christopher Granville,
Tatiana Fazio,
3 Sep 2009
Crisis-driven privatisations will benefit Russian companies in exchange for continued financing from Moscow |
Other FSU markets |
|
|
Russia’s fiscal stimulus offers a one-year consumer play,
Christopher Granville,
Irina Lebedeva,
25 Aug 2009
The sustainability problem stems from political blockages to stimulating investment |
Macro policy |
|
|
Bank solvency and lending – not so gloomy,
Christopher Granville,
12 Aug 2009
The role of bank recapitalisations in loan growth is widely misunderstood |
Financial |
|
|
Food retail wins the trade law battle,
Christopher Granville,
Jan Cleave,
29 Jul 2009
Originally an anti-retail initiative, the new trade law turns out to be beneficial for retailers, especially Magnit |
Agriculture/food |
|
|
Ukraine: Falling into a fiscal hole,
Christopher Granville,
Alejandro Tamola,
10 Jul 2009
Ukrainian sovereign debt is now an attractive moral hazard trade |
Other FSU markets |
|
|
Ukraine: It’s the constitution, stupid,
Christopher Granville,
Alejandro Tamola,
26 May 2009
A new perspective for spotting and exploiting mis-pricing in Ukrainian markets |
Other FSU markets |
|
|
The benefits of rising unemployment,
Christopher Granville,
Jan Cleave,
21 May 2009
Traditional wage flexibility is now supplemented by productivity-enhancing downsizing |
Macro policy |
|
|
A bet on pensions,
Christopher Granville,
Jan Cleave,
1 May 2009
A practical key to reducing market volatility and broader country risk |
Financial |
|
|
Russia: The rewards of patience,
Amy Boone,
2 Apr 2009
Public attitudes towards the authorities underscore the emergence of a stable nation state |
Politics/governance |
|
|
Georgia: Facing the global crisis,
Amy Boone,
Tatiana Fazio,
13 Mar 2009
Georgia becomes a ward of international donors, but that may be counted an achievement |
Other FSU markets |
|
|
Ukraine: Inadequate bank restructuring effort,
Alejandro Tamola,
Amy Boone,
4 Mar 2009
Why the government’s approach will fail and how this failure will play out |
Other FSU markets |
|
|
New SEZs prove their worth,
Jan Cleave,
Christopher Granville,
23 Feb 2009
The ‘demonstration effect’ of nurseries for direct investment |
Macro policy |
|
|
Corruption and the crisis,
Christopher Granville,
Jan Cleave,
11 Feb 2009
Medvedev profits from past experience in taking on the state mafia |
Politics/governance |
|
|
Judicial reform in the light of the crisis,
Christopher Granville,
Amy Boone,
12 Dec 2008
A cup always half-empty and half-full – but Medvedev has turned on the right tap |
Politics/governance |
