Saturday, July 18, 2026 The English edition of ostwirtschaft.de Newsletter
Eastern Economy.
Economic intelligence on Eastern Europe, the Caucasus & Central Asia
The Turkish Vestel Group is beginning to restructure its Eurobond. At the same time, discussions are underway with banks, and new lira-denominated bonds are being issued.
July 17, 2026
Russia Economic Briefing
In partnership with the German-Russian Chamber of Commerce (Deutsch-Russische Auslandshandelskammer)
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The Russian banking sector remains profitable, but is struggling with an increase in non-performing loans, sanctions, and the decline of small banks.
July 14, 2026

Data & Tools

Economic Terminals
Live FX, inflation, key rates, GDP and Sapir productive-sector data for 13 countries — updated hourly.
Russia Media Digest
What Kommersant, RBC and Vedomosti report — summarized in English every morning, plus a live wire.
Regional Business Wires
Curated economy-only headlines from Central Asia, the Caucasus and Central Europe — in English.
Compare Economies
120 head-to-head country comparisons: GDP, rates, inflation, productive sectors at PPP.
Russia Budget Calculator
Set the oil price and ruble rate, see the deficit — built on the 2026 budget law.

Latest Analysis

Russia's Banks: Record Profits, Credit Crisis, and Bank Closures
The Russian banking sector remains profitable, but is struggling with an increase in non-performing loans, sanctions, and the decline of small banks.
July 14, 2026
Tusk Bets on Offshore Wind Power for AI Centers
Poland's offshore expansion begins with Baltic Power. In the future, wind energy is expected to support data centers, artificial intelligence, and the energy transition.
July 13, 2026
Europe's Billion-Euro Initiative in the South Caucasus
The EU is focusing on connectivity rather than traditional development aid—and opening up new opportunities for infrastructure, logistics, and businesses.
July 13, 2026
Uzbekistan Eliminated: The Loss That Feels Like a Victory
After three losses at the World Cup in North America, Uzbekistan was eliminated as the last-place team in its group.
July 9, 2026
Iraqi Airways Launches Direct Flights Between Basra and Baku
New flight route between Iraq and Azerbaijan: Iraqi Airways is connecting Basra directly with the capital, Baku, for the first time.
July 9, 2026
EBRD: NPL Ratio in Eastern Europe Reaches Record Low
Despite stable banks, the non-performing loan ratio in Eastern Europe has fallen to 1.86%. The construction and real estate sectors, in particular, remain high-risk sectors.
July 9, 2026
Lithuania and Poland Plan Joint AI Gigafactory
Europe is expanding its AI capabilities: Lithuania and Poland are jointly submitting a proposal for a new AI gigafactory.
July 9, 2026
What Really Counts in Caucasus Logistics: An Interview with Noytech's Perry Neumann
Noytech's Perry Neumann on corridors, bottlenecks and the reality behind the grand infrastructure visions of the South Caucasus. An interview by Thomas Baier.
July 8, 2026
Turkish IPO Market Reaches 24.6 Billion TRY in the First Half of the Year
According to an analysis by Matriks Haber, a total of 16 companies began trading on the Borsa Istanbul in the first half of 2026, generating…
July 7, 2026
KD
The Chronicles
Klaus Dormann
One of the leading chroniclers of the Russian economy — tracking industry, trade and finance for decades, from Ruhrgas and E.ON to today's sanctions economy.
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Steppe Ahead

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The Central Asia column by Thorsten Gutmann, accompanying the Steppe Ahead podcast.

Caucasus Column

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Perspectives on the economies of the South Caucasus.