More clashes break out between former Soviet republics

Tajikistan and Kyrgyzstan blame each other for the renewed cross-border skirmishes Border guards from Tajikistan and Kyrgyzstan once again exchanged fire on Friday morning, following an escalation of tensions earlier in the week.

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EU set for recession – ex-ECB chief

An economic downturn in the region will take hold by year-end, Mario Draghi has warned The European Union will likely plunge into recession by the end of the year, former Italian prime minister and European Central Bank (ECB) president Mario Draghi has told the Financial Times.

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EU sharply upgrades Russian economy forecast

The European Commission (EC) has substantially raised its growth projection for the Russian economy this year, issuing revised figures in its Autumn 2023 Economic Forecast released on Wednesday. Russia’s economy is set to rebound on the back of “stronger-than-earlier expected domestic demand underpinned by fiscal stimulus,” according to the EC.

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