Baltic States

Latvia’s anti-corruption bureau seeks charges against central bank governor Rimsevics

bne IntelliNews June 19, 2018

Rimsevics has been suspended since February when the investigation, concerning a bribe of over €100,000, was launched.

Romania reports highest quarterly employment growth in the EU in first quarter

bne IntelliNews June 13, 2018

Eurostat figures confirm Romania is following the same path as its northern neighbours in CEE, whose labour markets have tightened dramatically.

ALACO DISPATCHES: Can Latvia clean up its troubled banking sector?

Yigal Chazan of Alaco June 13, 2018

US pressure prompts anti-money laundering measures but also exposes the limitations of European regulatory oversight.

Eurasians come in from the (financial) cold

Clare Nuttall in Bucharest June 1, 2018

New data shows soaring numbers of adults with a bank account in several Eurasian nations but the percentage of the population with an account in the wider region varied hugely from 98% in Estonia and Slovenia to just 29% in Azerbaijan.

Domestic violence treaty rattles governments across Eastern Europe

Clare Nuttall in Bucharest with additional reporting from Denitsa Koseva in Sofia May 31, 2018

The Istanbul Convention has angered conservatives in numerous Central and East European countries, whose antipathy to “gender ideology” has led to high-level political battles as governments that have signed up to the convention attempt to ratify it.

Eesti Energia buys Nelja Energia in one of Estonia's largest ever deals

Wojciech Kosc in Warsaw May 31, 2018

Acquisition of renewables company will help Estonian state power utility achieve its goal of boosting the share of electricity from renewable and alternative sources to 40% by 2022.

CEE faces massive cuts in EU cohesion spending

Wojciech Kosc in Warsaw May 30, 2018

Warsaw says changes that will see Poland losing €19.5bn in EU funding in 2021-2027 are “unacceptable”, as Brussels shifts focus from GDP per capita to youth unemployment, climate and integration of migrants.

Gazprom escapes EU fine in antitrust probe over market position in CEE

Wojciech Kosc in Warsaw May 24, 2018

The Russian gas giant will not be fined for abusing its market dominance in CEE after seven-year probe, but will have to comply with EU rules ensuring a more competitive gas market in the region.