Eastern Europe / News

Russian bank Otkritie significantly reduces its holding of Russia 2030 Eurobonds

bne IntelliNews August 18, 2017

Russian bank Otkritie significantly reduces its holding of Russia 2030 Eurobonds

Two in five Russians (39%) are teetotalers

bne IntelliNews August 17, 2017

Two in five Russians (39%) are teetotalers, according to a survey by (the state owned pollster, the Russian Public Opinion Research Centre (VTsIOM).

Belarus government plans to spend $3.5bn to support machine building

bne IntelliNews August 16, 2017

The Belarusian government plans to spend $3.5bn to support machine building over the next four years. The sector is financially unsustainable and constantly losing employees, so experts say the plan is unlikely to make a difference.

Rise in Belarus minimum wage in regions to BYN1000 by late 2019 seen leading to devaluation

bne IntelliNews August 16, 2017

Belarus president Alexander Lukashenko is on a drive to improve the quality of life for his citizens but going about it old school style. His order to raise minimum wage in regions to BYN 1000 by late 2019 could prompt devaluation

Belarus in top three holiday spots popular with Russians

bne IntelliNews August 15, 2017

Belarus is in the top three spots popular with Russian holidaymakers, according to Yandex.Money, which analyzed the countries the Russians headed to for their breaks this summer.

MOSCOW BLOG: Propensity to protest spikes as Russians worry over wages and family

Ben Aris in Berlin August 15, 2017

To Russians, wages, the economy and social policy are Russia's main challenges today, says state-owned pollster, the Russian Public Opinion Research Centre (VTsIOM), and the grinding recession has led to a dramatic jump in the propensity to protest.

Eastern Europe winter harvest yields surprise on the upside

bne IntelliNews August 14, 2017

The winter harvests in Eastern Europe are all almost in and have surprised on the upside, causing wheat prices to drop in the middle of August.

Russia's Sberbank dramatically cuts mortgage rates

bne IntelliNews August 14, 2017

Sberbank has dramatically cut mortgage rates by 0.6-2 ppts to 7.4%-10% for the primary real estate market, and to 8.9%-10% for the secondary real estate market.

Russia has the most barriers to trade for European exporters

bne IntelliNews August 14, 2017

Russia has the most barriers to trade for European exporters, according to a report from the European Commission (EC). An EC report, which is based on information from European firms, identifies 372 barriers to trade currently in use.

Russian internet giant Yandex and Sberbank team up in $0.5bn joint venture

Vadim Dumesh in Paris August 10, 2017

Joint e-commerce venture to be based on the Yandex.Market marketplace platform, but analysts are cautious given the internet company's lack of retail experience and previous failure to create a full-service e-commerce platform.

Russia central bank considers limiting companies' foreign borrowing in case of excess debt

Ben Aris in Berlin August 10, 2017

Russian banks and companies have raised around $15bn YTD from the global markets, $13bn of which was placed by companies and only $2bn by banks.

Turkey’s Anadolu, AB InBev brew up merger to take on contracting Russian, Ukrainian markets

bne IntelliNews August 9, 2017

Turkey’s leading brewer Anadolu Efes announces initial agreement with world’s largest brewer AB InBev for 50:50 merger of Russia and Ukraine businesses, new enterprise to take on beer markets suffering longstanding decline.

Poland-born reformist head of Ukraine's rail monopoly resigns

bne IntelliNews August 9, 2017

Wojciech Balczun submitted his resignation after little more than a year at the helm of Ukrzaliznytsia citing a "negative PR-campaign and even sabotage" against him.

Russia pokes Georgia in eye with Putin visit to Abkhazia on war anniversary

bne IntelliNews August 9, 2017

Russian president vows continued Kremlin military and economic support for breakaway region prompting strong statements from Tbilisi and Nato.

Stateless Saakashvili resurfaces in Poland, Georgia petitions Warsaw for extradition

bne IntelliNews August 7, 2017

Georgia's stateless former president Mikheil Saakashvili turns up in Poland to attend Warsaw Uprising commemoration, insists he will journey back to Ukraine to fight withdrawal of citizenship.

Polish passport design provokes Lithuania and Ukraine

bne IntelliNews August 3, 2017

The new design proposed by the Polish home affairs ministry features depictions of the Ukrainian city of Lviv and Lithuanian capital Vilnius.

Belarus, China mull $500mn investment fund, closer cooperation

bne IntelliNews August 3, 2017

Relations between China and Belarus continue to develop as Beijing uses the small Eastern European state as a bridgehead into Europe. The two governments are mulling setting up a $500mn investment fund and a slew of new joint ventures

Russian sanction limbo begins new chapter as Trump signs bill

bne IntelliNews August 3, 2017

US President Donald Trump has signed into law a bill imposing tougher sanctions on Russia, North Korea, and Iran, that also limits his own ability to end those sanctions, ending weeks of uncertainty and opening a new chapter in the sanction regime

CEE/CIS economic hubs face $1.3 trillion infrastructure gap

Clare Nuttall in Bucharest August 1, 2017

The region's steepest gap - of $727bn - is in Russia where inadequate infrastructure spending in recent decades has hindered economic growth.

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