Eastern Europe / News

Russia says it is willing to sell its disputed $3bn Ukrainian bond

bne IntelliNews November 19, 2017

In what could be seen as a peace offering, Russia said it was ready for an out-of-court settlement and the sale of the Eurobond.

Geely's Belarus car plant begins series production

bne IntelliNews November 19, 2017

The first mass-produced Belarusian cars rolled off the assembly line at the new Chinese-based BelGee car plant on November 17.

Russian steelmakers beat a retreat from Ukraine

Sergei Kuznetsov in Kyiv November 17, 2017

Severstal, Rusal and Evraz have sold a significant part of their Ukraine assets as the breach between Kyiv and Moscow grows ever deeper.

Russian internet major Yandex plans to IPO Yandex.Taxi

bne IntelliNews November 17, 2017

In July Yandex and Uber agreed to join forces in Russia, Armenia, Azerbaijan, Belarus, Georgia and Kazakhstan.

Foreigners' share of Russian bonds at all-time high, CBR says

bne IntelliNews November 17, 2017

The share of foreign investments in rouble-denominated OFZ bonds has reached 33.2%, but central bank governor Elvira Nabiullina expects foreign investors to be replaced by local buyers as yields stabilise.

European Parliament recommends deepening Eastern Partnership with Georgia, Moldova and Ukraine

bne IntelliNews November 16, 2017

MEPs want to reward reforms by Eastern Partnership countries by allowing them to join EU customs union, energy union or even Schengen area.

Court seizes Mints assets at FC Otrkitie trial

bne IntelliNews November 15, 2017

Moscow's arbitration court has seized the assets of property developer О1 Properties, owned by entrepreneur Boris Mints, as part of the cleaning up of ailing lender Financial Corporation Otkritie.

"Oil Czar" Sechin defies court in hearing over former economy minister

bne IntelliNews November 14, 2017

Igor Sechin, influential head of Russia's largest oil company Rosneft, has ignored a court order to testify as a key witness at the trial of Alexei Ulyukayev.

President Trump sparks storm with comments about Russia at Apec

bne IntelliNews November 13, 2017

Trump reiterates desire to improve relations with Moscow and downplays Kremlin involvement in US elections.

Ukraine's suspended tax chief Nasirov case takes a step closer to trial

bne IntelliNews November 13, 2017

The Specialised Anti-Corruption Prosecutor's Office of Ukraine (SAPO) has sent to court an indictment against Roman Nasirov, the suspended head of Ukraine's State Fiscal Service taking another step towards starting a trial of the official

Turkey says purchase of Russian S-400 missile system completed

bne IntelliNews November 13, 2017

Despite scepticism over whether the Nato member country would really go through with the acquisition, Ankara says it has done so. Word on whether the transaction infringes US sanctions directed at Russia now awaited.

Ukraine parliament adopts new privatisation bill in first reading

bne IntelliNews November 10, 2017

Ukraine's parliament, the Verkhovna Rada, has adopted in the first reading a new bill on the privatisation of state-owned enterprises, which should re-start the stalled privatisation drive in the war-torn country.

Moody’s publishes a positive credit opinion on Russia's International Investment Bank

bne IntelliNews November 10, 2017

Moody’s gives International Investment Bank (IIB) a shot in the arm with a credit opinion as the development bank continues to reinvent itself.

Russian internet advertising beats TV first time in 20 years

bne IntelliNews November 10, 2017

Total spending on Internet advertising in Russia was more than spending on TV advertising for the first time ever in January-September 2017.

Russian tourism market recovers fast to pre-crisis volumes

bne IntelliNews November 9, 2017

The number of Russians holidaying abroad has recovered and has almost passed its pre-crisis peak. In January-June 17.1mn Russian tourists went abroad, up by 30% year-on-year, Rosstat reported on November 8.

Higher exports and investment push first-half growth in all EBRD countries bar two

bne IntelliNews November 7, 2017

EBRD markedly hikes its forecasts for economic growth in Emerging Europe after assessing the arrival of expansion that is so strong that it is already running up against structural constraints.

What the “Paradise Papers” missed: the Kremlin tech investment portfolio

Adrien Henni in Moscow November 7, 2017

Russian tech whizz Yuri Milner got "hundreds of millions of dollars" from the Kremlin to invest into Twitter and Facebook, but what the reporting misses is the Kremlin investments in a wide range of tech household names.

Retired Turkish general reckons odds of Ankara acquiring Russian S-400 missile system “even less than 10%”

bne IntelliNews November 3, 2017

Though Russia's Rostec says the deal has been arranged at more than $2bn and Turkish president states a down payment has been made, observers still foresee Nato member Turkey backtracking.

Russian government officials could be charged for US election hacking

bne IntelliNews November 2, 2017

The US Department of Justice is investigating six Russians government officials over hacking and meddling in the 2016 US presidential elections

Cleaning up Russia's banking sector will take up to two years, central banker says

bne IntelliNews November 2, 2017

The regulator has revoked the licenses of about 350 lenders over the last four years bringing the number of banks in Russia to about 600