Eastern Europe / News

Russian real estate tycoon and owner of O1 Properties Boris Mints to quit market

bne IntelliNews March 6, 2018

One the largest owners of A-class commercial real estate in Moscow O1 Properties of Boris Mints will quit the market and sell the assets to Laysa Group affiliated with Russian Railways. Mints was also a major shareholder in the Garden Ring banks

Chinese loans hike risk of debt distress in Central Asia

bne IntelliNews March 5, 2018

Loans taken out under One Belt One Road initiative will force up debt levels in vulnerable countries, says Center for Global Development.

Ukraine maintains gas transit to Europe despite new gas war with Russia

Ben Aris in Berlin March 5, 2018

Ukraine cuts consumption to avoid shortages, while gas transit is unaffected.

Analysts rate Aeroflot a 'buy' again

Ben Aris in Berlin March 5, 2018

State-controlled carrier seen as over the worst and able to raise profits and dividends.

Russia-Ukraine gas war restarts as Gazprom cancels contracts with Naftogaz

Ben Aris in Berlin March 2, 2018

A day after Gazprom was due to resume gas deliveries to Ukraine after a nearly three-year hiatus, Russia’s gas monopolist has thrown down the gauntlet, saying it will cancel its gas supply deal.

Russian InfoWatch cybersecurity plans $7mn bonds

bne IntelliNews March 2, 2018

Leading Russian technology company InfoWatch that develops information protection solutions, plans to issue two-year bonds worth a total of RUB400mb ($7mn)

Russian IT major IBS prepares $100mn IPO

bne IntelliNews March 2, 2018

Russian IBS IT Services plans to raise over $100mn at an IPO on Moscow Exchange (MOEX) to develop business solutions and consulting segments, Bloomberg and Vedomosti daily reported on March 1 citing unnamed sources.

Ukraine's Poroshenko "will not allow anybody to dictate something" to Kyiv during talks with IMF

bne IntelliNews March 1, 2018

Ukraine’s relation to its main donor, the International Monetary Fund (IMF), should be based on “joint compromise agreements,” President Petro Poroshenko said, as the Rada gets ready to vote in a new NBU governor.

Gazprom must pay Ukraine's Naftogaz $2.5bn after arbitration decisions

bne IntelliNews March 1, 2018

Ukraine wins four-year legal battle over Gazprom's failure to supply gas.

Russia's Sberbank posts whopping 40% gain in profits to $13bn in 2017

bne IntelliNews February 28, 2018

Russia's largest bank Sberbank reported IFRS net profit increase of 38% year-on-year to RUB748.7bn ($13.3bn) in 2017 or RUB34.58 per ordinary share, the bank said on February 28. The annualized return on equity (ROE) reached 24.2%

The Russian ICO frenzy continues

bne IntelliNews February 28, 2018

More than 130 ICOs and pre-ICOs were conducted by companies with Russian roots in 2017, some 10% of the global numbers, according to new data from ICObench and EWDN.

Kazakhstan bans speaking Russian in cabinet meetings

Kanat Shaku in Almaty February 28, 2018

With moves already under way to phase out the Cyrillic alphabet, the Kazakhs, unsettled by Moscow’s annexation of Crimea, are sending out a statement asserting their statehood.

Ukraine's Tymoshenko attacks central bank governor candidate Smolii

Sergey Kuznetsov in Kyiv February 26, 2018

Former Ukrainian prime minister Yulia Tymoshenko said Yakiv Smolii's candidature as governor of the National Bank of Ukraine was "unacceptable".

Who will be the winner from the Norilsk Nickel Russian roulette game?

Ben Aris in Berlin February 26, 2018

Presidential elections are less than a month away so it's a strange time for Russia’s top oligarchs to be showing off how rich they are, but that is what is happening in the escalating fight for control of metals giant Norilsk Nickel.

Opposition activist Alexei Navalny will spend Russia's presidential elections in jail

Ben Aris in Berlin February 23, 2018

Navalny and his chief of staff have been detained for 30 days, taking them out of circulation for the March 18 presidential elections.

Belarus raises $600mn via Eurobond placement with 6.2% coupon

bne IntelliNews February 22, 2018

Belarus tapped the international debt market on February 21 for the first time this year with a new $600mn Eurobond

Russia, Ukraine still ranked as the most corrupt in Europe by Transparency International

bne IntelliNews February 22, 2018

There were some very public arrests and jailings in Russia in 2017, but they had little impact on the TI Corruption Perception index ranking. Ukraine has also failed to make real progress.