Eurasia / News

Azerbaijan makes territorial gains in Nakhchivan as fighting with Armenia flares

bne IntelliNews June 20, 2018

The Azerbaijani army has made substantial territorial gains in the enclave of Nakhchivan, taking 11,000 hectares of land from Armenia, the defence ministry in Baku announced in a video posted on its website on June 20.

France's finance minister concedes many French firms “won’t be able to stay" in sanctions-hit Iran

bne IntelliNews June 20, 2018

Commitment of EU’s major powers to salvaging nuclear deal starting to look rather feeble.

Kyrgyzstan detains another ex-PM on corruption charges

Kanat Shaku in Almaty June 19, 2018

Observers see move as another development in President Jeenbekov’s struggle to purge the influence of his predecessor Atambayev.

Iranian bourses on record bull run as investors strive to anchor assets amid economic slide

bne IntelliNews June 18, 2018

As the nuclear deal threatens to entirely unravel, stable assets are in short supply forcing many investors to take a punt on shares.

Bread sellers demand passports as Turkmenistan’s economic crisis goes from bad to worse

Kanat Shaku in Almaty June 18, 2018

Remote nation’s economy has long been known as a basket case but with observers now placing it on “hyperinflation watch” the situation is beyond dire.

Economic stress in Iran sparks fast-growing “I won’t buy” social media campaign

bne IntelliNews June 17, 2018

Government price-fixing measures fail to stop big hikes in the cost of living as US sanctions on horizon start to take an inflationary toll.

Georgian Dream nominates acting finance minister Bakhtadze to be next PM

bne IntelliNews June 14, 2018

Likely successor to Giorgi Kvirikashvili declares his administration would achieve Georgia's Euro-Atlantic dream.

Georgian PM resigns after failing to calm street protests

bne IntelliNews June 13, 2018

Two weeks of protests have put Giorgi Kvirikashvili under heavy pressure to stand down but his departure seems to have been finally precipitated by a disagreement with his predecessor Bidzina Ivanishvili, who recently returned to politics.

CEE/CIS economies at risk from high corporate indebtedness

Clare Nuttall in Bucharest June 13, 2018

EBRD economist highlights sharp rise in corporate indebtedness especially in foreign currencies, putting economies at risk from a currency depreciation or growth slowdown.

Azerbaijan’s ambition to send gas to Europe step nearer as Turkey launches TANAP

bne IntelliNews June 12, 2018

Pipeline to help EU diversify away from over-reliance on Russian gas as part of 3,500-km corridor.

Kazakhstan among nations cheering SCO’s ‘victory’ over the G7

Kanat Shaku in Almaty June 12, 2018

Astana has $13bn of deals to celebrate but summit again showed Russia and China’s struggle for influence in the ‘Stans’ is far from settled.

Iran’s rial languishes with no sign of credible nuclear deal rescue from Europe

bne IntelliNews June 12, 2018

Ordinary Iranians discover the now-banned unofficial exchange market lives on in back offices, but the rates are punishing.

Back-to-work Iran confronted by darkening nuclear deal horizons

bne IntelliNews June 6, 2018

Despite news of Europe sending a formal request to the US for sanctions waivers, there is little good news from the effort to salvage the accord.

CEE monthly bond wrap: dead as a Dodo

bne IntelliNews June 6, 2018

Bond markets in Eastern Europe were as dead as the proverbial Dodo in May, continuing the slowdown already seen after the US imposed new sanctions on Russia in April.

Eurasian commodities exporters at risk from China deleveraging

Clare Nuttall in Bucharest June 6, 2018

Rating agency Fitch forecasts Beijing's deleveraging efforts will slow Chinese GDP growth, with a negative impact on countries that supply the Asian economic giant with raw materials.

Protests over murdered teenager gather momentum in Georgia

bne IntelliNews June 2, 2018

Pressure on the Georgian government is growing as thousands join rallies to demand justice for David Saralidze who was killed in a brawl outside his school.

Uzbekistan to buy out General Motors’ stake in GM Uzbekistan

Kanat Shaku in Almaty. June 1, 2018

State reportedly to take full ownership of flagship automaker described by president as failing to create jobs and unprofitable.

Tehran property market sees strong gains as Iranians shelter from collapsing rial

bne IntelliNews May 31, 2018

As economic jitters amid US hostility spread, people looking for safer assets turn to real estate.

Former Kyrgyz PM hit with power station corruption charges

bne IntelliNews May 31, 2018

Move will fuel suspicions among opponents of President Jeenbekov that he is intent on consolidating his power by purging allies of his predecessor.

Three-day Aral Sea salt storm hits Uzbek and Turkmen agriculture

bne IntelliNews May 30, 2018

Tempest sucks up dried-out parts of the former water mass, poisons crops and hits livestock herds.