News

Sea to engulf Albania’s second and third cities in a +2°C world

bne IntelliNews November 22, 2017

Projections show that Albania would be worse affected than its neighbours along the eastern Adriatic should global warming melt icecaps.

UPDATED: "Butcher of Bosnia" Mladic sentenced to life in jail for Srebrenica genocide

Denitsa Koseva in Sofia November 22, 2017

Wartime commander of Bosnian Serb forces removed from courtroom after angry outburst before judge issues life sentence for massacre of 8,000 Bosnian Muslim men and boys.

Czech president says Russian sanctions must end

Robert Anderson in Prague November 22, 2017

Milos Zeman once again broke ranks with other European leaders and the Czech government by visiting Russian President Vladimir Putin and calling for sanctions to be dropped.

Turkish lira slides towards 4 to the dollar as analysts fear for central bank’s independence

bne IntelliNews November 22, 2017

Regulator’s moderate veiled tightening in the face of the currency’s descent described as “a complete joke” by one analyst.

IMF urges Bosnia to complete pledged reforms within weeks to keep loan deal

Denitsa Koseva in Sofia November 22, 2017

Bosnia desperately needs IMF funds but political disagreements have frozen key reforms for months and the fund put its three-year stand-by agreement on hold in January.

Romanian anti-corruption prosecutors freeze assets of ruling party leader

Iulian Ernst in Bucharest November 22, 2017

€28mn worth of assets frozen as prosecutors probe PSD leader Liviu Dragnea in connection to money siphoned off from EU-funded road rehabilitation projects.

Fizz goes out of Turkmenistan for Coca-Cola as ‘currency woes halt production’

bne IntelliNews November 21, 2017

Only bottles of Coke now available in remote Central Asian republic have doubled in price, with company reportedly overcome by forex conversion difficulties.

Cannabis plantations almost wiped out in Albania

bne IntelliNews November 21, 2017

Albania's cannabis industry is dying, says Prime Minister Edi Rama as he appeals to EU counterparts to help Tirana progress towards accession.

CMEC starts building $610mn thermal power unit at Serbia's Kostalac

bne IntelliNews November 21, 2017

The largest investment in Serbia's energy sector in three decades gets underway as Belgrade seeks to deepen economic cooperation with China.

CEO of Mongolia’s SouthGobi coal producer arrested in Chinese loan fraud investigation

bne IntelliNews November 21, 2017

Company’s share price on Hong Kong index at lowest level in a year as it initiates internal investigation.

EU’s Hahn says Macedonia should complete critical reforms to start accession talks

bne IntelliNews November 21, 2017

Commissioner gets a warm welcome in Skopje where the new government is seeking to revive the long-stalled accession process and has already initiated reforms.

Soros rebuts Hungarian government smear campaign in rare retaliation

bne IntelliNews November 20, 2017

Hungarian-born financier rips apart Orban government's "nationwide consultation" on Soros plan to flood Europe with refugees.

Erdogan’s monetary feud and rows with West push Turkish lira back through 3.90

bne IntelliNews November 20, 2017

Analyst says Turkey’s policy makers “seem to be in denial” as president renews unorthodox demands for low rates.

Romania’s ruling PSD claims “parallel and illegitimate state” is trying to seize power

Carmen Simion in Bucharest November 20, 2017

Conspiracy theory — apparently referring to Romania’s anti-corruption agency — divides party, with influential PSD MEPs accusing party leader Liviu Dragnea of losing touch with reality and battling an imaginary enemy.

Moldovan Socialists fail to oust Chisinau mayor in referendum

Iulian Ernst in Bucharest November 20, 2017

Dorin Chirtoaca, a perennial thorn in the side of Socialist President Igor Dodon, held onto his position despite being under house arrest in a corruption case as Chisinau voters remained firm in their pro-EU stance.

Kyrgyz MPs pass amendments permitting Centerra Gold glacier operations

Kanat Shaku in Almaty November 20, 2017

Canada-based miner, long involved in environmental and profit-sharing disputes over its operations in Kyrgyzstan, gets the go-ahead to mine Davidov and Lysyi sites.

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.

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