News

Mongolian presidential campaign nothing if not negative

bne IntelliNews June 23, 2017

Favourite and main challenger are both entangled in allegations of flagrant corruption ahead of June 26 presidential vote.

Polish coalmining enjoys its good times while they last

Wojciech Kosc in Warsaw June 23, 2017

The largely positive market environment, together with financial restructuring, have enabled Polish miners to turn in decent results in the first quarter.

US-Russia tensions soar with sanctions and aerial brinkmanship

bne IntelliNews June 23, 2017

Military and political tensions are rising between Russia and the US/Nato with a series of incidents involving warplanes and military manoeuvres in the Baltic region.

New Macedonian government to strip "luxuries" from 2017 budget

Valentina Dimitrievska in Skopje June 23, 2017

SDSM-led government says conservative VMRO-DPMNE party planned to spend money on expensive furniture and luxury travel.

Mytaxi buys Clever Tech to take on Uber in Romania

bne IntelliNews June 23, 2017

Daimler's Mytaxi continues to strengthen position on European market with purchase of Romanian taxi-hailing app developer Clever Tech.

Turkish PM issues 'final' ultimatum to banks to cut rates

bne IntelliNews June 22, 2017

Turkish Prime Minister Binali Yildirim said the government will "take measures" if lenders refuse to ease interest rates.

A Pew poll finds conservative attitudes still rule in CEE

Ben Aris in Berlin June 22, 2017

A poll by Pew Research found that attitudes to both democracy and homosexuality remain very conservative in Central and Eastern Europe (CEE), including among the young.

Moldovan court sentences businessman Shor in $1bn bank fraud case

Iulian Ernst in Bucharest June 22, 2017

Shor becomes third person to be sentenced over frauds that cost Moldova more than 10% of its GDP.

Slovenian activists to force referendum on €1.4bn Koper-Divaca railway expansion

bne IntelliNews June 22, 2017

Project to expand line between Adriatic port and inland rail hub Divaca becomes hot political issue ahead of 2018 general election.

Romania’s ruling coalition overthrows dissident PM

Iulian Ernst in Bucharest June 21, 2017

Ruling PSD ousts its own prime minister, Sorin Grindeanu, in a confidence vote and is expected to appoint a low-profile candidate who will act as a proxy for its leader, Liviu Dragnea.

Ukraine sees "strong support" from US, Poroshenko says after Trump meeting

bne IntelliNews June 21, 2017

President says US to continue backing Ukraine's reforms, as well as its sovereignty, territorial integrity and independence.

Russia places $3bn Eurobond to high demand

bne IntelliNews June 21, 2017

Demand flies in face of current US moves to significantly broaden Russia sanctions imposed in 2014.

Profits quadruple at Al Breach hedge fund

Jason Corcoran in Moscow June 21, 2017

Emerging market investment start-up posted a profit of £1.378mn ($1.75mn) last year compared with £361,171 in 2015.

Total resolves to “risk” $1bn on Iran’s South Pars, part of world’s biggest gas field

bne IntelliNews June 20, 2017

Despite threat of renewed US sanctions hanging over Tehran, French major set to invest in developing giant Persian Gulf gas resource.

Transnistria devaluates currency by 25%

Iulian Ernst in Bucharest June 20, 2017

Separatist republic's central bank governor blames his predecessor's monetary expansion and Moldovan decision to cut electricity imports.

Bell says no deal done yet to sell Czechs 12 military helicopters

Nicholas Watson in Prague June 19, 2017

Contrary to the opinion of some Czech MPs, the government tender to buy 12 multi-role helicopters is not a done deal in favour of Bell Helicopter. In fact, politics could intrude with elections set for October 20-21.

Russia’s Rosatom selling 49% in $20bn Akkuyu nuclear project to Turks

bne IntelliNews June 19, 2017

Russian state atomic energy corporation set to sign preliminary deal to sell stake in nuclear project Turkey badly needs to cut costs of imported energy.

Azerbaijani state rail operator mulls debt restructuring

bne IntelliNews June 19, 2017

The national railways company is seeking a financial adviser on financing and refinancing amid growing anxiety over outstanding debt in Azerbaijan.

Erdogan slams Washington brawl arrest warrants for security guards

bne IntelliNews June 16, 2017

Turkish president says Ankara will fight legally and politically against decision, US says move sends a clear message.

Serbia to get first female, first openly gay PM

bne IntelliNews June 16, 2017

President Vucic sends strong message of Serbia's commitment to liberal democracy and EU accession with selection of Ana Brnabic as his successor.

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