News

US diplomat tells Serbia to “pick a chair”

bne IntelliNews October 25, 2017

Hackles raised as diplomat uses old Serbian proverb to imply Belgrade must abandon balancing act and choose between EU and Russia.

Hungary's central bank hints at more easing to come

bne IntelliNews October 25, 2017

MNB keeps its key interest rate on hold leaving the door open for further monetary easing, which will hinge on the outcome of the ECB meeting on October 26.

EBRD approves first Uzbek projects since 2007, plans to open Uzbek office in November

bne IntelliNews October 25, 2017

Development bank back in Uzbekistan with financing as President Mirziyoyev continues with reforms deemed attractive to investors and required for an economic upsurge.

Move against “social dumping” of Eastern European workers may feed anti-EU feelings, warns Czech minister

bne IntelliNews October 25, 2017

Michaela Marksova spoke out after EU ministers gathered in Luxembourg dealt with French concerns over “posted” cheap foreign labour, agreeing to substantially tighten rules on migrant workers.

Moldova's new defence minister sworn in

Carmen Simion in Bucharest October 25, 2017

Eugen Sturza takes office amid rising conflict between pro-Russian President Igor Dodon, who is temporary suspended, and the pro-EU government.

Ukrainian court rules to return Ukrtelecom to state ownership

bne IntelliNews October 24, 2017

Kyiv Economic Court ruled to cancel the sale of a 92.8% stake in Ukrtelecom which is now controlled by oligarch Rinat Akhmetov, but analysts believe there is a good chance of winning an appeal against the ruling.

Babis faces struggle to assemble coalition despite runaway election win

bne IntelliNews October 24, 2017

bne IntelliNews looks at the billionaire populist's options for forming a government after his Ano party's victory in the Czech general election.

Russian En+ valued at $7-$8.5bn ahead of IPO

bne IntelliNews October 24, 2017

The IPO of the major metals and energy player on the London Stock Exchange has been hotly anticipated.

Iran clamping down on app courier firms carrying disguised alcohol

bne IntelliNews October 23, 2017

Bootleg traders said to be distributing wares via motorbike delivery services, Iraqi Kurdistan known to be big source of illicit booze.

Montenegro to explore options for troubled flag carrier

Denitsa Koseva in Sofia October 23, 2017

Government plans to analyse Montenegro Airlines' operations as it questions whether the carrier can become stable again and operate without accumulating new debt.

Ex-football star Kaladze made Tbilisi mayor as Georgian Dream sweeps local elections

bne IntelliNews October 23, 2017

Victory in capital centrepiece of dominant performance from ruling centre-left party, which won all five of Georgia's most important mayoral races.

Political unknown forces second round in Slovenian presidential election

bne IntelliNews October 23, 2017

Slovenia's "Instagram king" Borut Pahor is still expected to win a second term as president, but will face former comedian in runoff.

Czech President Zeman to name Babis PM despite EU subsidy fraud charge

bne IntelliNews October 22, 2017

Head of state does not see unresolved allegations as obstacle to making billionaire and fellow populist prime minister, but most potential coalition partners say they don’t want him in the cabinet.

Russian monthly equity wrap: high oil price pushes market up

Ben Aris in Berlin October 22, 2017

September’s trading was influenced by higher oil prices and the appreciating ruble, which was particularly supportive of oil and gas names led by Lukoil and Novatek.

Obuv Rossii raises $105mn in IPO

bne IntelliNews October 22, 2017

Shoemaker's debut on Moscow stock exchange demonstrates that the Russian equity market is alive and well and not reserved for energy and industry heavyweights.

Populist Ano scores heavy victory in Czech election, far right takes 11% of vote

bne IntelliNews October 21, 2017

Liberal, pro-EU parties left in weak position by vote which gives billionaire Andrej Babis choice of a strong minority government or coalition arrangement with one or two of several potential partners.

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