News

Russians see heads of state behemoths as most successful top managers

bne IntelliNews September 26, 2018

Russians believes that country's most successful top managers are Alexei Miller of state gas giant Gazprom (10% of the respondents), the head of state-controlled Sberbank German Gref (6%), and Igor Sechin, head of oil company Rosneft.

Russian economy is quasi-feudal, antimonopoly watchdog complains

bne IntelliNews September 26, 2018

The Russian economy remains “retarded” and “quasi-feudal,” especially in less developed region, the head of the Federal Anti-monopoly Service (FAS) Igor Artemyev said in an interview

Kazakh bad loans fund sells €1.1bn in bonds, move may be linked to Tsesnabank headache

bne IntelliNews September 26, 2018

Total matches cost to state of taking soured agricultural sector loans off lender’s hands.

Russian discounted family mortgages programme to be prolonged to 2024

bne IntelliNews September 26, 2018

Russia will prolong discounted mortgages at 6% interest for families with two or more children to at least 2024, RIA Novosti reported citing the office of the deputy PM Tatyana Golikova.

Orban's private jet use causes controversy

bne IntelliNews September 26, 2018

Hungarian PM frequently used a Bombardier luxury private jet to attend football matches, trips organised by an oligarch who won a streak of lucrative state contracts.

FTSE Russell promotes Poland to league of developed markets

Wojciech Kosc in Warsaw September 26, 2018

The promotion is the first FTSE Russell has made in nearly a decade and also marks the first ever upgrade to developed status for a country located in CEE.

IRAN BLOG: Rouhani at UN – “Confronting multilateralism is … a symptom of a weakness of intellect”

Will Conroy in Prague September 25, 2018

Iranian president responds to latest Trump barbs thrown at Islamic Republic from world stage by accusing US of “economic terrorism”. White House National Security Advisor Bolton warns Tehran “if you cross us… there will be “HELL to PAY”.

EU, Russia, China say plan is on the way to shield companies from Trump’s Iran sanctions

Will Conroy in Prague September 25, 2018

Details remain scarce, but EU foreign policy chief refers to payment system to go through a special purpose vehicle. Trump administration "deeply disappointed" by the move.

Crushed: Iran’s rial sinks to 170,000 prior to Trump’s UN address

bne IntelliNews September 25, 2018

Currency started the year at 42,900, while 112,000 bought a dollar at the start of September. Year-to-date decline now 74.8%.

Russian billionaire Abramovich wants £3bn for Chelsea club

bne IntelliNews September 25, 2018

Russian billionaire Roman Abramovich reportedly is asking for £3bn for his UK Premier League football club Chelsea, having already turned down a £2.3bn offer

Prepare for snap elections ‘People’s PM’ tells Armenians

bne IntelliNews September 25, 2018

Boosted by landslide victory in Yerevan municipal poll, Nikol Pashinian moves to make post-revolution parliament more representative of the popular mood.

European Commission sues Poland for Supreme Court takeover

Wojciech Kosc in Warsaw September 25, 2018

The move will add more tension to the already strained relationship between the European Union and Poland's populist Law and Justice government.

Turkey’s business confidence index slumps to lowest level since 2009

Akin Nazli in Belgrade September 24, 2018

With the dark clouds of a deep recession gathering on the horizon, sentiment indicator falls 7% in a month.

Poroshenko regains public support ahead of Ukraine presidential election

bne IntelliNews September 24, 2018

Ukrainian President Petro Poroshenko is winning back some of the ground he lost in Ukraine’s presidential election polls and is back in the top three, according to the latest results. Poroshenko is still behind former two-time PM Tymoshenko

Resolving situation at Uljanik shipyard could cost Croatia 1% of GDP, S&P warns

bne IntelliNews September 24, 2018

Troubled shipbuilder Uljanik could face bankruptcy if it fails to find a strategic investor.

Hungary's leading mineral water producer to double production capacity

Levente Szilagyi in Budapest September 24, 2018

New plant and bottling line opened in central Hungary, as the owner of iconic brand Szentkiralyi pursues regional expansion in cooperation with sector rival Kekkuti.

PSD leader Dragnea retains control over Romania's ruling party

Iulian Ernst in Bucharest September 24, 2018

Liviu Dragnea defeated a dissident faction who sought his resignation, securing his position at the helm of Romania's ruling PSD — for now.

Rouhani, Trump set for bitter UN Assembly clash after terrorist attack on Iranian military parade

bne IntelliNews September 23, 2018

Revolutionary Guard, Nikki Haley and Rudolph Giuliani join in war of words after apparent Arab separatist terrorism. Tehran points finger at Gulf states allied to US.

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