News

“Rebalancing by anorexia”: Analyst responds to Turkey’s second straight current account surplus

Akin Nazli in Belgrade November 12, 2018

Economy swings to a positive September figure of $1.83bn from a $4.4bn deficit a year ago. Country experiencing painful hard landing.

Ukraine’s pro-Russian opposition leaders Boyko and Rabinovich merge parties

bne IntelliNews November 12, 2018

Pro-Russian politicians join forces in Opposition Platform For Life ahead of 2019 elections, but fail to secure the support of billionaire Rinat Akhmetov.

Poland celebrates independence centenary with president in front of 250,000-strong far-right march

Wojciech Kosc in Warsaw November 12, 2018

While the PiS-led and the far-right parts of the march were officially separated by a buffer zone, the government is seen as pandering to the far-right in an attempt to give the celebrations more weight.

Illegal elections held in Russian-backed Donetsk, Luhansk produce predicted outcomes

bne IntelliNews November 12, 2018

The self-declared Donetsk and Luhansk People’s Republics elected their heads of government and council members on November 11 with predictable results.

Independents won Slovakia's municipal elections, beating the ruling Smer-SD

Nelly Tomcikova in Prague November 12, 2018

Independents saw their fortunes improve in Slovakia's November 10 municipal elections. The people are fed up with the negative politics of confrontation.

The self-proclaimed Donetsk and Luhansk People’s Republics in eastern Ukraine held controversial elections

bne IntelliNews November 12, 2018

The two self proclaimed republics elected new heads of state and parliaments in a vote condemned by Kyiv and the international community.

Businessman close to Hungarian PM gains ownership of flagship construction company

bne IntelliNews November 12, 2018

Laszlo Szijj has acquired Kozgep, the construction company of former Fidesz cashier turned Orban critic Lajos Simicska, who exited his businesses interests after the April general election.

Serbia holds huge military drills amid tensions with Kosovo

bne IntelliNews November 11, 2018

The Century of Winners 1918-2018 event was intended to mark the 100th anniversary of the end of World War I, but it also looked like a show of military force aimed at Serbia's neighbour.

IPO pricing values Slovenia’s NLB at €1.03bn

Carmen Simion in Bucharest November 11, 2018

Slovenia's largest lender reports strong investor interest in second attempt at IPO after last year's flop.

My good sir, what terrors lurk in dreams of Erdogan’s “largest” airport…

Akin Nazli in Belgrade November 10, 2018

For a start—horror of horrors—it’s still far from being the world’s biggest. Then there're the worker deaths, the body in the storm drain, dirt-moving trucks running over kids and ecological hell. But let's begin with size and functionality.

Kazakhstan to get low-fare airline

Kanat Shaku in Almaty November 9, 2018

FlyArystan to ease travel in world’s ninth largest country. Domestic ambitions to be followed by move for regional flight package.

Russian Yandex.Taxi expands to Finland

bne IntelliNews November 9, 2018

Russian internet major's Yandex.Taxi online taxi ordering service will launch its operations in Helsinki under the “Yango” (short for Yandex go) brand.

Russian utility major RusHydro launches wind power plant in the Arctic

bne IntelliNews November 9, 2018

90KW plant in the remote Arctic settlement of Tiksi in the Yakutia region has to operate in temperatures of minus 50 degrees.

US opts not to sanction Iran’s Chabahar port after Indian, Afghan pressure

bne IntelliNews November 8, 2018

New Delhi is developing facility to open up trade corridor that bypasses Pakistan. Project will open gateways into Central Asia via Afghanistan and Turkmenistan.

Latvian president designates leader of New Conservative Party to form new government

Wojciech Kosc in Warsaw November 8, 2018

Elections in October resulted in a fragmented parliament with six out of seven parties that won seats currently in coalition talks.

Asia overtakes Europe as Russian Rosneft's main export market

Vadim Dumes in Paris November 8, 2018

Russia's largest oil company Rosneft supplied 43.1mn tonnes of oil to Asia in January-September, beating exports to Europe that amounted to 41mn tonnes. Rosneft is now sending half its oil production to Asia.

Turkey raises €1.5bn from 2026 eurobond yielding 5.25%

Akin Nazli in Belgrade November 8, 2018

Initial expecations for the yield reportedly stood at around 25 basis points higher.

Domestic wellbeing key in making Russia great, say polls

bne IntelliNews November 8, 2018

While Russians still want to see Russia as a "great power", this should be conditioned by the state's ability to maintain the well-being of its citizens, a study by the RAN Institute of Sociology found.

Moldovan prosecutors probe whether suspected fraudster paid school fees for deputy PM’s son

bne IntelliNews November 8, 2018

Investigation launched after media claimed Ilan Shor, the visible beneficiary of Moldova’s $1bn bank frauds, paid $42,000 to cover former prime minister Iurie Leanca’s son’s tuition at a private UK college.

Kazakhstan sells its first ever euro bond

Kanat Shaku in Almaty November 7, 2018

Central Asian kingpin is latest emerging market nation to switch away from dollars due to growing gap between US and European interest rates.

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