News

"Oil Czar" Sechin defies court in hearing over former economy minister

bne IntelliNews November 14, 2017

Igor Sechin, influential head of Russia's largest oil company Rosneft, has ignored a court order to testify as a key witness at the trial of Alexei Ulyukayev.

Transnistria devalues currency further as Russia delays support

Iulian Ernst in Bucharest November 14, 2017

Separatist republic's central bank has ruled out another devaluation this year, but the economy remains under pressure as the new government has so far failed to persuade Moscow to provide financial support.

Romania’s currency hits weakest level in five years

Iulian Ernst in Bucharest November 14, 2017

Romanian leu falls close to 4.65 to the euro and a further weakening is expected this year unless there is a strong inflow of transfers from the European Union budget.

President Trump sparks storm with comments about Russia at Apec

bne IntelliNews November 13, 2017

Trump reiterates desire to improve relations with Moscow and downplays Kremlin involvement in US elections.

Romanian anti-corruption prosecutors start investigation into leader of ruling PSD

Carmen Simion in Bucharest November 13, 2017

Probe launched as the government attempts to increase control over the judiciary, sparking a new wave of mass protests.

Death toll from Iran-Iraq border quake approaches 400

bne IntelliNews November 13, 2017

Carnage mainly in predominantly Kurdish mountainous area which typically features homes made of mud bricks. At least 6,600 people injured in disaster and key hospital severely damaged.

Ukraine's suspended tax chief Nasirov case takes a step closer to trial

bne IntelliNews November 13, 2017

The Specialised Anti-Corruption Prosecutor's Office of Ukraine (SAPO) has sent to court an indictment against Roman Nasirov, the suspended head of Ukraine's State Fiscal Service taking another step towards starting a trial of the official

"Barbie" narrowly wins second presidential mandate in Slovenia

bne IntelliNews November 13, 2017

Incumbent Borut Pahor fights off challenge from mayor and former comedian Marjan Sarec but fails to inspire voters who are already looking ahead to next year's general election.

Poland’s Independence Day dominated by fascist march

bne IntelliNews November 13, 2017

An estimated 45,000-60,000 marched through downtown Warsaw brandishing fascist symbols and shouting extreme rightwing slogans.

Turkey says purchase of Russian S-400 missile system completed

bne IntelliNews November 13, 2017

Despite scepticism over whether the Nato member country would really go through with the acquisition, Ankara says it has done so. Word on whether the transaction infringes US sanctions directed at Russia now awaited.

Croatian government survives no-confidence vote

Carmen Simion in Bucharest November 13, 2017

Andrej Plenkovic's government maintains narrow majority in parliament despite opposition criticism of its handling of the Agrokor crisis.

Damen takes over Daewoo shipyard in Romania

Iulian Ernst in Bucharest November 10, 2017

Damen expands its presence in Romania and provides an exit for troubled South Korean shipbuilding giant as it carries out a rescue programme requiring the sale of numerous subsidiaries around the world.

Turkish lira remains under strain as Pence-Yildirim tête-à-tête produces little

Will Conroy in Prague November 10, 2017

No breakthroughs announced after Washington, DC meeting expected to address spats over suspended visa services, the status of alleged coup plotter Gulen, Turkey’s missile defence plans and the prosecution of Turkish-Iranian gold trader Reza Zarrab.

Ukraine parliament adopts new privatisation bill in first reading

bne IntelliNews November 10, 2017

Ukraine's parliament, the Verkhovna Rada, has adopted in the first reading a new bill on the privatisation of state-owned enterprises, which should re-start the stalled privatisation drive in the war-torn country.

Moody’s publishes a positive credit opinion on Russia's International Investment Bank

bne IntelliNews November 10, 2017

Moody’s gives International Investment Bank (IIB) a shot in the arm with a credit opinion as the development bank continues to reinvent itself.

Russian internet advertising beats TV first time in 20 years

bne IntelliNews November 10, 2017

Total spending on Internet advertising in Russia was more than spending on TV advertising for the first time ever in January-September 2017.

Western Balkans must make more progress with media freedom says EC commissioner

bne IntelliNews November 10, 2017

EC Commissioner Johannes Hahn says that media outlets in Western Balkan countries need to uphold EU values of freedom of expression

Babis tells ambassadors he's no plan for a Czexit

bne IntelliNews November 9, 2017

In letter to envoys, the 'anti-politician' set to become Czech PM insists he is not a eurosceptic but a “eurocritic” intent on reform, and denies he is any kind of threat to democracy.

Russian tourism market recovers fast to pre-crisis volumes

bne IntelliNews November 9, 2017

The number of Russians holidaying abroad has recovered and has almost passed its pre-crisis peak. In January-June 17.1mn Russian tourists went abroad, up by 30% year-on-year, Rosstat reported on November 8.

Copious mud flies as starting pistol is fired on Czech presidential race

Will Conroy in Prague November 8, 2017

Candidates waste no time in getting down and dirty in contest that could prove vital to country’s future in the EU and eastward or westward orientation.

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