News

S&P raises Bosnia’s outlook for the first time since 2012

Denitsa Koseva in Sofia March 13, 2019

Bosnia’s rating could be raised in the next 12 months if a lasting government is formed and structural reforms are launched — but medium term growth hinges on Sarajevo unfreezing the country's IMF deal.

Primark picks Slovenia for first CEE store opening

bne IntelliNews March 13, 2019

Fast fashion giant has also lined up retail space in Poland and the Czech Republic as it embarks on eastward expansion.

EPP leader Weber says differences remain after talks with Viktor Orban

bne IntelliNews March 13, 2019

Talks in Budapest just a week before EPP parties are due to vote on whether expel Hungary's ruling right-wing Fidesz from its ranks.

Bogeymen: Recession-hit Erdogan makes feisty attack on Turkey’s shadowy foreign ‘economic enemies’

bne IntelliNews March 13, 2019

Under pre-election pressure to explain how his country’s fortunes have sunk, strongman talks of “attacks in the dragon’s triangle of foreign currency, interest and inflation rates”.

Western-backed NABU anti-graft agency caught up in Ukraine defence corruption scandal

bne IntelliNews March 12, 2019

The National Anti-Corruption Bureau of Ukraine (NABU) has found out itself front and centre of the ongoing corruption scandal over alleged illegal profit of associates of President Petro Poroshenko from the war in Donbas.

Turkey’s Garanti Bankasi secures $150mn of 5-year financing

bne IntelliNews March 12, 2019

Funds secured by future flow transaction under international borrowing plan. Fitch assigns Garanti Diversified Payment Rights Finance Company's notes BBB-/Negative.

Estonia’s Centre Party extends coalition offer to nationalists

Wojciech Kosc in Warsaw March 12, 2019

In bid to retain power after coming second in Estonia's general election, Centre Party extends coalition offer to far-right Eurosceptic party it promised to isolate.

Russia moves to auction half of crab fishing quotas

bne IntelliNews March 12, 2019

Russia intends to auction off 50% of crab fishing quotas instead of assigning the quotas to market players in proportion to the catch as in previous years

S&P Global upgrades IIB's long-term rating to A- with a stable outlook

bne IntelliNews March 11, 2019

International Investment Bank receives its fifth positive rating action from leading international rating agencies since the beginning of 2018.

Manafort sentenced to 47 months in prison for hiding $55mn in Ukraine payments

Sergei Kuznetsov in Kyiv March 11, 2019

Paul Manafort, who headed Donald Trump's presidential campaign for two months in 2016, was jailed on March 8 for hiding from US tax authorities $55mn in payments he received from Ukrainian politicians for consulting work.

Fallen star: First recession in Turkey for a decade

Akin Nazli in Belgrade March 11, 2019

Confirmation will for many make end-of-month local elections a referendum on Erdogan administration. But government officials insist a V-shaped recovery is possible from here.

Bulgaria to pick strategic investor for Belene nuclear project

Denitsa Koseva in Sofia March 11, 2019

Several international investors interested in revived project to build Bulgaria's second nuclear power station.

Ukrainian comic and presidential candidate Volodymyr Zelenskiy outlines his policies

bne IntelliNews March 11, 2019

Ukrainian comic and presidential candidate Volodymyr Zelenskiy met with representatives of the international media on March 4 and sketched out some of his proposed policies should he win the upcoming Ukrainian presidential elections on March 31.

European People's Party group leader Weber proposes talks with Orban

bne IntelliNews March 11, 2019

Orban’s right-wing nationalist party risks being kicked out of the European People’s Party,after launching a scathing campaign against European Commission President Jean-Claude Juncker.

Markets nervous as S-400 row between Turkey, US enters crucial stage

bne IntelliNews March 11, 2019

Washington may be trying to step up pressure while Erdogan is vulnerable during runup to end-of-month local elections.

North Macedonia’s ex-secret police chief sentenced to 3 years in prison for election fraud

Valentina Dimitrievska in Skopje March 9, 2019

Cousin of Macedonia's fugitive ex-PM sentenced in local election fraud case, dubbed Titanik 2.

ALACO DISPATCHES: Europe’s bid to salvage Iran nuclear deal under threat

Yigal Chazan of Alaco Dispatches March 8, 2019

A new trading channel circumventing US sanctions may falter over some Iranian lawmakers’ reluctance to adopt international financial regulations.

Transparency International ranks corruption in 100 Ukrainian cities

bne IntelliNews March 8, 2019

The NGO found the level of corruption has risen from the year before, and the leaders have changed.

Russia’s MTS pays $850mn fine for bribing Uzbekistan’s Gulnara Karimova

Ben Aris in Berlin March 8, 2019

Russia’s leading mobile phone company Mobile TeleSystems (MTS) has agreed to pay a $850mn fine to the US Department of Justice to settle a case connected to bribes it paid to Gulnara Karimova, daughter of Uzbekistan's former president.

European Parliament backs former head of Romanian antigraft agency for European chief prosecutor role

Carmen Simion in Bucharest March 7, 2019

Laura Kovesi was ousted last year from the DNA, which had aggressively investigated top level corruption in Romania.

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