News

US charges five for bribing officials to win Central Asia contracts for Rolls-Royce

bne IntelliNews November 8, 2017

Indicted individuals allegedly paid kickbacks to officials in countries including Kazakhstan and Azerbaijan, contracts on a pipeline-to-China investment among those tainted by scandal.

Higher exports and investment push first-half growth in all EBRD countries bar two

bne IntelliNews November 7, 2017

EBRD markedly hikes its forecasts for economic growth in Emerging Europe after assessing the arrival of expansion that is so strong that it is already running up against structural constraints.

US lawmakers signalling Americans to stick with Iran nuclear deal, says EU foreign policy chief

bne IntelliNews November 7, 2017

In Washington visit, Mogherini says she has assurances decision makers in Congress want to maintain US participation in accord, while in Paris a senior Iranian official calls on EU to more proactively defend agreement against Trump.

What the “Paradise Papers” missed: the Kremlin tech investment portfolio

Adrien Henni in Moscow November 7, 2017

Russian tech whizz Yuri Milner got "hundreds of millions of dollars" from the Kremlin to invest into Twitter and Facebook, but what the reporting misses is the Kremlin investments in a wide range of tech household names.

Turkish PM heads to US as lira, bonds feel heat of spats, inflation

bne IntelliNews November 7, 2017

Some movement towards resolving row over US embassy worker arrest prior to meeting between Yildirim and Pence, but purchases of local-currency government paper have weakened to a crawl.

Ex-Czech PM Topolanek tosses hat into presidential election ring

bne IntelliNews November 6, 2017

Civic Democrats (ODS) meeting to decide whether to back their former long-time leader against Kremlin-friendly incumbent’s bid for re-election.

Houthi missile attack may amount to Iranian “act of war”, says Riyadh

bne IntelliNews November 6, 2017

Iran behind attempted strike on international airport from Yemen, claim Saudis. Tehran denies involvement, accusing regional arch-rival of “bombing Yemen to smithereens, killing thousands of innocents including babies”.

‘Paradise Papers’ team exposes Kazakhstan’s ‘Secret Billionaires’

bne IntelliNews November 6, 2017

Financing and offshore secrets of investment and holding company Meridian Capital exposed by Organised Crime and Corruption Reporting Project (OCCRP).

20,000 protest in Bucharest against planned changes to justice system

bne IntelliNews November 6, 2017

The protest will put even more pressure on the government, which has been widely criticised for its planned judicial reforms as well as controversial fiscal measures.

Slovaks reject neo-fascists and back pro-EU candidates in regional elections

bne IntelliNews November 5, 2017

Far-right governor of Banska Bystrica, Marian Kotleba, turfed out by independent businessman Jan Lunter, while PM Fico’s Smer party also suffers a terrible day at the ballot box.

Where's Czechia heading? The plot thickens

Will Conroy in Prague November 4, 2017

Anti-politician and Czech PM in waiting Andrej Babis has declared that he wants a minority government. Opponents say that's because he already has a power-sharing deal with Kremlin-friendly head of state Milos Zeman and can rely on unsavoury votes.

Markets digest second Czech rates hike along with less hawkish than foretold forecast

bne IntelliNews November 3, 2017

Czechia's central bank leads EU with tightening cycle amid exceptionally strong economy but unanimously votes for “nothing dramatic”.

Turkish central bank “sits on hands” as inflation hits 9-year high

bne IntelliNews November 3, 2017

With core inflation even more alarming as it approaches a 14-year peak, economists call for monetary tightening, but president and ministers persist with unorthodox demands for loosening.

Retired Turkish general reckons odds of Ankara acquiring Russian S-400 missile system “even less than 10%”

bne IntelliNews November 3, 2017

Though Russia's Rostec says the deal has been arranged at more than $2bn and Turkish president states a down payment has been made, observers still foresee Nato member Turkey backtracking.

Russian government officials could be charged for US election hacking

bne IntelliNews November 2, 2017

The US Department of Justice is investigating six Russians government officials over hacking and meddling in the 2016 US presidential elections

Croatia’s opposition files no-confidence motion against government

Carmen Simion in Bucharest November 2, 2017

Social Democrats say they want to "untangle the corruption octopus" while slamming the government's handling of the crisis at food and retail giant Agrokor.

EU funds to help Western Balkan broadcasters become financially stable

Denitsa Koseva in Sofia November 2, 2017

Public broadcasters from the region have missed out on the Eurovision song contest and other televised events due to their financial woes.

Cleaning up Russia's banking sector will take up to two years, central banker says

bne IntelliNews November 2, 2017

The regulator has revoked the licenses of about 350 lenders over the last four years bringing the number of banks in Russia to about 600

Moldova's government endorses new defence strategy

Iulian Ernst in Bucharest November 2, 2017

Strategy sent to parliament for approval just days after the appointment of the country’s new Defence Minister Eugen Sturza in the face of fierce opposition from pro-Russian President Igor Dodon.

Ukrainian court releases interior minister's son

bne IntelliNews November 2, 2017

Oleksandr Avakov has been released from detention but is under electronic tagging surveillance

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