Turkey’s switch to Istanbul mega-airport ‘postponed’

bne IntelliNews December 20, 2018

Local reports say staff at Ataturk Airport informed of three-month delay.

Romanian government survives no-confidence vote

Carmen Simion in Bucharest December 20, 2018

Ethnic Hungarian UDMR backs the government despite rift over fiscal changes, saying the opposition doesn't present a viable alternative.

Putin press conference: A man with a plan for 2019

Ben Aris in Berlin December 20, 2018

Putin kicked off his marathon annual end of year press conference with the usual rundown of macroeconomic results for the year. The agenda was very full at this year’s conference, but Putin looked the most relaxed for years.

Romania’s tough tax plans send markets tumbling

bne IntelliNews December 20, 2018

Banking and energy stocks on the Bucharest exchange were worst hit as the government announced new tax plans, including a so-called "tax on greed", aimed at boosting revenues to rein in the budget deficit.

US ready to cancel sanctions on Russian Rusal aluminum major

bne IntelliNews December 20, 2018

Aluminium major Rusal could see sanctions lifted within 30 days after a deal was made with Russian billionaire and Kremlin insider Oleg Deripaska to significantly reduce his stake in the company, the US Treasury Department (USTD) said in a statement

Slovakia has doubled number of robotic systems since 2016

bne IntelliNews December 20, 2018

The number of robots in use in Slovakia has nearly doubled in the last two years, according to Martin Jesny of the Industry4UM discussion platform

Turkish assets boosted after Trump tweets on Syria withdrawal

Akin Nazli in Belgrade and Will Conroy in Prague December 19, 2018

Lira’s gains are trimmed as it becomes clear US president’s policy may be at odds with that of his own national security team.

Iranian Twittersphere goes berserk over claims BBC Persian is Islamic Republic outlet

bne IntelliNews December 19, 2018

Controversy comes as heir apparent to defunct throne of toppled Imperial State of Iran moves into limelight with calls for removal of Tehran regime.

Turkey’s Halkbank to issue eurobonds for first time since ‘Iran sanctions’ arrest in US

Akin Nazli in Belgrade December 19, 2018

Authorities have lately cut lira borrowings with the aim of supressing domestic interest rates amid the country’s liquidity and credit crunch.

Russia's venture capital market to decuple in size to $40bn by 2030 due to pension money

bne IntelliNews December 19, 2018

Russia's venture capital market is expected to decuple in size to RUB2.7 trillion ($40bn) by 2030, according to the joint strategy of the Russian Venture Company (RVC) and the Ministry of Economic Development

Two out of three Russians regret the fall of the Soviet Union

bne IntelliNews December 19, 2018

The share of Russians who regret the fall of the Soviet Union is at the highest level in the last decade, according to a new poll from independent pollster the Levada Center.

IMF board of directors signs off on Ukraine’s $3.9bn stand-by agreement

bne IntelliNews December 19, 2018

The board of Ukraine’s main donor, the International Monetary Fund (IMF) signed off on the badly needed $3.9bn Stand by agreement (SBA) at a meeting on December 18.

Average bribe in Russia for 2018 is $9,000

bne IntelliNews December 19, 2018

Average bribe in Russia is estimated by the Public Prosecution Service at RUB609,000 ($9,000), while the total amount of uncovered bribes in January-September 2018 stood at RUB1.8bn ($26.7mn), as reported by Vedomosti daily.

US State Department okays possible Turkey purchase of Patriot missile systems

bne IntelliNews December 19, 2018

Move may assist Turkish market recovery if seen as helping to heal rift with Washington. Places in question Ankara agreement to acquire Russian S-400s.

Turkey’s retail sales endure worst growth on record

Akin Nazli in Belgrade December 18, 2018

Analysts think country is undergoing a much harder landing than many people expected. Credit crunch seen morphing from complete shutdown in FX-denominated lending to suppression of TRY lending.

Russia's domestic e-commerce market up by 19% in 2018

bne IntelliNews December 18, 2018

Russia's e-commerce market in 2018 could reach RUB1.5 trillion ($22.8bn), according to the estimates by Data Insight cited by Vedomosti daily on December 17. Sales in Russian online stores are expected to increase by 19% to RUB1.15 trillion

Ukraine's government to refuse to reinstate Nasirov

bne IntelliNews December 18, 2018

The Ukrainian government will defy a court ruling to reinstate Roman Nasirov as head of Ukraine’s State Fiscal Service, President Petro Poroshenko told a press conference.

Ukraine faces $17bn debt mountain in 2019-2020

bne IntelliNews December 18, 2018

Ukraine faces a two-year debt payment mountain of $17bn in 2019-2020 as the restructured debt deal expires in the next two years, according to a report from the National Bank of Ukraine (NBU)

MPs thrown out of Hungarian state television station

bne IntelliNews December 18, 2018

Opposition politicians have joined the protests against Hungary's so-called "slave law" extending overtime hours, but were prevented from delivering their message on state TV.

Turkish government ‘pressing banks to transfer large companies’ debt difficulties to their balance sheets’

bne IntelliNews December 18, 2018

Officials are shifting debt problem amid currency crunch from corporate books to bank books, meaning lenders cannot issue new loans, says analyst.