News

Revenue-starved Turkmenistan glad for new $1.5bn seaport facility

bne IntelliNews May 3, 2018

Remote economic crisis-hit country which lately lost a toll road contractor after claims of non-payment looks to triple its cargo handling capacity.

Uzbekistan awaits president’s green light for international bond debut

Kanat Shaku in Almaty May 3, 2018

Issue could be worth up to $1bn but with appetite for emerging market debt cooling Tashkent may have missed its window.

Turkey’s Simsek fumes at pre-election timing of surprise S&P cut

Will Conroy in Prague May 2, 2018

Deputy PM says rating agency’s analysis is “insufficient”, claims Turkish economic overheating is last year’s story.

Turkish opposition unites in bid to derail Erdogan’s ‘coronation’

bne IntelliNews May 2, 2018

Broad formal alliance agreed to fight elections that will end almost a century of parliamentary rule.

Armenia crisis: Civil disobedience call paralyses Yerevan before big breakthrough

Ben Aris in Berlin May 2, 2018

Widespread blockades in response to ruling party’s failure to make protest leader PM, but hopes rise for second vote.

Mail.Ru Group takes control of mobile game developer Bit.Games

Jane Kuhuk in Moscow of East-West Digital News May 2, 2018

S&P cuts overheating Turkey deeper into junk on risk of hard landing

bne IntelliNews May 2, 2018

Downgrade notes GDP in 2017 was 10.5% below its 2013 level in dollar terms, giving a better indication of country’s ability to service foreign currency debt.

Pashinian calls for general strike as ruling party thwarts vote to make him Armenian PM

bne IntelliNews May 1, 2018

People’s champion asks for non-violent campaign of civil disobedience with the blocking of streets, the airport and the metro.

Netanyahu accused of “rehashing” old Iran claims to wreck nuclear deal

bne IntelliNews May 1, 2018

Key documentation ‘unveiled’ in political theatre was seen 13 years ago says former UN nuclear watchdog official.

Iranian judiciary issues blanket ban on Telegram

bne IntelliNews April 30, 2018

Move, justified by authorities on national security grounds, will hit tens of millions of subscribers to encrypted messaging app.

Ahead of PM vote Armenia's HHK concedes monopolising power was a mistake

Ben Aris in Berlin April 30, 2018

Protests leader Pashinian careful not to alienate Russia as he seeks ruling party votes to become prime minister.

Few surprises among Orban's picks for new cabinet

bne IntelliNews April 30, 2018

Hungary's prime minister loses chief of staff and scraps development ministry amid a shift of focus to high tech sectors, but there are no changes at the economy, interior or foreign ministries.

Romania’s budget balance deteriorates

Iulian Ernst in Bucharest April 30, 2018

General government deficit of almost €1bn in Q1 compares poorly to surpluses traditionally posted in the first quarter of the year, amid disappointing VAT collection and lower inflows from income and profit tax.

Macedonian PM expects €100mn investments into medical cannabis production

Valentina Dimitrievska in Skopje April 30, 2018

Eight licences have been issued since medical cannabis was legalised in 2016 and competition is increasing rapidly as more companies enter the flourishing sector.

Pompeo underscores “seriousness of US concerns” over Turkey's Russian S-400 deal

bne IntelliNews April 29, 2018

Urges Ankara to turn away from Moscow and buy Nato interoperable system.

UPDATED: Armenia’s opposition close to taking power after ruling party withdraws from prime minister race

bne IntelliNews April 28, 2018

Armenia's Republican Party says it will not put up the acting PM or any other candidate for the vote next week, which will bring a peaceful end to the reovlution much closer

Russian metal tycoon Deripaska caves in to US pressure

bne IntelliNews April 27, 2018

Kremlin insider Oleg Deripaska has agreed to sell some of his shares in Rusal and lower his stake to under 50% in the hopes that the US Treasury Department will remove some of its sanctions.

Poroshenko's popularity in free fall

bne IntelliNews April 27, 2018

Three quarters of Ukrainians think their country is headed in the wrong direction, a new poll shows, and the main beneficiary of their discontent with the situation under President Poroschenko is opposition leader Yulia Tymoshenko.

Romania’s president asks PM Dancila to resign

Iulian Ernst in Bucharest April 27, 2018

President Klaus Iohannis says he has withdrawn his support from Dancila after a spat erupted over plans to move the Romanian embassy in Israel to Jerusalem, but does not have the right to remove the prime minister.

Hungary roasted at EP committee meeting under threat of Article 7 invocation

bne IntelliNews April 27, 2018

MEPs say Hungarian government's attacks on judicial independence and civil society represent a clear risk of a serious breach of EU values

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