News

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

Iran, Russia display strategic unity and envision huge oil deal as Putin visits Tehran

bne IntelliNews November 1, 2017

Busy agenda ranges over preserving nuclear deal, Syria, Rosneft and NIOC contracts worth $30bn and planned 7,200-kilometre International North-South Transport Corridor.

Commercial interest in Baltic Pipe affirmed

Wojciech Kosc in Warsaw November 1, 2017

Gas shippers bid for capacity transmission contracts using pipeline that will link Poland to gas fields operated by state-controlled utility PGNiG in an effort to further reduce dependence on Russian supplies.

Macedonia the only EU candidate on track for accession by 2023

Valentina Dimitrievska in Skopje November 1, 2017

Albania and Bosnia could struggle to meet accession criteria by 2050 and Serbia is unlikely to join before the mid-2030s, a new study reveals.

Babis to attempt minority Czech government as other parties reject coalition talks

bne IntelliNews November 1, 2017

Czech president backs plan of anti-establishment Ano movement to form one-party cabinet likely to include several technocrats, but other parties could erect obstacles, possibly putting approval of 2018 budget at risk.

Russia wants EU guarantees to continue with Turkish Stream development

bne IntelliNews November 1, 2017

Demand in Southern, Southeast Europe would justify second branch of Turkish Stream, but no plans to go ahead without legal guarantees from Brussels, Russian foreign minister says.

Kazakhstan’s new military doctrine shifts logic of country’s security agenda

Kanat Shaku in Almaty November 1, 2017

Quietly released document, full of Cold War-style jargon, appears to draw lessons from the fate of Crimea at the hands of Russia.

Romanian parliament to consider controversial judicial reforms

bne IntelliNews November 1, 2017

Opponents including President Klaus Iohannis say the changes will increase political control over the judiciary and help officials suspected of corruption to avoid prosecution.

Uzbekistan makes top 10 in World Bank’s Doing Business global improvers

bne IntelliNews November 1, 2017

New president’s drive for reform in Central Asia’s most populous country gets boost from climb of 13 places in ranking.

Ukraine's anti-corruption agency detains interior minister's son

Sergei Kuznetsov in Kyiv November 1, 2017

The son of Ukraine's Interior Minister Arsen Avakov is suspected of embezzling more than UAH14mn ($520,500) in a procurement deal with the National Guard

Russia moves up to 35th place in the World Bank's annual 'Doing Business' index

bne IntelliNews November 1, 2017

Russia is now ranked only one place below Japan and is ahead of some EU states, such as Italy and Belgium, in terms of the World Bank's assessment of its 'ease of doing business'

Moldova to change official language name to Romanian

Carmen Simion in Bucharest November 1, 2017

Constitutional Court endorses proposal from a group of MPs to change the official language name to Romanian in latest blow for pro-Russian President Dodon who wants to keep the name “Moldovan”.

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