Southeast Europe / News

Slovenia’s “Instagram king” heads for second presidential term

bne IntelliNews October 20, 2017

Pro-EU, pro-Nato Borut Pahor is expected to coast to victory in the first round of Slovenia's October 22 presidential election as he leverages social media to reach out directly to voters.

Bankwatch hits out at EBRD's pipeline loan to “non-transparent, oppressive” Azerbaijan

bne IntelliNews October 19, 2017

CEE branch of watchdog points to Baku’s withdrawal from transparency in extractive industries body as just one example of why it thinks credit for TANAP project should not be advanced.

Slovenia seeks EU agreement on delay to NLB privatisation

bne IntelliNews October 19, 2017

Finance Minister Mateja Vranicar Erman will try to persuade EU officials to extend the deadline for Ljubljana to offload Slovenia's largest bank NLB after an initial privatisation attempt was cancelled earlier this year.

Bosnia’s Republika Srpska adopts resolution against Nato membership

Denitsa Koseva in Sofia October 18, 2017

Non-binding resolution proclaims Republika Srpska's military neutrality and says it will coordinate its future status with Serbia - angering Bosniak leaders who called the move a "flagrant violation of the Dayton peace agreement".

EBRD and IFC finance Western Balkans’ largest wind farm

bne IntelliNews October 18, 2017

€215mn loans for Serbia's 158 MW Čibuk wind farm to help harness wind energy in a region still heavily reliant on coal power.

Moldovan Constitutional Court ruling paves way to suspend President Dodon

Carmen Simion in Bucharest October 18, 2017

Court says pro-Russian Dodon can be suspended for repeated refusal to appoint defence minister proposed by the government, while president slams decision he says will allow oligarch Vlad Plahotnuic to become prime minister.

Croatian police raid home of Agrokor’s founder, arrest former executives

Carmen Simion in Bucharest October 16, 2017

Ivica Todoric and his son were found to have left the country as investigation into financial irregularities at debt-crippled Croatian food and retail giant gathers pace.

Macedonia’s governing Social Democrats gain landslide victory in crucial local election

Valentina Dimitrievska in Skopje October 16, 2017

SDSM's hold on power confirmed as its candidates lead in most municipalities while VMRO-DPMNE - which was ousted in May after a decade in office - was pushed into third place.

Romania’s ruling PSD nominates new ministers

Carmen Simion in Bucharest October 15, 2017

Nominees to replace three ministers forced to resign by PM Mihai Tudose amid apparent power struggle with Liviu Dragnea, leader of the ruling PSD.

Fresh harsh rhetoric directed at US by Erdogan sends Turkish lira back down

bne IntelliNews October 13, 2017

Hopes that row between Ankara and Washington over arrested American embassy employee is dissolving sag again after Turkish president delivers new verbal volley.

Three Romanian ministers resign as PM Tudose strengthens grip on cabinet

Iulian Ernst in Bucharest October 13, 2017

Resignations include Deputy PM Sevil Shaideh, a key ally of PSD leader Liviu Dragnea, who until now has maintained informal control over the government despite not holding a cabinet position.

Turkish lira, bonds respond after US envoy says arrest row talks under way

bne IntelliNews October 12, 2017

Currency appreciates and bond yields ease as hopes rise that Ankara and Washington can resolve damaging spat that has led to mutual suspension of visa services.

Romania launches €1bn Eurobond as domestic financing cost soars

Iulian Ernst in Bucharest October 12, 2017

Interest rates have increased significantly on the local market on the back of uncertainties generated by the government’s ambiguous fiscal policy.

Bulgarian Deputy PM Simeonov under pressure to quit after threat to journalist

Denitsa Koseva in Sofia October 12, 2017

Departure of Simeonov — who threatened a talk show host live on air — would strengthen PM Boyko Borissov vis a vis Simeonov's nationalist United Patriots.

PM Cerar aims to turn Slovenia into EU's blockchain champion

bne IntelliNews October 12, 2017

Slovenian companies like Cashila and Viberate are already among the world’s leading developers of digital investment platforms.

Serbia woos Turkish investors during Erdogan visit

bne IntelliNews October 11, 2017

Turkish president greeted with promises of the region’s best investment conditions, a serenade from Foreign Minister Ivica Dacic and a hero’s welcome in the majority Muslim Sandzak region.

Moldova's Ascom moves ahead with recovering $500mn from Kazakh state

Iulian Ernst in Bucharest October 11, 2017

Moldovan businessman Anatol Stati is trying to claw back $500mn he was awarded in compensation after his investments in two Kazakhstani gas fields were nationalised.

Diplomatic spat with US drags down Turkish stock market and lira

bne IntelliNews October 10, 2017

Turkish lira also dragged down as traders nervously await developments in row over arrest of US embassy staff member and tit-for-tat suspension of visa services.

Romanian PM Tudose announces imminent government reshuffle

Iulian Ernst in Bucharest October 10, 2017

PM announces he will invite “at least two ministers” to leave the cabinet within a few days, most likely including Deputy Prime Minister Sevil Shhaideh, who is the target of a corruption probe.

Agrokor audit reveals €440mn in undisclosed liabilities

Carmen Simion in Bucharest October 10, 2017

Agrokor's emergency management takes legal steps after overstated revenues and other accounting irregularities reveal potentially illegal activities at troubled Croatian food and retail giant.