Latest Updates

CHALLENGING ERDOGAN: Another former ally walks out on Turkey’s strongman

Ex-PM Ahmet Davutoglu has followed former economic czar Ali Babacan in quitting the ruling AKP. Once known as the president’s right-hand man, he declared: “It has become a historic responsibility for us to build a new political movement.”

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TURKEY INSIGHT: Rate-setters go for another dizzying descent

Cut of 325 bp taken as tolerable by the markets with pace of easing seen as likely to slow. Rallying lira confounds analysts. If a wheel is set to come off ‘Erdoganomics’, the signs have not been detected yet.

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When Chinese deals turn sour

Tighter regulation and growing geopolitical tensions have caused a downturn in global Chinese outward FDI in the past two years. The Central and Eastern Europe region is no exception.

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Russia's net public debt falls to zero

Russian President Vladimir Putin has a bee in his bonnet about debt. He paid off Russia's debts early and encouraged the government to build up its reserves. Now the state can cover all of its debts with cash.

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The Mitteleuropean view: Putin’s Belarusian ace stays in the hole?

Negotiations between Belarus and Russia on deeper economic integration are nearing completion, and the potential for surprises – such as a political or currency union – is expected to diminish.

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Uzbekistan resurrects its heroes in a search for its identity

Academics say nation's young post-Soviet generations need to discover the past to find out who they really are as they build a modern country. Memories of figures such as Tamerlane and the Uzbek who gave the world the zero are being revived.

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Where is Russia’s stock market headed this year?

Russia’s stock market rallied in the second quarter of this year, up some 30% since January, and broke through the 1,400 level briefly in June for the first time since the annexation of the Crimea in 2014. What happens next?

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Ukraine and Russia swap 70 prisoners of war

Among those released in the first concrete move towards ending the conflict between the two countries were Ukrainian film director Oleg Sentsov and the 24 sailors captured by Russia during a naval clash in the Kerch Strait in November.

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Vehicle exports spur Hungary’s industrial output to 28-month high

Ukraine passes presidential impeachment law, to cull Central Election Commission and pass a new illicit enrichment law

“Renewed collapse in lira” just a matter of time says Commerzbank ahead of Turkish rates meeting

Vehicle exports spur Hungary’s industrial output to 28-month high

Hungary has become a centre for the auto manufacturing sector, and the surge in output was the result of the low base as the summer shutdown of carmakers led to a sharp decline in output in July 2018.

Ukraine passes presidential impeachment law, to cull Central Election Commission and pass a new illicit enrichment law

Ukraine’s parliament continued its legislative tsumani by passing laws that allow the president to be removed by impeachment, cut the number of Supreme Court judges by a third and toughen the punishments for corrupt officials .

“Renewed collapse in lira” just a matter of time says Commerzbank ahead of Turkish rates meeting

“Overly loose monetary policy risks exacerbating Turkey’s age-old vulnerabilities by fueling twin dynamics of inflation and attendant currency weakness,” adds Societe Generale strategist.

News

Hankook postpones capacity expansion in Hungary

Speculation that South Korean tyre maker's decision to delay €268mn investment at its Hungarian plant is linked to shortage of workforce.

Turkcell switching to single instalment for TRY1.01bn dividend

Largest Turkish mobile operator says shareholders Telia, Cukurova Holding and Russian tycoon Mikhail Fridman’s LetterOne have agreed to vote for profit distribution.

Turkey’s banking association expects $10bn of electric utility loan restructuring this year

Energy companies left up to their necks in debt by lira crisis.

Former Erdogan ally ‘to challenge Turkish president’s ruling AKP with new party’

Ex-economic czar Ali Babacan says the condition in which Turkey is currently in is “truly saddening”. Takes aim at state of economy, human rights and rule of law.

France calls for reset in relations with Russia

It’s official: France is actively working for a reset in relations with Russia. “The time has come, the time is right, to work towards reducing the distrust between Russia and Europe," Jean-Yves Le Drian, the French foreign minister says

Hankook postpones capacity expansion in Hungary

3 days ago

Turkcell switching to single instalment for TRY1.01bn dividend

3 days ago

Turkey’s banking association expects $10bn of electric utility loan restructuring this year

4 days ago

Former Erdogan ally ‘to challenge Turkish president’s ruling AKP with new party’

5 days ago

France calls for reset in relations with Russia

5 days ago

More News

Tech

Romanian private equity fund Morphosis buys stake in IT startup DocProcess

Investment will allow family owned DocProcess to expand in Romania and in the wider European market.

Czech energy giant CEZ buys a stake in German solar start-up Zolar

CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".

Sberbank and Trafigura of Singapore make pilot blockchain transaction securing West Siberian oil sales

Pilot blockchain transaction during Russia’s Eastern Economic Forum is an early foray into a technology that is popular with Russians.

“Airbnb for boats” GetMyBoat reports surge in Southeast European business

GetMyBoat, which describes itself as the world’s largest “Airbnb (or Uber) for boats” has seen a dramatic surge in business in Central, Eastern and especially Southeast Europe this summer.

Porsche boosts stake in Croatia’s Rimac to 15.5%

Porsche is strengthening its existing partnership with Rimac Automobili after it bought a 10% stake in the Croatian electric super sports car maker last year.

Romanian private equity fund Morphosis buys stake in IT startup DocProcess

3 days ago

Czech energy giant CEZ buys a stake in German solar start-up Zolar

4 days ago

Sberbank and Trafigura of Singapore make pilot blockchain transaction securing West Siberian oil sales

5 days ago

“Airbnb for boats” GetMyBoat reports surge in Southeast European business

6 days ago

Porsche boosts stake in Croatia’s Rimac to 15.5%

6 days ago

More Tech

Opinion

Stagnation in Russia: how many opportunities are there for international (investment) banks in the rest of the CIS region?

Russia is not a growing market for international banking and capital market business at present. That's why people like to look for business and deal opportunities in smaller regional markets in the CIS region.

Who’s behind the proposed Turkish buyer of British Steel?

GPW Political Risk on how the move by a military pension fund unit to acquire the unloved, neglected UK company may have been motivated by Turkish President Recep Tayyip Erdogan’s personal agenda—and he may require a political quid pro quo.

Russian sanctions fifth anniversary, but no reason to celebrate

This summer mark the fifth anniversary of Western sanctions against Russia. But taking a quick look at Russian economic and financial sector indicators and you'd wonder if the sanctions are still in place.

COMMENT: Romania's inflation above 4% again

At 4.1% y/y, Romania's July inflation will probably be the highest print for the year, ING analysts write.

ING: Czech Republic: Surprising fall in industry

Industrial output fell by 6.4% y/y in June after over 3% growth in previous months. Though subject to calendar effects and other one-off factors, the weaker result also underlines that Czech industry is not immune to the German industrial slowdown.

Stagnation in Russia: how many opportunities are there for international (investment) banks in the rest of the CIS region?

18 days ago

Who’s behind the proposed Turkish buyer of British Steel?

22 days ago

Russian sanctions fifth anniversary, but no reason to celebrate

1 month ago

COMMENT: Romania's inflation above 4% again

1 month ago

ING: Czech Republic: Surprising fall in industry

1 month ago

More Opinion

Data

Romania’s industrial output at two-year low

Industrial growth has remained feeble since the beginning of the year, but broken down by segment the figures indicate a shift towards higher value production.

Ukraine reports 0.3% m/m deflation in August

Ukraine sees deflation in August. Annual inflation stood at 8.8% year-on-year in August following 9.1% y/y in July.

Moldova’s inflation marginally up to 5.5% y/y in August

Food prices (up 8.4% y/y in August) have been and will remain until the end of the year one of the key inflationary drivers in Moldova.

Slovenia's industrial production up 5.1% y/y, rises 2.7% m/m in July

The growth accelerated due to the higher output in the key manufacturing industry, despite the fall in the mining and quarrying and electricity, gas, steam and air conditioning sector.

Romania’s trade gap widens by nearly 40% y/y in July

The July figures might overstate the diverging dynamics of exports and imports, but trend data confirm that exports are slowing at a significantly steeper rate than imports.

Romania’s industrial output at two-year low

2 days ago

Ukraine reports 0.3% m/m deflation in August

4 days ago

Moldova’s inflation marginally up to 5.5% y/y in August

4 days ago

Slovenia's industrial production up 5.1% y/y, rises 2.7% m/m in July

5 days ago

Romania’s trade gap widens by nearly 40% y/y in July

5 days ago

More Data

Features

Turkmenistan is suffering an economic crisis of its own making

Turkmenistan is tremendously rich in natural resources, with around 10% of the world’s total gas reserves. Yet thanks to the bizarre behaviour of President Gurbanguly Berdimuhamedov the economy is on the verge of a crisis

Ozon battling it out for e-commerce supremacy

Russia’s old economy is stagnating, but the new one of e-commerce is growing in double digits and is still accelerating. All the conditions for e-commerce to take off are now in place, CEO of Ozon Alexander Shulgin tells bne IntelliNews.

Uzbekistan banking on international investors

As country opens up, tastiest of the low-hanging fruit is seen in the banking sector.

Ukraine’s new parliament sets itself a hectic legislative agenda

The new Ukrainian President Volodymyr Zelenskiy is in a hurry and he has set the new parliament a hectic and hugely ambitious legislative agenda for its first year in office.

KAZAKHSTAN, POST-NAZARBAYEV: Avalanche of news as Tokayev gives first state-of-the-nation address

New president pledges to support multi-party system and allow peaceful protests. Anti-China demo in oil mining town. Tenge set to weaken further. Political pressure on central bank for affordable credit. Nazarbayeva re-nominated as Senate speaker.

Turkmenistan is suffering an economic crisis of its own making

7 days ago

Ozon battling it out for e-commerce supremacy

9 days ago

Uzbekistan banking on international investors

12 days ago

Ukraine’s new parliament sets itself a hectic legislative agenda

12 days ago

KAZAKHSTAN, POST-NAZARBAYEV: Avalanche of news as Tokayev gives first state-of-the-nation address

12 days ago

More Features

Blogs

ISTANBUL BLOG: Erdogan goes for economic machismo and warns of “mischief makers” as rumours of a challenger are firmed up

Strongman may have to contend with new party formed by ex-economy czar Ali Babacan.

ISTANBUL BLOG: Turkish assets rally ahead of near bolted-on rate cut. Is Erdoganomics no joke after all?

Critics continue to pick apart the data underlying official GDP and inflation, but perhaps it’s time instead for them to prostrate themselves before a strongman’s brilliance they cannot understand.

Poland remembers World War Two: reconciliation and resentment

The war, which left Poland in ruins and with 6mn dead, continues to influence politics in the Twitter era — reinforcing reconciliation but also fuelling resentment.

BRICKS & MORTAR: Corporates turn to flexi workspaces in battle for talent

Flexible workplaces and co-working spaces, originally the domain of creatives and solo entrepreneurs, are increasingly attractive to larger companies in their quest to attract and retain talent.

TASHKENT BLOG: Wandering along the Silk Road

Uzbekistan has made huge strides under its new reform-minded leader. He’s pulling out all the stops. A “rabbit loans” scheme literally enabling poor people to buy bunnies for food and fur may have fizzled but for investors there's a hot scene.

ISTANBUL BLOG: Erdogan goes for economic machismo and warns of “mischief makers” as rumours of a challenger are firmed up

9 days ago

ISTANBUL BLOG: Turkish assets rally ahead of near bolted-on rate cut. Is Erdoganomics no joke after all?

11 days ago

Poland remembers World War Two: reconciliation and resentment

14 days ago

BRICKS & MORTAR: Corporates turn to flexi workspaces in battle for talent

16 days ago

TASHKENT BLOG: Wandering along the Silk Road

17 days ago

More Blogs

Latest Updates

News

Speculation that South Korean tyre maker's decision to delay €268mn investment at its Hungarian plant is linked to shortage of workforce.

Largest Turkish mobile operator says shareholders Telia, Cukurova Holding and Russian tycoon Mikhail Fridman’s LetterOne have agreed to vote for profit distribution.

Energy companies left up to their necks in debt by lira crisis.

Ex-economic czar Ali Babacan says the condition in which Turkey is currently in is “truly saddening”. Takes aim at state of economy, human rights and rule of law.

It’s official: France is actively working for a reset in relations with Russia. “The time has come, the time is right, to work towards reducing the distrust between Russia and Europe," Jean-Yves Le Drian, the French foreign minister says

Tech

Investment will allow family owned DocProcess to expand in Romania and in the wider European market.

CEZ executive calls Zolar the "pioneer of an innovative, decentralised model for purchasing rooftop solar systems".

Pilot blockchain transaction during Russia’s Eastern Economic Forum is an early foray into a technology that is popular with Russians.

GetMyBoat, which describes itself as the world’s largest “Airbnb (or Uber) for boats” has seen a dramatic surge in business in Central, Eastern and especially Southeast Europe this summer.

Porsche is strengthening its existing partnership with Rimac Automobili after it bought a 10% stake in the Croatian electric super sports car maker last year.

Opinion

Russia is not a growing market for international banking and capital market business at present. That's why people like to look for business and deal opportunities in smaller regional markets in the CIS region.

GPW Political Risk on how the move by a military pension fund unit to acquire the unloved, neglected UK company may have been motivated by Turkish President Recep Tayyip Erdogan’s personal agenda—and he may require a political quid pro quo.

This summer mark the fifth anniversary of Western sanctions against Russia. But taking a quick look at Russian economic and financial sector indicators and you'd wonder if the sanctions are still in place.

At 4.1% y/y, Romania's July inflation will probably be the highest print for the year, ING analysts write.

Industrial output fell by 6.4% y/y in June after over 3% growth in previous months. Though subject to calendar effects and other one-off factors, the weaker result also underlines that Czech industry is not immune to the German industrial slowdown.

Data

Industrial growth has remained feeble since the beginning of the year, but broken down by segment the figures indicate a shift towards higher value production.

Ukraine sees deflation in August. Annual inflation stood at 8.8% year-on-year in August following 9.1% y/y in July.

Food prices (up 8.4% y/y in August) have been and will remain until the end of the year one of the key inflationary drivers in Moldova.

The growth accelerated due to the higher output in the key manufacturing industry, despite the fall in the mining and quarrying and electricity, gas, steam and air conditioning sector.

The July figures might overstate the diverging dynamics of exports and imports, but trend data confirm that exports are slowing at a significantly steeper rate than imports.

Features

Turkmenistan is tremendously rich in natural resources, with around 10% of the world’s total gas reserves. Yet thanks to the bizarre behaviour of President Gurbanguly Berdimuhamedov the economy is on the verge of a crisis

Russia’s old economy is stagnating, but the new one of e-commerce is growing in double digits and is still accelerating. All the conditions for e-commerce to take off are now in place, CEO of Ozon Alexander Shulgin tells bne IntelliNews.

As country opens up, tastiest of the low-hanging fruit is seen in the banking sector.

The new Ukrainian President Volodymyr Zelenskiy is in a hurry and he has set the new parliament a hectic and hugely ambitious legislative agenda for its first year in office.

New president pledges to support multi-party system and allow peaceful protests. Anti-China demo in oil mining town. Tenge set to weaken further. Political pressure on central bank for affordable credit. Nazarbayeva re-nominated as Senate speaker.

Blogs

Strongman may have to contend with new party formed by ex-economy czar Ali Babacan.

Critics continue to pick apart the data underlying official GDP and inflation, but perhaps it’s time instead for them to prostrate themselves before a strongman’s brilliance they cannot understand.

The war, which left Poland in ruins and with 6mn dead, continues to influence politics in the Twitter era — reinforcing reconciliation but also fuelling resentment.

Flexible workplaces and co-working spaces, originally the domain of creatives and solo entrepreneurs, are increasingly attractive to larger companies in their quest to attract and retain talent.

Uzbekistan has made huge strides under its new reform-minded leader. He’s pulling out all the stops. A “rabbit loans” scheme literally enabling poor people to buy bunnies for food and fur may have fizzled but for investors there's a hot scene.

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Russia’s e-commerce is booming, growing ten-times faster than the traditional economy but it still only accounts for 4.5% of the....

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