INTERVIEW: “The weekend’s protests were the Russian peoples’, not the opposition’s” – Maxim Reznik
Western Balkans citizens legally resident in EU equal to 14% of region’s population
International Ice Hockey Federation (IIHF) has stripped Belarus of the right to hold the World Championship this year
Alexei Navalny arrested on arrival as he returns home
Russia's NorNickel adopts blockchain for supply chain management
Russia goes ahead with eSIM technology
Russia's retailer X5 Group posts 13% sales growth in 4Q20
National Bank of Ukraine retains a key policy rate at 6%, the outlook of the CPI deteriorates
Western Balkans and Ukraine urged to scrutinise coal subsidies
Oligarchs trying to derail Ukraine’s privatisation programme, warns the head of Ukraine’s State Property Fund
VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
LONG READ: The oligarch problem
OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Czech MPs pass protectionist food law in violation of EU rules
M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
Polish industrial production continues boom in December
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
FDI inflows to CEE down 58% in 1H20 but rebound expected
BALKAN BLOG: Superstition and resentment surround vaccination plans
Albania needs reforms for e-commerce to thrive, says World Bank
BALKAN BLOG: US approach to switch from quick-fix dealmaking to experience and cooperation
Bosnia's exports in 2020 amounted to BAM10.5bn, trade deficit to BAM6.3bn
Retailers and restaurant owners threaten protests in Bulgaria if reopening is delayed
Bulgaria's Biodit first company to IPO on new BEAM market
Bulgaria’s government considers gradual easing of COVID-related restrictions
Spring lockdown caused spike in online transactions in Croatia
ING: Growth in the Balkans: from zero to hero again?
Labour demand down 28% y/y in Croatia in 2020
Kosovo’s biggest opposition party risks being unable to run in general election
OUTLOOK 2021 Moldova
Storming parliaments: New Europe's greatest hits
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
Romania government to pursue “ambitious” timetable for justice reforms
Private finance mobilised by development banks up 9% to $175bn in 2019
OUTLOOK 2021 Romania
Slovenia’s economic sentiment indicator up 2.2 pp m/m in January
OUTLOOK 2021 Slovenia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
Slovenia’s government to release funds to news agency STA after EU pressure
D’S Damat franchise deals ‘show Turkey’s hard-pressed mall operators becoming their own tenants’
Turkey’s benchmark rate held as concerns over faltering recovery come to fore
Turkish lira breaches HSBC’s stop-loss, Turkey ETF signalling outflows
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
OUTLOOK 2021 Azerbaijan
OUTLOOK 2021 Georgia
Iran’s President Khamenei menaces private citizen Trump
Iran’s technology minister indicted for failing to properly implement internet censorship
No US move to rejoin Iran nuclear deal imminent, say Biden national security nominees
TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
Central Asia vaccination plans underwhelm, but governments look unruffled
Fears of authoritarianism as Kyrgyz populist wins landslide and backing for ‘Khanstitution’
OUTLOOK 2021 Mongolia
Mongolia's PM quits amid protests over treatment of mother with coronavirus and newborn baby
Mongolia's winter dzud set to be one of most extreme on record says Red Cross
Mongolian coal exports to China paralysed as Beijing demands virus testing of truck drivers
OUTLOOK 2021 Tajikistan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
Download the pdf version
Azerbaijan said on December 3 that it lost nearly 2,800 soldiers in the 44-day Nagorno-Karabakh war with Armenia that concluded in early November.
It was the first time that Baku had disclosed its military casualties. Defence ministry officials gave a precise death toll of 2,783, adding that more than 100 soldiers were still missing. Another 1,245 were being treated in medical facilities. Work was under way to identify around 100 dead servicemen by DNA analysis.
Armenia’s health ministry said on December 2 in an update that at least 2,718 Armenian servicemen were killed in the fighting.
Both sides have also said that scores of their civilians were killed in the conflict, accusing each other of indiscriminate shelling, including with cluster munitions.
The hostilities ended on November 10 with a Russia-brokered peace deal. It saw Azerbaijan retain control of territories it regained during the conflict, while Armenian forces were permitted to keep control of parts of the enclave that ethnic Armenians have controlled for more than a quarter-century, despite international law stating that all of the territory is part of Azerbaijan.
Russia has deployed nearly 2,000 peacekeepers for a period of at least five years to monitor the ceasefire deal and facilitate the return of refugees. Turkey is to send personnel to a monitoring centre it will run with Russia that will use observation drones to help ensure the truce endures. Ankara said this week the centre is under construction. It is expected that it will be located on Azerbaijani territory.
Azerbaijan celebrated the end of the fighting as a national triumph. President Ilham Aliyev declared on December 3 that November 8 will be celebrated nationally in future as Victory Day to mark the takeover of Shusha, a key city in Nagorno-Karabakh with cultural and religious significance for both Azerbaijan and Armenia, by Azerbaijani forces.
Aliyev earlier set the holiday for November 10, but he reconsidered because Turkey, which is Azerbaijan’s main ally, celebrates Ataturk Memorial Day on that date.
Pressure on Pashinian to quit rises
Separately, opposition groups in Armenia have this week stepped up their campaign to force Prime Minister Nikol Pashinian to quit over his handling of the Nagorno-Karabakh conflict by naming a single candidate they want to head a transitional government until a new general election can be held.
The move was announced by 17 opposition parties on December 3. The nominee for acting PM is 74-year-old Vazgen Manukian, a former Soviet era prime minister and ex-defence minister. He would, said the parties, head a “transitional, anti-crisis government”.
Pashinian is feeling increasing heat from many Armenians who are angry that he agreed to the Russian-brokered ceasefire that left Azerbaijani forces in possession of swathes of the breakaway mountainous territory and surrounding territories previously occupied by ethnic Armenians.
In their statement, the 17 opposition parties announced that they had set up a “pan-Armenian, nonpartisan” movement. It would, they added, feature “representatives of political parties, the intelligentsia, and the general public”.
One objective, they said, was “getting rid of the catastrophic regime of Armenia in a constitutional way, creating a transitional, anti-crisis government, which will prevent the loss of Armenian statehood, [and] carry out postwar recovery".
The evening of December 3 saw hundreds of people blocking streets in the capital, Yerevan, shouting slogans such as “Nikol, leave!”
Pashinian has steadfastly refused to resign. He has contended that the country’s armed forces advised him that the military situation in Nagorno-Karabakh had become hopeless for Armenia and that resisting the Azerbaijani offensive any longer would only result in more military and civilian casualties and the loss of the enclave in its entirety. The peace deal, which is yet to be negotiated to the point where the final status of Nagorno-Karabakh is settled, gives ethnic Armenians the right to maintain control of parts of the self-proclaimed republic, even though the whole of the territory is internationally recognised as part of Azerbaijan.
Also on December 3, Hetq reported Armenian Minister of Labour and Social Affairs Mesrop Arakelyan as saying that an estimated 80,000 residents of Nagorno-Karabakh were now living in Armenia having been displaced by the war.
Arakelyan said the government was aiming to get as many of these people back to the enclave as possible. He added that the state was paying each displaced citizen who could not presently return to their home—because it was either destroyed in the war or was located in an area now under Azerbaijani control—300,000 Armenian dram ($588).
The minister added that several thousand Armenian servicemen were still undergoing medical treatment as a consequence of the conflict.
The Eurasian economic integration strategy until 2025 is designed to help Eurasian Economic Union member states to increase non-resource exports by a quarter, Chairman of the Eurasian Economic ... more
The planned Turkish-Russian joint monitoring centre that will join the effort to keep the peace in line with the ceasefire that in early November ended the six-week Nagorno-Karabakh war is to be ... more
Iran apparently inadvertently insulted Azerbaijani Foreign Minister Jeyhun Bayramov on December 9 with a creased flag as he visited Tehran.
The faux-pas was not the first of its kind made by ... more
here to continue reading this article
and 5 more for free or purchase
12 months full website access including
the bne Magazine for just $250/year.
Register to read the bne monthly magazine for
Password could contain only
and have 8-20 symbols length.
Please complete your registration by confirming your
A confirmation email has been sent to the email
address you provided.
can't be empty.
No user with
this email address.
Access recovery request has expired, or you are using
the wrong recovery token. Please, try again.
Access recover request has expired.
Please, try again.
To continue viewing our content you need to complete
the registration process.
Please look for an email that was sent to
with the subject line
"Confirmation bne IntelliNews access". This email will have
instructions on how to complete registration
process. Please check in your "Junk" folder in
case this communication was misdirected in your
If you have any questions please contact us at email@example.com
Sorry, but you have used all your free articles fro
this month for bne IntelliNews. Subscribe
to continue reading for only $119 per year.
Your subscription includes:
For the meantime we are also offering a free
digital weekly newspaper to subscribers to
the online package.
Click here for more subscription options,
including to the print version of our
flagship monthly magazine:
Take a trial to our premium daily news
service aimed at professional investors that
covers the 30 countries of emerging
For any other enquiries about our
products or corporate discounts please
contact us at
If you no longer wish to receive
Magazine annual print
Website & Archive
Combined package: web
access & magazine print
Take a trial to our premium daily news service
aimed at professional investors that
covers the 30 countries of emerging Europe: