Eastern Europe / News

Markets react positively to Yandex' change of governance rules

bne IntelliNews November 18, 2019

Changes at the Russian internet giant were intended to allay the state’s fears that a “strategically important” technology company will fall under the control of foreign powers.

Veteran Russian tour operator Intourist reportedly considers IPO

bne IntelliNews November 18, 2019

Russia’s oldest and largest tour operator Intourist is planning an IPO, after Anex Tour owner Neşet Koçkar completes a buyout of its shares from troubled Thomas Cook.

Russia's billionaire car salesman, owner of Rolf to sell up

bne IntelliNews November 15, 2019

The owners of the largest car dealer in Russia Rolf are looking for buyers for 100% in the company, Vedomosti daily reported on November 14 citing the founder of the dealer Sergei Petrov.

MOEX and Institutional Investor name Russia’s top IR teams and people

bne IntelliNews November 14, 2019

In a much sought-after title within the investment banking world, the US magazine Institutional Investor, together with Moscow Exchange, have presented their best investor relations professionals in Russia awards.

Ukraine on course to smash its 2019 grain harvest record, remain world’s biggest grain exporter

Ben Aris in Berlin November 13, 2019

With the winter grain harvest still underway Ukraine’s farmers have already brought in more grain this season than in all of last year and are on course to smash the previous record.

Ukraine main anti-graft agency detains former central bank governor's deputy

bne IntelliNews November 12, 2019

The National Anti-Corruption Bureau (NABU), the country's main anti-graft agency, has detained former deputy governor of the National Bank of Ukraine (NBU) Oleksandr Pysaruk among seven people who have been accused of embezzling UAH1.2bn ($49mn)

Moscow has the second highest road rage score in the world

Ben Aris in Berlin November 12, 2019

Mister Auto released a survey of which cities in the world are the best and worst to drive in that found Moscow has the second highest road rage index in the world, after only Ulaanbaatar.

Moscow judge refuses to release two more Russian national Baring Vostok partners to house arrest

bne IntelliNews November 12, 2019

A Moscow court extended the pre-trial detention of the remaining two partners in the Baring Vostok fund, Ivan Zyuzin and Vagan Abgaryan, until January that worked with Russia’s top fund manager Michael Calvey.

Ukraine president pledges to hold a referendum on farmland sales for foreigners

bne IntelliNews November 12, 2019

The Ukrainian authorities will allow farmland sale to foreign citizens and companies only if the Ukrainian people give consent to it at a referendum, the nation's President Volodymyr Zelenskiy said on November 11.

Germany fails to protect Nord Stream 2 from EU gas laws

bne IntelliNews November 11, 2019

Germany’s Bundestag parliament has failed to pass a bill that would have helped shield the controversial Nord Stream 2 gas pipeline project from recent amendments to the EU’s gas directive.

Russia’s RTS index hits six year high, MOEX sets a new all time record as Santa rally gets underway

Ben Aris in Berlin November 7, 2019

Its been a good week for Russian stocks as the dollar denominated Russia Trading System index hit 1,471 as of November 7, its highest level in six years, and the ruble denominated Moscow Exchange Index crossed above 3,000 for the first time.

Ukraine's natural gas monopoly raises $500mn via new Eurobond placement

bne IntelliNews November 5, 2019

Ukraine's natural gas monopoly Naftogaz has raised $500mn via a seven-year Eurobond, the company said in a statement on November 5.

Warm relations between Budapest and Moscow confirmed at Putin's latest Hungary visit

bne IntelliNews October 31, 2019

Hungarian PM Viktor Orban defended his country's close ties with Russia and talked of Hungary’s position in a regional context “in the triangle between Moscow, Berlin and Istanbul” — with no mention of Brussels.

Denmark greenlights Nord Stream 2 construction in its waters

bne IntelliNews October 31, 2019

After months of bitter wrangling, the government of Denmark gave the go-head for Russia’s Gazprom to build the Nord Stream 2 pipeline through its territorial waters – the last country on the route between Russia and Germany to grant construction perm

Russian supermarket chain Lenta reports first ever fall in revenues as organised retail hits a rough patch

Ben Aris in Berlin October 30, 2019

The second tier Russian supermarket chain Lenta has reported its first ever drop in revenues, but the entire industry is going through a rough patch as shopping habits are changing.

Ukraine president pledges not to return nationalised PrivatBank to former owners

bne IntelliNews October 30, 2019

The team of Ukrainian President Volodymyr Zelenskiy and the new nation's government are not going to return the nation's banks that were nationalised or went bankrupt to the former owners, Zelenskiy said during a speech at the RE: THINK.

Russian consumers pay an extra $7bn a year due to sanctions on EU food imports

bne IntelliNews October 29, 2019

Russia’s sanctions on the import of food products from the EU is costing Russian consumers RUB445bn ($7bn) a year, or about $50 a year per head, according to a study by economists at RANEPA and CEFIR.

Sberbank signs off on deal to buy 20% stake in Mail.ru

bne IntelliNews October 29, 2019

Russia’s largest bank and tech giant wannabe Sberbank has signed a non-binding agreement to acquire a 35% stake in MF Tekhnologii, the owner of a 58.3% voting interest in Mail.ru.

Belarus deploys troops in Lithuanian direction amid NATO maneuvers

bne IntelliNews October 29, 2019

Belarus has "reinforced the nation's border” and "stationed more ground troops in the Lithuanian direction” in reaction to NATO exercises and the deployment of a contingent of US armed forces in neighbouring country near the border with Belarus, the

Moscow court extends Michael Calvey’s house arrest

Ben Aris in Berlin October 29, 2019

The Moscow municipal court denied bail to US citizen Michael Calvey, ruling he must remain under house arrest before a trial where he faces charges of embezzlement and fraud.