COVID-19 and Trump’s indifference helped human rights abusers in 2020
Belarusian government sees $2bn of withdrawals, issues $580mn worth of bonds in 2020
Lukashenko: I am no enemy of the people
Storming parliaments: New Europe's greatest hits
One of Russia’s biggest wood product companies, Segezha could be Sistema’s next IPO
The volume of the Russian National Wealth Fund tops $183.93bn as gold overtakes dollar asset for first time
EU to begin certifying Russian Sputnik V vaccine for use in Europe
New Ukrainian VC firm QPDigital aims to invest up to $100 million in digital startups
EBRD investments reach record €11bn in pandemic-struck 2020
FPRI BMB Ukraine: Most Ukrainians are optimistic about 2021 – poll
OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Estonian premier quits after Tallinn development scandal
Top Centre Party official suspected of corruption in Tallinn real estate scandal
Czech Pirates and Mayors approve final coalition agreement for 2021 elections
OUTLOOK 2021 Czechia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
Romanian tech entrepreneurs expand into banking sector
OUTLOOK 2021 Hungary
Hungarian government remains silent after Capitol riots
World Bank expects modest recovery for Europe and Central Asia in 2021
FDI inflows to CEE down 58% in 1H20 but rebound expected
OUTLOOK 2021 Slovakia
Slovakia to invest €1.2bn in digitisation
BALKAN BLOG: The controversial recipe for building up Albania
Heavy flooding causes chaos in parts of Southeast Europe
Vodafone Albania plans €100mn infrastructure investments after AbCom merger
OUTLOOK 2021 Albania
Kyiv accuses Bosnian President Dodik of lying about icon gifted to Russian foreign minister
Bosnia’s real GDP contracts 6.3% y/y in 3Q20
Sofia-based LAUNCHub Ventures holds first close of new fund on €44mn
ING THINK: Growth in the Balkans: from zero to hero again?
OUTLOOK 2020 Bulgaria
Labour demand down 28% y/y in Croatia in 2020
Zagreb Stock Exchange's Crobex10 index at highest level since March 5
OUTLOOK 2021 Kosovo
Arrera Automobili aims to launch Albania’s first supercar
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
Moldova’s PM resigns to prepare the ground for early elections
Socialist lawmakers in Moldova scrap settlement on $1bn bank frauds
Montenegro’s new ruling coalition carves up top state jobs
OUTLOOK 2021 Montenegro
Vast tide of floating waste threatens Balkan hydropower plants
North Macedonia's manufacturing confidence indicator down by 8.5 pp y/y in December
OUTLOOK 2021 North Macedonia
Transparency International warns of high corruption risk in CEE defence sectors
Moldova fears flooding from Ukraine's planned Dniester hydropower plants
Romania’s industrial recovery paused in November
OUTLOOK 2021 Serbia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
UK Moneyhub picks Slovenia for post-Brexit European base
Slovenia’s dire COVID-19 situation in 4Q20 caused second economic dip
Slovenia’s Eligma completes €4mn funding round
BEYOND THE BOSPORUS: Let’s tentatively pencil in a date for Turkey’s hot money outflow
Turkish opposition leader lawsuit demands one lira from Erdogan, police probe “bald” interior minister posts
OUTLOOK 2021 Armenia
Armenia’s PM cautions conflict with Azerbaijan “still not settled” after trilateral meeting with Putin
COMMENT: Record high debt levels will slow post-coronavirus recovery, threaten some countries' financial stability, says IIF
Russia, Kazakhstan pushing for oil production increases on the back of coronavirus vaccine-fuelled oil price optimism
OUTLOOK 2021 Georgia
Georgia’s political kingpin Bidzina Ivanishvili quits politics
Modern-day “Robin Hood” inspires Georgians drowning in debt
Iran’s navy conducts missile drill while analyst argues Trump even capable of nuclear strike in final days
TEHRAN BLOG: Who’s more credible? Johnson backing Trump’s Nobel chances or Iran applauding arrest warrant for US president?
STOLYPIN: Scope for limited progress under Biden, so long as the past remains the past
Central Asia vaccination plans underwhelm, but governments look unruffled
Fears of authoritarianism as Kyrgyz populist wins landslide and backing for ‘Khanstitution’
OUTLOOK 2021 Kyrgyzstan
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
Mongolia fears economic damage as country faces up to its first local transmissions of coronavirus
Mongolia in lockdown after suffering first local coronavirus transmissions
OUTLOOK 2021 Tajikistan
China business briefing: Not happy with Kyrgyzstan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
Turkmenistan: The dammed united
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
OUTLOOK 2021 Uzbekistan
Uzbekistan’s Makro positions itself for growth in a more competitive market
Download the pdf version
Political leaders from much of the Central and Southeast Europe region rushed to congratulate the new US president-elect Joe Biden on November 7.
After days of anxious waiting — in the US and worldwide — while the vote count continued in several critical swing states, the result was finally called for Biden on November 7 when he secured victory in the state of Pennsylvania.
Many of the formal statements and social media posts by politicians from the region highlighted the importance they place on maintaining good trade and security relations with the world’s largest economy and an important geo-strategic player in the countries on Russia’s western flank.
“Congratulations to president-elect @JoeBiden on his victory. I look forward to further consolidating our solid&dynamic #StrategicPartnership in all its dimensions. Romania will continue to work to strengthen the security, prosperity & resilience of our transatlantic community,” tweeted Klaus Iohannis, president of Romania, a staunch ally of the US in the Southeast Europe region.
“I heartily congratulate Joe Biden on being elected as the next president of the United States of America. Looking forward to all-round and friendly cooperation. It is important for the Czech Republic that the new president actively approaches allied commitments to Nato and seeks to conclude a trade agreement with the EU,” wrote Czech Prime Minister Andrej Babis on his Facebook page.
“Congratulations to president-elect @JoeBiden and vice president-elect @KamalaHarris! Croatian government @VladaRH looks forward to working with you and your administration on strengthening bilateral ties and enhancing transatlantic partnership!” tweeted Croatian Prime Minister Andrej Plenkovic.
Less predictably, Poland’s President Andrzej Duda was one of the first to congratulate Biden from the region, writing on Twitter:
“Congratulations to @JoeBiden for a successful presidential campaign. As we await the nomination by the Electoral College, Poland is determined to upkeep high-level and high-quality PL-US strategic partnership for an even stronger alliance.”
The congratulatory message for Biden came despite his rival, the US incumbent President Donald Trump, having helped Duda to re-election in June when he hosted the Polish president just days before the presidential vote in Poland.
Duda and the Law and Justice (PiS)-led government in Warsaw, along with the right-wing government led by Hungarian Prime Minister Viktor Orban in Budapest, would have been expected to gain confidence from a Trump victory. Conversely, Trump’s defeat is likely to force Budapest and Warsaw to take a softer stance in their often acrimonious relations with Brussels.
Orban in particular is an outspoken critic of efforts by western politicians and the EU to foist liberal values onto Hungary. Ahead of the election he was an open supporter of Trump’s re-election and slammed the “moral imperialism” of previous Democratic administrations.
Another staunch supporter of the outgoing US president is Slovenian Prime Minister Janez Jansa, who maintained this stance even after it became clear that Biden had won the vote.
“Interesting. Complaints have been filed in all US states with a close outcome. The courts have not even begun to decide. Nevertheless, the #MSM [mainstream media] (and not some official body) announces the winner. Congratulations from all sides. The rule of law is [grinning face]” Jansa tweeted in the evening of November 7.
In the Western Balkans, the outcome of the US election is inextricably linked to regional politics. Trump has strong supporters in the region, particularly in Serbia and Bosnia & Herzegovina’s Serb entity Republika Srpska. As of the evening of November 7, their leaders had not yet spoken out on the result.
Conversely, Kosovan PM Avdullah Hoti was quick to write on Twitter: “On behalf of the gov. of #Kosovo I extend my congrats to president elect @JoeBiden & @KamalaHarris on wining the #USAElections. I look forward to strengthening our permanent friendship with USA & continuing our work on behalf of our people & in service of our shared values.”
And Montenegrin President Milo Djukanovic — who has just seen his Democratic Party of Socialists ousted by a coalition including pro-Serbian and pro-Russian parties — sent an effusive series of tweets to Biden and his running mate Kamala Harris.
“Great victory for the American people and confirmation of how strong American democracy is! Great victory for the democratic world! Heartiest of congratulations to the president-elect @JoeBiden!” he wrote.
“Beginning of the new stage of our fruitful cooperation and continuity of our several decades long friendship and trust. To the benefit of relations and trans-Atlantic alliance. Congratulations to #USA for organising and conducting the elections during the pandemic.”
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 firstname.lastname@example.org
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: