News

Serbian President Vucic reins in Dodik to calm situation in Bosnia

Eldar Dizdarevic in Sarajevo October 25, 2021

Meeting between Bosnian Serb leader and Serbian president held after rising tensions in Bosnia following Milorad Dodik's announcement that Serbs would withdraw from joint state-level institutions.

Hungary marks anniversary of anti-Soviet uprising in high-pitch campaign mode

bne IntelliNews October 25, 2021

Hungarian election campaign starts early as Orban warns of Soros-led plot to return puppet master Gyurcsany to power.

Russia's CBR ramps up key rate to 7.5% in hawkish move

bne IntelliNews October 25, 2021

The board of the Central Bank of Russia resolved to increase the key interest rate by 75 basis points to 7.5% at the policy meeting of October 22, making a hawkish move that surprised the market.

Erdogan orders 10 western ambassadors declared persona non grata after ‘impudent’ Kavala release call

bne IntelIiNews October 23, 2021

Move may prove to be nothing more than rhetoric. An election is not far off and Erdogan, under pressure on many fronts, is floundering in the opinion polls.

Rare 'rat king' found in Estonia

bne IntelliNews October 22, 2021

It is likely that it is just the second registered finding of such a phenomenon in the world this century – and the last one was also in Estonia.

Russia's Renaissance Insurance raises $250mn in IPO

bne IntelliNews October 22, 2021

Russian insurance company Renaissance Insurance Group announced the final price for its initial public offering (IPO) on Moscow Exchange of RUB120 ($1.69) per ordinary shares and completed its IPO on October 21.

Romania’s president appoints General Nicolae Ciuca as second PM-designate

bne IntelIiNews October 22, 2021

Ruling PNL party plans to form a minority cabinet with the support of the ethnic Hungarian UDMR, and without their former partners, the USR.

Nearly everyone in Iran infected by coronavirus at some point concludes study

bne IntelIiNews October 21, 2021

Country nevertheless hasn’t achieved herd immunity as it faces sixth COVID-19 wave driven by delta variant, it adds.

Tinkoff enters e-commerce race as competition intensifies

Theo Normanton in Moscow October 21, 2021

Russian online bank Tinkoff has launched an e-commerce venture. The new platform, a constellation of services and tools designed to help entrepreneurs. To manage it the bank has hired Ilya Kretov, formerly eBay’s CEO for Global Emerging Markets.

Polish government dithers as COVID-19 infections soar

bne IntelliNews October 21, 2021

Only half the population has been vaccinated and the least vaccinated regions also happen to be the most pro-government.

Russian metallurgical company Metalloinvest to build the world’s largest HBI iron plant

bne IntelliNews October 21, 2021

Leading Russian metallurgical company Metalloinvest signed off on a deal with a consortium of companies to build the world’s biggest hot briquetted iron plant, the preferred form of iron from which high quality steel can be produced.

Ciolos fails to win confidence vote in Romanian parliament

bne IntelIiNews October 21, 2021

USR's leader cabinet failed to secure support from any other party and was only backed by 88 MPs out of a total of 466.

wiiw hikes 2021 CEE growth forecast to 5.4%

Robert Anderson in Prague October 21, 2021

Growth is predicted to fall to 3.7% in 2022 and 3.5% in 2023 because of base effects, monetary tightening and more significant external headwinds.

Ukraine to be self-sufficient in gas and abandon imports within five years – Naftogaz

Ben Aris in Berlin October 21, 2021

Ukraine will be able to fully supply itself with gas and abandon gas imports entirely within five years, Yuriy Vitrenko, chairman of the Ukraine’s national gas company Naftogaz said during a conference in Kyiv.

Russia orders non-working week from October 30 to curb surging coronavirus infections

bne IntelliNews October 21, 2021

The number of coronavirus (COVID-19) cases in Russia has hit a record high of more than 34,000 new cases per day and the country’s death toll has surpassed 1,000 per day. The government has given the population a week off to stem the spread.

UK ‘tells trapped Afghan interpreters to escape on their own’

bne IntelIiNews October 20, 2021

Advice reportedly seen in emails tells former employees who served British armed forces to “actively consider evacuating to a third country”. Former UK government aid programme manager calls situation “morally indefensible”.

New Czech lower house to vote on lifting Babis' immunity for EU fraud prosecution

bne IntelliNews October 20, 2021

Stork's Nest case to return to haunt outgoing premier as he heads for opposition benches.

Poland and the EU ratchet up judicial dispute

Wojciech Kosc in Warsaw October 19, 2021

Prime Minister Mateusz Morawiecki defends Polish position in European Parliament as European Commission President Ursula von der Leyen warns that the EU will not hesitate to withhold funding.

Lockdown in Latvia planned from October 21

bne IntelliNews October 19, 2021

Highest-ever COVID-19 infection figures force government to consider month-long lockdown.

Ukraine’s Naftogaz asks to take part in decision to certify Nord Stream 2 gas pipeline

bne IntelliNews October 19, 2021

Naftogaz says Nord Stream 2 cannot be certified because it does not fully comply with European legislation.

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