Western Balkans' climate to resemble US Deep South’s by 2050

Clare Nuttall in Glasgow July 19, 2019

Cities in Southeast Europe are forecast to see some of the sharpest increases in average temperatures of any major urban areas worldwide over the next 31 years.

Turkish defence industry will bounce back stronger from F-35 exclusion asserts official

bne IntelliNews July 18, 2019

Doing so will prove a tall order—the Pentagon calculates loss of work will cost fighter jet component manufacturers in Turkey some $9bn.

Russia's president eases path to citizenship for all residents of Ukraine's Donetsk, Luhansk regions

Sergei Kuznetsov in Kyiv July 18, 2019

Kyiv views the move as illegal and Prime Minister Volodymyr Groysman will appeal to other states to declare invalid such "fake" documents as well.

Ankara hits out as US cuts Turkey from F-35 fighter jet programme

bne IntelliNews July 17, 2019

Move in response to Erdogan administration buying Russian missile systems set to cost Nato member country $9bn in projected work share.

Macedonian PM dismisses 70 officials from state institutions in operation "Broom"

Valentina Dimitrievska in Skopje July 17, 2019

Cleanup operation launched after ruling coalition's disappointing performance in the first round of the recent presidential election.

Bulgaria picks French-German consortium as Sofia Airport concessionaire

Denitsa Koseva in Sofia July 17, 2019

Decision was unexpected as the transport ministry said a rival bidder — a consortium comprising France's Aeroports de Paris and Turkey's TAV — had offered the highest concession fee.

Builder of Tallinn-Helsinki tunnel signs MOU with three Chinese contractors

Wojciech Kosc in Warsaw July 17, 2019

The Chinese financing company Touchstone Capital Partners is providing €15bn funding for the project that will become part of Beijing's Belt and Road initiative to link Asia with Europe.

French President Macron pledges to restart Serbia-Kosovo dialogue

Denitsa Koseva in Sofia July 17, 2019

Macron says some external powers "have an interest" in making sure no deal is reached between Serbia and Kosovo, after normalisation talks stalled.

Hungarian investors redeem savings from investment funds to buy new superbond

bne IntelliNews July 17, 2019

Investment funds recorded a record outflow of capital in June as households ploughed their savings to the new Map Plus retail bonds, which offer the highest returns at all stages of maturity.

No FX liquidity crunch yet faced by Turkish banks in wake of lira crisis: Fitch

Akin Nazli in Belgrade July 16, 2019

Rating agency adds that refinancing risks remain high in face of currency volatility and political uncertainties.

Trump frustrated as US moves to cancel Turkey’s order for F-35s

bne IntelliNews July 16, 2019

With deliveries of Russian S-400 missile systems to Turks under way, Washington officials say Ankara won’t get its hands on world’s most advanced fighter jet. Commander-in-chief says situation is not “fair” and blames Obama.

Ukrainian oligarch Firtash continues legal battle in Austria despite Vienna's final extradition decision

bne IntelliNews July 16, 2019

In June, the Supreme Court of Austria cleared the way for Firtash to be extradited to the US to face corruption charges, but he is allowed to stay in Austria while a court considers a defence motion to re-open the case against him.

FRONTIER MARKETS: Oltin fund to be first internationally listed Uzbek security

bne IntelliNews July 16, 2019

Specialist LSE listing to provide investors with chance to get in early on Uzbekistan’s move from Soviet-type economy to market economy.

Turkey meets EU Cyprus gas drilling sanctions with ‘fourth ship’ announcement

bne IntelliNews July 16, 2019

Growing sense among analysts that with economy shot Erdogan is provoking constant ‘state of emergency’ to hold on to power.

Europe’s Iran nuclear deal policy “insolent” says Khamenei

bne IntelliNews July 16, 2019

Jibe follows meeting of EU foreign ministers at which delicate question of accepting Iranian oil in barter trades arose.

Sberbank reportedly sues ex-owner of Antipinsky refinery Mazurov

bne IntelliNews July 16, 2019

The troubles of Russia's largest independent vertically integrated refinery Antipinsky led Sberbank to prepare to bankrupt the company, while London courts froze €225mn worth of assets.

Ukraine's natural gas monopoly raises €600mn, $335mn via Eurobonds placement

Sergei Kuznetsov in Kyiv July 16, 2019

Naftogaz says it's better able to prepare for the next winter season by accumulating gas in its underground gas storage facilities after raising funds on attractive terms.

ExxonMobil reportedly plans to pull out of offshore gas project in Romania

bne IntelliNews July 15, 2019

ExxonMobil has invested some $700mn in the Neptun Deep project in the Romanian section of the Black Sea.

Home Credit files for Hong Kong public offering

Nelly Tomcikova in Prague July 15, 2019

Consumer lender majority owned by Czechia's richest man Petr Kellner mulls Hong Kong listing that could raise more than $1bn.

Poll shows high hopes ahead of Ukraine’s weekend general election

Ben Aris in Belrin July 15, 2019

Zelenskiy’s Servant of the People party still riding wave of popularity. Looks set to win by far largest share of vote and possibly outright majority.