Speculation that South Korean tyre maker's decision to delay €268mn investment at its Hungarian plant is linked to shortage of workforce.
Largest Turkish mobile operator says shareholders Telia, Cukurova Holding and Russian tycoon Mikhail Fridman’s LetterOne have agreed to vote for profit distribution.
Ukraine’s parliament continued its legislative tsumani by passing laws that allow the president to be removed by impeachment, cut the number of Supreme Court judges by a third and toughen the punishments for corrupt officials .
“Overly loose monetary policy risks exacerbating Turkey’s age-old vulnerabilities by fueling twin dynamics of inflation and attendant currency weakness,” adds Societe Generale strategist.
Energy companies left up to their necks in debt by lira crisis.
Ex-economic czar Ali Babacan says the condition in which Turkey is currently in is “truly saddening”. Takes aim at state of economy, human rights and rule of law.
It’s official: France is actively working for a reset in relations with Russia. “The time has come, the time is right, to work towards reducing the distrust between Russia and Europe," Jean-Yves Le Drian, the French foreign minister says
The board of National Bank of Ukraine (NBU) has urged the nation's law enforcement agencies to protect the life and health of its former governor Valeria Gontareva, current leadership, and staff.
Fears of a move rose after three Kurdish mayors were kicked out of office. Istanbullers, meanwhile, invited by opposition administration to see exhibit of hundreds of ‘AKP’ official cars as example of squandering of public money by predecessors.
Reports suggest, meanwhile, private lenders in Turkey “pushing hard” for tighter margins in autumn term syndicated loan renewal season.
PiS is campaigning heavily before the October 13 general election in Poland that the incumbent party hopes to win big in order to secure the domination it gained in 2015.
Moldovan central bank says move is in line with international regulations against money laundering and terrorism financing, but officials in the breakaway republic suspect a political motive too.
Hungarian banks reported near-record profit in the first half spurred by an upswing in lending, but the branch of networks continued to shrink, central bank data showed.
Decision to make controversial interior minister the new prime minister set to fuel tensions in the run-up to next year's general election.
Bosnia's first pride parade was attended by thousands, going beyond the organisers’ expectations that only around 500 people would participate.
Bosnia has been without a government since the October 2018 elections, as deep divisions over its relationship with Nato have kept party leaders from forming a coalition.
Among those released in the first concrete move towards ending the conflict between the two countries were Ukrainian film director Oleg Sentsov and the 24 sailors captured by Russia during a naval clash in the Kerch Strait in November.
It took Ukrainian President Volodymyr Zelenskiy three working days to do what former president Petro Poroshenko failed to do over several years. Ukraine’s Anti-Corruption Court started work on September 5, as planned.
To continue with catching up to the west, Hungary’s growth needs to outpace the EU average of 2%, says central bank governor Gyorgy Matolcsy.
Flagship carrier cuts revenue forecast by $0.6bn and passenger volume expectation by 4mn. Difficulties include serious teething problems at Turkey’s new mega airport.