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.

Halkbank shares head south in Istanbul after Erdogan’s White House meeting produces little

bne IntelliNews November 14, 2019

State bank embroiled in Iran sanctions-busting case. Mention of Turkish strongman in indictment and Trump Tower Istanbul under renewed scrutiny. No progress on ‘S-400’ row. Senators not thrilled at Oval Office showing of anti-Kurdish propaganda film.

Hungary delays pension bond issue due to success of MAP+

bne IntelliNews November 14, 2019

The finance ministry and the state debt manager, AKK, did not want to launch a new bond issue against a successful bond programme already in place.

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.

Moldovan PM Sandu loses confidence vote

Iulian Ernst in Bucharest November 13, 2019

Shaky coalition between Sandu's pro-EU ACUM bloc and President Dodon's pro-Russian Socialists fractures after just five months.

Czech CEZ’s Turkey-listed JV restructures $854mn loan with Yapi Kredi Bank

Akin Nazli in Belgrade November 12, 2019

Markets, meanwhile, draw breath as Erdogan prepares for November 13 White House meeting with Trump. Betting is that the two strongmen will reach an accommodation.

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.

Crisis within Moldova’s ruling coalition makes Plahotniuc’s party a key player again

Iulian Ernst in Bucharest November 12, 2019

Moldova’s parliament is poised to vote on the no-confidence motion submitted by the Socialist Party of President Igor Dodon against the government of Prime Minister Maia Sandu.

Far-right marches in Warsaw to celebrate Poland’s Independence Day

Wojciech Kosc in Warsaw November 12, 2019

Tens of thousands of people joined the 10th Independence March, an annual event that has gained notoriety because it is organised by far-right parties and groups seen as gaining strength in Poland.

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.

Turkey sells $2.5bn of 5-year eurobonds at 5.70%

Akin Nazli in Belgrade November 11, 2019

Spread over US Treasury paper fell sharply to 407bp from 470bp seen at previous Turkish sale, held in July.

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.

Romania’s former PM Dancila to face President Iohannis in second round of presidential elections

bne IntelliNews November 11, 2019

Klaus Iohannis seen heading for victory in the runoff in two weeks time, which will reinforce the new government headed by the centre-right PNL.

Albania, North Macedonia and Serbia agree to set up common market

Valentina Dimitrievska in Skopje November 10, 2019

Eliminating obstacles to the free movement of people, goods, services and capital will facilitate trade and investment in the Western Balkans — but the primary goal of all three countries is EU accession.

EBRD advises Turkey on reforms to open swollen bad debt burden to foreign buyers

bne IntelliNews November 8, 2019

Presently Turkish banks only permitted to sell NPLs to fellow domestic banks or country’s asset management firms. Hungry outsiders might place bids if Ankara opens market to investors looking to securitise the loans.

CONFERENCE CALL: President of Turkmenistan Gurbanguly Berdymukhamedov hits the road to woo investors

Mark van Loon in Milan November 8, 2019

The President of Turkmenistan Gurbanguly Berdymukhamedov was in Italy this week for an Italian – Turkmenistan business forum took in Milan on October 7, to woo investors and diversify the economy

Romanian presidential election becomes a race for second place

Iulian Ernst in Bucharest November 8, 2019

Sunday’s vote will determine whether incumbent Klaus Iohannis faces recently dismissed prime minister Viorica Dancila or Dan Barna who represents the “new” centre-right against Iohannis’ old guard in the second round.

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.