COVID-19 and Trump’s indifference helped human rights abusers in 2020
Durov rejects Western funds’ offer to buy 5%-10% of Telegram with $30bn valuation
Belarusian government sees $2bn of withdrawals, issues $580mn worth of bonds in 2020
Lukashenko: I am no enemy of the people
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
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
Storming parliaments: New Europe's greatest hits
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 government to release funds to news agency STA after EU pressure
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
Turkish opposition leader lawsuit demands one lira from Erdogan, police probe “bald” interior minister posts
Akbank takes over Istanbul's Palladium Atasehir shopping mall
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?
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
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The Public Property Agency (APP) of Moldova has terminated the contract with Avia Invest regarding the concession of Chisinau International Airport due to its non-compliance with the investment commitments.
Earlier this year, the government in Chisinau attempted to terminate the contract with Avia Invest citing overdue payments to the Civil Aviation Authority (CAA), but Avia Invest paid the due debt. It is relevant that Cyprus-based offshore company Komaksavia Airport Invest, the owner of Avia Invest, opened a request for arbitration in Stockholm in May, requesting compensation of €885mn or $970mn. The case was filed, however, based on insolvency requests, which have been settled meanwhile.
The decision was made in connection with the fact that Avia Invest "did not execute the contractual obligations, accumulating arrears in terms of investments of around €66.2mn". APP requested the return of the goods taken under the concession.
In April, APP sent a preliminary notice to the concessionaire, granting a period of 60 days, during which the company was to provide a valid guarantee of proper execution of the concession contract.
The managers of Avia Invest stated at a recent press conference that "the company fulfils its investment obligations in accordance with the 2013 concession plan and contract".
"The company has invested over €90mn in airport infrastructure. All the opinions expressed in this regard by APP are absurd and made either out of ignorance or under political pressure," the concessionaire said.
Since 2016, Komaksavia Airport Invest has owned 95% of Avia Invest, the company that won the 49-year concession contract for Chisinau International Airport in August 2013.
The Cyprus-based offshore company has undeclared owners, but increasingly more pieces of evidence support the idea that the final beneficiaries are former Democratic Party leader Vlad Plahotniuc and businessman Ilan Shor, both of them fugitive since pro-Russian President Igor Dodon formed own parliamentary majority last June and overthrew Plahotniuc’s PM Pavel Filip (who has since become Dodon’s new political ally).
Moldova’s president-elect Maia Sandu said that Chisinau has no unpaid bill for the natural gas supplied by Russia and it would be “unfair” to pay for the natural gas used by the separatist ... more
Maia Sandu, the pro-EU candidate in the Moldovan presidential election, confirmed that she has the same goal as Renato Usatii, who came third in the first round with 17% of the votes, namely calling ... more
Pro-EU candidate Maia Sandu is likely to defeat incumbent President Igor Dodon in the second round of the November 1 presidential elections, according to a poll conducted for WatchDog.MD ... more
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