News
Serbian President Vucic reins in Dodik to calm situation in Bosnia
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
Hungarian election campaign starts early as Orban warns of Soros-led plot to return puppet master Gyurcsany to power.
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Russia's CBR ramps up key rate to 7.5% in hawkish move
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
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
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
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
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
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
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
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
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.
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Ciolos fails to win confidence vote in Romanian parliament
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%
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
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
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’
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
Stork's Nest case to return to haunt outgoing premier as he heads for opposition benches.
Poland and the EU ratchet up judicial dispute
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
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
Naftogaz says Nord Stream 2 cannot be certified because it does not fully comply with European legislation.
