Whistleblower who revealed massive corruption at Bulgarian border checkpoint fired

Denitsa Koseva in Sofia October 6, 2022

Numerous experts appointed by Kiril Petkov's reformist former government have been removed since the change of government in June, undermining the fight against corruption.

EPH to invest €10.2bn into renewables in Germany

bne IntelliNews October 6, 2022

The plans mark a major shift in EPH's strategy, which had been to bet that the green transition would take longer than expected.

Romania’s BNR more hawkish than expected with 75bp rate hike, more to come

Iulian Ernst in Bucharest October 6, 2022

Romanian central bank's rate hike exceeds expectations as near-term inflation outlook worsens amid faster growth rates anticipated for natural gas, electricity and food.

Poland’s central bank halts rate rises, bets that inflation starts easing soon

Wojciech Kosc in Warsaw October 6, 2022

The National Bank of Poland left its reference interest rate unchanged at 6.75%, despite inflation accelerating to 17.2% y/y in September.

Lukashenko draws himself deeper into Putin’s war

bne IntelliNews October 6, 2022

Lukashenko has now officially admitted a certain participation by Belarus in Russia’s war in Ukraine, likely due to increased pressure from Putin for more political support. Now Lukashenko is drawing himself even deeper into Putin’s war.

Russia strikes Kyiv Oblast with "Kamikaze" drones from Iran

Dominic Culverwell in Berlin October 5, 2022

‘Kamikaze’ drone attacks were reported 80 km from Kyiv in the city of Bila Tserkva on the night of October 4. The drones are allegedly part of the Iranian-made Shahed series, which Russia has used on the battlefields since September.

Leading Czech coalition parties endorse three presidential candidates

Albin Sybera October 5, 2022

Spolu politicians have admitted previously that endorsing just one candidate could be seen as a curse, for that person could become a target for voter anger over the soaring cost of living.

Slovak finance minister survives vote of no-confidence

Albin Sybera October 5, 2022

Former coalition partner and SaS leader Richard Sulik says he is now ready to discuss early elections.

Head of National Bank of Ukraine resigns over health issues

Dominic Culverwell in Berlin October 5, 2022

The head of the National Bank of Ukraine (NBU) resigned on October 4 citing health-related reasons.

Estonia’s “rat king” to be exhibited at University of Tartu Natural History Museum

Linas Jegelevicius in Vilnius October 5, 2022

A "rat king" is a collection of rats whose tails are intertwined and bound together, either with hair or sticky substances or by getting tied together.

Romanian president tries to save flagship education strategy after plagiarism scandal

Iulian Ernst in Bucharest October 4, 2022

Critics slam President Iohannis’s decision to appoint his adviser as education minister as he seeks to rescue widely-criticised Educated Romania project.

First official results from Bosnian elections put nationalists ahead after exit polls predicted losses

Denitsa Koseva in Sofia October 4, 2022

Defeat for Bakir Izetbegovic but other leading nationalist politicians like Milorad Dodik appear to be heading for victory with 50% of votes now counted.

Georgian MPs want to rid the country of oligarchs, but not all of them

Mack Tubridy in Tbilisi October 4, 2022

Ruling Georgian Dream party says founder Bidzina Ivanishvil will not fall under new planned bill.

Hungary agrees on deferred payments with Gazprom for winter gas deliveries

Tamas Csonka in Budapest October 4, 2022

Agreement helps ease pressure on Hungary’s widening current account deficit and steady the sinking forint.

US sanctions Russia’s CBR head Nabiullina and other officials

bne IntelliNews October 4, 2022

The US Treasury has announced additional sanctions in response to Russia’s "fraudulent" referenda and subsequent annexations of the occupied regions of Ukraine, with the SDN list now including the Central Bank of Russia Governor Elvira Nabiullina.

Russia prepares for new attacks against Ukraine from Belarusian territory

bne IntelliNews October 4, 2022

While last week's mobilisation scare from Belarus appears to be a false alarm, Belarus is helping Russia prepare for renewed attacks along the lines of Ukraine's border with Belarus.

Blue and yellow returns to Lyman, Borova and Mikhailivka as Ukraine liberates settlements in east and south

Dominic Culverwell in Berlin October 4, 2022

Ukrainian troops liberated several settlements over the weekend in the east, including a critical victory in the city of Lyman on 1 October, just days after Russia announced the annexation of Russian-controlled territories in Ukraine.

Iran’s supreme leader blames US, Israel for unrest in first comments on protests

bne IntelIiNews October 3, 2022

Joe Biden issues statement saying he is "gravely concerned" at reports of an "intensifying violent crackdown on peaceful protestors".

OPEC+ makes 2mn bpd cut, angering the US

bne IntelliNews: Editorial desk October 3, 2022

Months of badgering by Western leaders counted for nought this week as OPEC+ announced a 2mn bpd quota reduction that serves to bolster prices and cover up issues raising production.

Bulgaria’s fragmented parliament unlikely to produce stable new government

Denitsa Koseva in Sofia October 3, 2022

Seven parties have passed the 4% threshold and will enter Bulgaria’s new parliament, making the formation of a ruling coalition a virtually impossible task.