News

Central Europe set for interest rate hikes, predicts Capital Economics

bne IntelliNews June 3, 2021

Central Europe is facing a prolonged period of higher inflation that is likely to lead to significant interest rate hikes.

Budapest district mayor renames streets after Dalai Lama and Uighur martyrs in protest against China’s Fudan University

bne IntelliNews June 3, 2021

Opposition attacks €1.5bn cost of Communist Chinese university, as well as way it will take land away from planned Student City.

Agreement to revive Iran nuclear deal ‘now not expected until August’

bne IntelIiNews June 2, 2021

Hopes it could be in place ahead of June 18 Iranian presidential election may have been dashed.

US sanctions Bulgarian officials and businessmen over involvement in significant corruption

bne IntelliNews June 2, 2021

US Treasury's largest action tackling corruption to date targets two high-profile businessmen and several ex-officials.

Bulgarian institutions ‘on the brink of war’ after raids on offices of key interior ministry employees

Denitsa Koseva in Sofia June 2, 2021

Prosecutors take on interim government that has launched a wide-reaching overhaul of the administration and pledged to root out corruption under the previous Gerb government.

Private labels expand in Russian food retailer, large upside seen

bne IntelliNews June 2, 2021

The sales of goods under own private labels by Russian retailers have risen by 12.2% year on year in May-April 2021, reaching 5.3% share in total sales.

Power struggle in Romania’s ruling PNL puts government stability at risk

Iulian Ernst in Bucharest June 2, 2021

Romanian PM Florin Citu and his predecessor Ludovic Orban are vying to lead the senior ruling PNL.

Belarusian protester cuts his own throat during court hearing

Ben Aris in Berlin June 2, 2021

The stories of personal tragedies and horrific police repression coming out of Belarus are almost a daily occurrence. In the latest tragedy protester Stsyapan Latupau cut his own throat in court rather than incriminate himself.

Coronavirus restrictions eased across much of Southeast Europe as new cases dwindle

bne IntelliNews June 1, 2021

Easing announced as the number of new cases has fallen sharply, boding well for a revival of economic growth after the spring lockdowns.

Belarus to try Russian national and opposition journalist’s girlfriend Sofia Sapega on organising mass unrest charges

bne IntelliNews June 1, 2021

Sofia Sapega, the girlfriend of Belarusian opposition journalist Roman Protasevich who was arrested after a Ryanair flight was forced to land in Minsk last week, will be tried on inciting hatred and organising mass rally charges.

Deputy PM claims Russian metals majors owe $1.4bn in investment

bne IntelliNews June 1, 2021

Deputy Prime Minister Andrei Belousov claimed that Russian metals majors have "cheated" the state for RUB100bn ($1.4bn) worth of capital investments and state military orders in an interview to RBC business portal.

Lukashenko boxes Putin into a show of support in face of harsh EU sanctions over forced landing of Ryanair flight

Ben Aris in Berlin May 31, 2021

Russian President Vladimir Putin has been pushed into giving support to Belarusian President Alexander Lukashenko over the Ryanair flight affair.

Croatia picks France’s offer for 12 used Rafale fighter jets for €999mn

Denitsa Koseva in Sofia May 31, 2021

France wins supersonic jet tender with €999mn offer in Zagreb's second attempt to upgrade its airforce.

Lira hits new all-time low as Erdogan’s woes mount

bne IntelIiNews May 28, 2021

Peker video allegations of mafia’s links with top politicians and prospect of Fed tightening pulling funds from Turkey two factors in currency slump.

Lithuania wins from Belarus plane bans, Latvia loses

Linas Jegelevicius in Vilnius May 28, 2021

You win some. You lose some. That’s how it has been for the leading Baltic airlines after Europe banned overflights of Belarusian airspace and blocked the country’s national carrier Belavia from using many EU landing rights.

EU to target Belarusian potash exports

Ben Aris in Berlin May 28, 2021

The EU might ban (or limit) imports of Belarusian potash and other fertilisers as a part of its economic sanctions following the Ryanair flight forced landing and arrest of Roman Protasevich, said EU foreign ministers gathering in Lisbon.

Russian President Putin rules out mandatory vaccination as impractical

bne IntelliNews May 28, 2021

Russian President Vladimir Putin ruled out mandatory vaccination as “impractical and impossible” on May 28 as Russians remain some of the least keen people in the world to be inoculated against coronavirus (COVID-19).

China's CMC inaugurates CEE’s largest solar park in southwest Hungary

Tamas Szilagyi in Budapest May 28, 2021

Solar energy capacity in Hungary has quadrupled between 2015 and 2020 and is set to increase to 6,000Mw by 2030.

Faster-than-expected economic recovery in Romania eases fiscal tensions

Iulian Ernst in Bucharest May 28, 2021

Romania’s general government budget deficit dropped to 1.8% of GDP in 4M21, down from over 2.5% in the same period last year.

Top-down Shusha reconstruction facing opposition from Azerbaijanis

Ulkar Natiqqizi for Eurasianet May 27, 2021

The government has moved quickly to restore the city it has declared its cultural capital, but the lack of transparency has raised concern.

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