Porsche Engineering the latest to set up in Romanian auto-manufacturing hub Timisoara

Iulian Ernst in Bucharest June 16, 2021

News of Porsche Engineering’s second Romanian R&D site follows investment announcements from components producers Dräxlmaier and Continental.

Albania introduces new high denomination banknote as demand for cash grows

bne IntelliNews June 16, 2021

Pandemic further boosted demand for cash that was already pushed up by combination of economic growth and low banking penetration.

Leaders of Serbia and Kosovo fail to make progress in normalisation dialogue

Valentina Dimitrievska in Skopje June 15, 2021

Serbian President Aleksandar Vucic says there was nothing the two sides could agree on at meeting with Kosovan PM Albin Kurti.

Erdogan pays historic visit to post-war Nagorno-Karabakh

bne IntelIiNews June 15, 2021

Analysts will watch for any continuation or further toning down of Turkey's aggressive foreign policy in wake of Turkish president's meeting with Joe Biden.

Turkey, China in firing line as Biden holds summit with Nato allies

bne IntelliNews June 15, 2021

Nato leaders designated China as presenting “systemic challenges” in a communiqué issued after a one-day summit in Brussels on June 14, as US President Joe Biden continued his tour through Europe.

Hungary’s most powerful oligarch says he is just a lightning rod for attacks on Orban

bne IntelliNews June 14, 2021

Hungary’s opposition is putting Meszaros at the centre of its campaign in what promises to be the closest elections since 2002.

US sanctions on Russia’s OFZ local debt come into force

bne IntelliNews June 14, 2021

The US sanctions imposed on April 15 that bar US investors from buying Russian Ministry of Finance ruble-denominated OFZ treasury bills in primary auctions come into force on June 14.

Moscow back on lockdown as coronavirus infection rate surges again

bne IntelliNews June 13, 2021

Moscow Mayor Sergey Sobyanin put the Russian capital back into lockdown after an alarming surge in the coronavirus infection rate, which has seen some hospitals back at full capacity.

Lukashenko pushing illegal Iraqi refugees over the border into Lithuania

bne IntelliNews June 13, 2021

Belarus' President Alexander Lukashenko is transporting Iraqi immigrants to Minsk and helping them illegally cross the border into Lithuania, as he makes good on a threat to “flood the EU with drugs and refugees.”

Belarus is the “North Korea” of Europe, says US diplomat

bne IntelliNews June 11, 2021

The barred US ambassador to Belarus, Julie Fisher, called Belarus the “North Korea of Europe” in testimony before a US Senate Foreign Relations Committee hearing.

European commissioner confirms €30bn EU investment plan for Western Balkans

bne IntelliNews June 11, 2021

Plan will only be effective if region works together Oliver Varhelyi tells summit marred by verbal clash between prime ministers of Serbia and Kosovo.

Merger between Moneta Money Bank and Air Bank in trouble after proxy firms come out against

bne IntelliNews June 11, 2021

Proxy voting firms Glass Lewis and Institutional Shareholder Services have recommended Moneta Money Bank shareholders vote against the acquisition of PPF´s Air Bank, Czech and Slovak Home Credit and Benxy.

MPP's Khurelsukh wins landslide victory in Mongolia’s presidential election

bne IntelIiNews June 10, 2021

Party now commands presidency as well as supermajority in parliament.

Russian court official rules Navalny organisation extremist, as protest support dies away

bne IntelliNews June 10, 2021

A Moscow court officially outlawed opposition activist Alexey Navalny’s organisation and branded it “extremist”, effectively putting it on a par with a terrorist organisation, on June 9.

Hungary’s central bank looks ready to start monetary tightening after CPI remains stubbornly over 5%

bne IntelliNews June 10, 2021

Rate rises could even begin this month, bank governor says, after MNB raises its forecast for average annual inflation to 3.8-3.9%.

US to impose sanctions against individuals who destabilise Western Balkans

bne IntelliNews June 9, 2021

Executive order signed by US President Joe Biden shows Washington's increased engagement and no tolerance for corruption in the Western Balkans.

International Crisis Group releases new field-researched report on Karabakh

Neil Hauer in Yerevan June 9, 2021

ICG says the "fragility" of the ceasefire has already been highlighted by tensions that "flared in mid-May as Armenia and Azerbaijan disputed new positions established by Azerbaijani forces" close to their shared border.

Albanian MPs impeach President Ilir Meta

bne IntelliNews June 9, 2021

MPs voted by an overwhelming majority to dismiss the president for violating the constitution, but Constitutional Court to make the final decision.

Lithuania's central bank revokes Finolita Unio's license

bne IntelliNews June 9, 2021

Fintech punished for channelling around €100mn from Wirecard weeks before it collapsed.

Armenian PM Pashinian offers son in POW swap with Azerbaijan

Neil Hauer in Yerevan June 8, 2021

Son posts on Facebook he is ready to take part in swap. Pashinian's offer comes in response to words of political opponents amid launch of Armenian general election campaigning.