Iran’s northern cities hit with golfball-sized hail in epic deluge

bne Tehran bureau May 9, 2024

Iran’s northern Khorasan and Gilan provinces have been hit by a heavy rainstorm and mega hailstorms in the latest of a string of flooding incidents in the usually arid country

Turkey signs LNG deal with US supermajor ExxonMobil placing question mark over Russian gas supplies

bne IntelliNews May 9, 2024

Ankara has ambition to make country an energy supply powerhouse based on re-exports.

EU-Georgia relations hit a new low as Tbilisi warns of foreign-funded power-grab

Tornike Mandaria May 9, 2024

State Security Service accuses demonstrators of wanting to overthrow the government with foreign funding.

Russia hits Ukrainian power facilities in six regions with intense missile attack, imports from EU won't cover winter demand

bne IntelliNews May 9, 2024

Russian forces launched an intense missile attack on Ukraine's energy infrastructure in six regions on May 8. Half of Ukraine’s power facilities are now out of action to the point where European imports won't cover this winter's demand.

North Macedonia’s opposition VMRO-DPMNE celebrates twin electoral victory

Valentina Dimitrievska in Skopje May 8, 2024

VMRO-DPMNE wins both general and presidential elections as voters punish ruling SDSM for failure to tackle corruption.

RBI caves into pressure to give up Strabag deal

bne IntelliNews May 8, 2024

US authorities had raised the threat of sanctions, leading the Austrian central bank to warn RBI against the deal.

China to intensify relations with Serbia after President Xi's landmark visit to Belgrade

bne IntelliNews May 8, 2024

Serbia is one of just three countries on President Xi Jinping's European tour.

Croatia’s HDZ, Homeland Movement agree on ruling coalition

bne IntelliNews May 8, 2024

Andrej Plenkovic to get a third term as PM after securing backing from rightwing Homeland Movement.

Ukrainian oligarch Kolomoisky faces life imprisonment for murder

bne IntelliNews May 8, 2024

Igor Kolomoisky, once considered Ukraine’s most influential oligarch and a supporter of President Volodymyr Zelenskiy, has been charged with an organised murder from over 20 years ago, which carries a penalty of life imprisonment.

Premier Energy seeks to raise over €135mn with Bucharest IPO

Iulian Ernst in Bucharest May 8, 2024

Power and gas utility group Premier Energy's IPO kicks off on May 8, raising funds for its expansion into renewables in Romania and Moldova.

Korea turns to Uzbekistan in bid to meet demand for additional 3,000 automotive workers per year

Mokhi Sultanova in Tashkent May 7, 2024

Wider world of work both east and west appears to be opening up to Uzbek labour migrants.

China’s Xi Jinping arrives in Serbia on anniversary of Belgrade embassy bombing

bne IntelliNews May 7, 2024

Serbia has become a key partner of China in Europe, benefitting from Chinese investments into infrastructure development and industrial production.

New Ukraine funding deal gives EU members opt out on military spending using CBR frozen funds

bne IntelliNews May 7, 2024

Neutral EU member states will be able to opt out of a plan to use profits from Russia’s central bank frozen assets to purchase weapons for Ukraine.

Polish judge shows up in Minsk asking for political asylum

Wojciech Kosc in Warsaw May 7, 2024

Judge Tomasz Szmydt says he is protesting against the actions of the Polish authorities that could potentially lead to military conflict with Belarus and Russia.

Von der Leyen says EU will close rule-of-law dispute with Poland

Wojciech Kosc in Warsaw May 7, 2024

The Commission will present an analysis of the state of the rule of law in Poland at a General Affairs Council meeting on May 21.

Raiffeisen says pressure to cut Russian loanbook will complicate exit

bne IntelliNews May 7, 2024

Austrian lender suspends full-year target numbers after the ECB warning.

Ukraine’s Foreign Ministry calls on world to reject the legitimacy of Putin’s presidency

Ben Aris in Berlin May 7, 2024

Ukraine’s Ministry of Foreign Affairs said it does not recognise Vladimir Putin as the democratically elected and legitimate president of Russia the day before he was due to be inaugurated for the fifth time.

Nothing concrete has yet emerged from nuclear plant talks with Russia, says Uzbekistan

Mokhi Sultanova in Tashkent May 6, 2024

Tashkent has received proposals from other countries, though as things stand there are no talks on alternatives to Russian bid, UzAtom director says.

Turkey reportedly still loading Azerbaijani oil for Israel despite “total trade ban”

bne IntelliNews May 5, 2024

Trade ministry said “all products” are subject to boycott, but tankers on Ceyhan to Haifa crude export route appear unaffected.

Live fish fall from the sky in Central Iran - video

bne Tehran bureau May 5, 2024

In what looks similar to some sort of Biblical miracle, large live fish fell from the sky in Yasouj, a city in Central Iran, and were left flapping on the road, a video posted on local social media purportedly shows.