Southeast Europe / News

High-profile tennis players test positive for coronavirus after Croatia tournament

bne IntelIiNews June 22, 2020

Croatia has seen a new spike in coronavirus (COVID-19) cases in the last few days, with several of them linked to a charity tennis tournament at Zadar on the Adriatic coast.

Croatia’s July general election in question after sudden surge in COVID-19 cases

bne IntelliNews June 21, 2020

Opposition leaders accuse government of overlooking risks of holding general election during a pandemic, but Interior Minister Davor Bozinovic says no need to postpone the vote.

Exit polls show sweeping victory for Vucic’s SNS in Serbian general election

bne IntelliNews June 21, 2020

Serbian Progressive Party benefitted from handling of coronacrisis to consolidate its position with almost two-thirds of the vote in election boycotted by several opposition parties.

Turkish companies for first time use central bank’s yuan swap facility to cover import bills

bne IntelIiNews June 21, 2020

Stark deterioration in national lender’s FX reserves, partly caused by interventions to prop up lira, has intensified anxieties Turkey is in sore need of additional hard currency funding. Turk Telekom among firms to make initial use of mechanism.

Moldovan president seeks pro-EU parties’ support against “oligarchs”

Iulian Ernst in Bucharest June 19, 2020

Fugitive businessman and politician Vlad Plahotnuic is believed to be preparing the ground for a return to Moldova. But Igor Dodon will struggle to persuade the pro-EU opposition to work with him again after using and discarding them last year.

Plenty of jabber on the Borsa Istanbul but talk of Naturelgaz IPO not idle

Akin Nazli in Belgrade June 18, 2020

Market also learns Global Yatirim Holding considering delisting Global Ports Holding from LSE. Stock market tyros, meanwhile, sniffing around small caps.

Emerging Europe banks face surge in distressed loans when COVID support measures expire

bne IntelliNews June 18, 2020

Vienna Initiative report warns banks heading for a "cliff-edge effect of new distressed borrowers", followed by successive waves of new NPLs.

Turkey’s amended competition law will spook investors by exposing data and trade secrets to officials say critics

bne IntelIiNews June 17, 2020

Turkish Industry and Business Association describes legislation as posing huge commercial risk. But government says powers are needed to identify cartels.

Albania’s online trade in bears and wolves "out of control" despite zoonosis risk

bne IntelliNews June 17, 2020

COVID-19 pandemic revealed the risks of catching wild animals for food, but trade continues openly in popular online marketplaces, research by NGO Four Paws shows.

Romania moves to terminate talks with Chinese partner in nuke project

Iulian Ernst in Bucharest June 15, 2020

Bucharest asked Nuclearelectrica to terminate talks with CGN on expanding Cernavoda nuclear power plant, as discussions yielded no results in seven years.

Moldova brings army onto the streets again as COVID-19 figures deteriorate

Iulian Ernst in Bucharest June 15, 2020

Army will enforce social distancing as the situation has deteriorated abruptly over the past couple of weeks.

North Macedonia’s president ends state of emergency despite rising number of coronavirus cases

bne IntelliNews June 14, 2020

With the end of the state of emergency, election activities are resuming, which means that the general election should be held on July 5.

No wonder Turkey’s in a hurry to open up its economy, latest economic data is catastrophic

bne IntelIiNews June 12, 2020

Industrial production fell by around a third and retail sales by a fifth in virus-hit April. Medics, meanwhile, say there’s no scientific evidence the first COVID-19 wave is over.

Turkey’s economic credibility is shot says Erdogan’s former economy czar

bne IntelIiNews June 12, 2020

Ali Babacan adds reputation needs restoring to secure FX funding required to guard against another slump in the lira. Also attacks government for pressure that he says results in official figures that people doubt.

Turkey to build gas pipeline to supply Nakhchivan

David O'Byrne for Eurasianet June 11, 2020

The move would sideline Iranian gas sales to the Azerbaijani exclave and help Ankara get back in Washington’s good graces.

Croatia’s latest Eurobond heavily oversubscribed

bne IntelliNews June 11, 2020

Zagreb needs to raise funds to refinance an earlier bond issue and support the economy, which was badly hit by the COVID-19 pandemic.

Romanian lawmakers pass law freezing sale of state assets for two years

Iulian Ernst in Bucharest June 11, 2020

Law initiated by opposition MPs to prevent assets being sold off at low prices during pandemic-induced recession to complicated the long-awaited IPO of energy producer Hidroelectrica.

North Macedonia’s government opens the way for July 5 general election

Valentina Dimitrievska in Skopje June 10, 2020

The parliament in Skopje was dissolved back in February but the vote, originally planned for April, was postponed due to the coronavirus pandemic.

Bulgaria extends extraordinary epidemic situation until end-June

bne IntelliNews June 10, 2020

The number of new coronavirus cases has started rising sharply, with many of those reported in the last few days concentrated among workers at a toy factory in Dospat, southern Bulgaria.

Moldova heads towards political crisis again

Iulian Ernst in Bucharest June 10, 2020

The ruling Socialists are bleeding MPs to the new Pro Moldova party believed to be backed by fugitive politician Vlad Plahotnuic, but President Igor Dodon says he will obstruct any attempts by the opposition to form a new government.