News

MET Group enters burgeoning Hungarian solar energy market

Levente Szilagyi in Budapest October 28, 2018

Hungarian energy companies are in a race to install new solar parks at lightening speed, with Swiss-based MET Group's MET Dunai Solar Park the latest to start production.

Slovenia sets price range for NLB’s IPO

Carmen Simion in Bucharest October 27, 2018

The Slovenian government is making its second attempt to privatise the country's largest bank, as required under its commitments to the European Commission.

Shoemaker and retailer Obuv Rossii rallies on buyback announcement

bne IntelliNews October 26, 2018

Russian shoe manufacturer and retailer Obuv Rossii (OR) said it will spend up to RUB900mn ($14mn) on a share buyback, which could result in buying up to 10% of its shares, the company said on October 26.

Ukraine raises $2bn from Eurobond placement

bne IntelliNews October 26, 2018

Ukraine placed a $750mn five-year tranche of sovereign Eurobonds, and a ten-year tranche of $1.25bn at a snap offering on October 25 that follows immediately on the back of a new IMF deal.

Georgia’s weekend presidential election marks transition to parliamentary republic

bne IntelliNews October 26, 2018

Two ex-foreign ministers remain favourites to win the October 28 contest as ruling Georgian Dream party looks to cement political control of the small nation.

Czech billionaire Kellner may buy Chelsea football club from Russian oligarch Abramovich

bne IntelliNews October 26, 2018

The richest man in Czechia Petr Kellner and owner of investment group PPF, is reportedly in talks with top Russian oligarch Roman Abramovich to possibly buy English premier football club Chelsea

Polish local election results augur fiery voting season next year

Wojciech Kosc in Warsaw October 26, 2018

Poland's two biggest political rivals both claimed victory in last Sunday’s local election. Yet, backstage, both must know the outlook for next year’s general vote has only become cloudier.

Hungarian government close to ousting Central European University from Budapest

bne IntelliNews October 26, 2018

Soros-founded CEU has been the subject of repeated attacks by Hungary's right-wing populist government.

US uber-hawk Bolton presses Armenia on Iran sanctions

bne IntelliNews October 25, 2018

During Yerevan visit, White House national security advisor also addresses Nagorno-Karabakh conflict and potential for selling Armenians American arms.

Turkish rates kept on hold as widely expected, market likes decision

Akin Nazli in Belgrade October 25, 2018

All eyes are now on upcoming data on Turkey’s roaring inflation following government attempt to game CPI.

Ukraine government greenlights $1bn Eurobond placement by gas monopoly

bne IntelliNews October 25, 2018

The Ukrainian government approved on October 24 a resolution to allow the nation's gas monopoly Naftogaz to issue international bonds for up to $1bn with a maturity of up to five years.

Russia’s Yandex launches a B2B payments service

East West Digital News October 25, 2018

Yandex.Checkout together with state-owned retail banking giant Sberbank, have launched “B2B Payments” to make payments between SMEs easier.

Ukraine opposition leader pledges to change negotiations format with Russia

bne IntelliNews October 25, 2018

Ukraine's opposition leader and presidential candidate Yulia Tymoshenko is going to change the format of negotiations with the Kremlin to attempt to bring Russian military aggression against Kyiv to an end

Crown prince’s line that Saudis and Turks won’t be divided over Khashoggi affair falls flat

bne IntelliNews October 24, 2018

Top aide to Turkish president says Bin Salman has “blood on his hands” in premeditated killing of journalist.

Ukraine government greenlights conditions for privatisation of state-owned stake in Centrenergo

bne IntelliNews October 24, 2018

The Ukrainian government has approved the conditions for the sale of a 78.3% stake in the nation's leading power generating company Centrenergo.

Orban blasts Brussels for "deliberately" failing to defend Europe from migration

bne IntelliNews October 24, 2018

Hungarian PM lays the ground for next year's European Parliament election campaign as he claims Brussels wants to replace nation states with a "European empire" controlled by bureaucrats.

Bulgaria’s opposition BSP prepares for early election amid escalating political tensions

Denitsa Koseva in Sofia October 24, 2018

Socialist leader claims PM Boyko Borissov now looks "powerless and helpless" to resolve conflicts within the ruling coalition.

Turkey’s ultra-nationalists walk out of Erdogan local elections alliance

bne IntelliNews October 23, 2018

Row over proposed prisoner amnesty that critics say would benefit the mafia derails partnership of ruling AKP and MHP coalition.

If wily Erdogan has “naked truth” on Istanbul murder of Khashoggi, he kept it to himself

bne IntelliNews October 23, 2018

Turkish president's speech to parliament turns out to be a damp squib. Is he playing a longer game to secure rewards from the scandal?

Turkish consumer confidence falls 3% m/m to lowest level since 2008

Akin Nazli in Belgrade October 23, 2018

Weighted average interest rates on lira-denominated consumer loans reach 39.36% amid country's currency crisis and slide towards recession.

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