News

Slovak "Erin Brockovich" candidate wins first round of presidential elections

Nelly Tomcikova in Prague March 18, 2019

Zuzana Caputova, a lawyer and an environmental activist who has been nicknamed “Erin Brockovich”, won the first round of the Slovak presidential elections and will face Smer-SD's Maros Sefcovic in the runoff.

Protesters surround Serbia’s presidency, clash with police

Denitsa Koseva in Sofia March 17, 2019

President Aleksandar Vucic targeted on second day of violence in Belgrade, after months of peaceful protest.

Belarus, Russia locked in bitter diplomatic dispute over anti-Russian rhetoric

Sergei Kuznetsov in Kyiv March 15, 2019

A bitter diplomatic row between Russia and neighbouring Belarus sparked on March 15 following an interview of Moscow's ambassador Mikhail Babich, who has accused President Alexander Lukashenko of using anti-Russian rhetoric

Japan loads final Iranian oil shipment prior to US decision on sanctions waiver extensions

bne IntelliNews March 15, 2019

Trump administration nerves over climbing crude prices might prompt officials to tolerate more oil from Iran on the market than they wish to see.

Petrochemical major Sibur prepares to pay record-high dividend

bne IntelliNews March 15, 2019

The board of directors of Russian petrochemical major Sibur voted to pay a record-high dividend of RUB33.8bn ($0.5bn) for 2018, which would already include RUB11bn paid in 1H18 and leave RUB22.8bn to be distributed for 2H118, the company said on Mar

Slovak businessman charged with ordering journalist Kuciak's murder

Nelly Tomcikova in Prague March 15, 2019

Kuciak is believed to have been killed in connection with his last article for Aktuality.sk covering alleged tax fraud connected to the luxury Five Star Residence in Bratislava. His murder was unprecedented in the modern history of Slovakia.

Majority owner of Montenegro’s troubled Atlas Banka objects to capital hike plan

bne IntelliNews March 14, 2019

Temporary administrator said that it will launch a public call for a capital increase, which Dusko Knezevic, the subject of an international arrest order, claims is illegal.

Mega exasperation: Medics criticise Erdogan as he opens Ankara hospital as big as 100 football pitches

bne IntelliNews March 14, 2019

Critics say landmark facility will cause logistical headaches in treating patients and may even worsen infection outbreaks.

Removal of capital controls new milestone for investors in Uzbek stocks

Mark van Loon March 14, 2019

Tashkent broker trades shares for foreign investor on nascent local stock market and repatriates proceeds in USD to Hong Kong.

Gazprom's Power of Siberia gas pipeline to China is finished

Ben Aris in Berlin March 14, 2019

Russia’s state-owned gas giant Gazprom will start filling the Power of Siberia natural gas pipeline that connects Russia to China from September 1, opening an entirely new market for Russian gas.

Turkish industry suffers fifth straight monthly decline

Akin Nazli in Belgrade March 14, 2019

January output drop of 7.3% follows December’s 10%. Turkish professor worries more negative surprises are ahead for recession-hit country.

The share of salmon in Russia’s aquaculture is set to rise to over a third

bne IntelliNews March 14, 2019

Fish is now a booming business in Russia and has attracted the attention of several oligarchs, who have invested in new fish farms.

"Ukrainian Papers" massive business data leak embroils Poroshenko in a new corruption scandal

Graham Stack in Kyiv March 14, 2019

Another corruption scandal has broken out for Ukraine’s embattled President Petro Poroshenko, only two weeks away from presidential elections, via a massive leak of hacked files that also implicate the president's friends.

Board of Ukraine gas monopoly reportedly seeks extending of contract with incumbent CEO, halving salary

bne IntelliNews March 14, 2019

The supervisory board of Ukraine's state-owned natural gas monopoly Naftogaz proposed the Cabinet of Ministers to extend a contract with the company's CEO Andriy Kobolev for one year, until March 22, 2020, according to a letter signed by board's head

Hungary's automotive sector outpaces industrial growth despite week-long strike at Audi

Levente Szilagyi in Budapest March 14, 2019

Last year the three leading car makers Audi, Mercedes, Suzuki turned out a total of some 500,000 cars or 2.8% of the 19mn cars manufactured in the EU.

Turkish markets: Garanti, Eximbank, Ziraat seek syndicated loan renewals

Akin Nazli in Belgrade March 13, 2019

Other latest news: Ankara tries to keep lid on S-400 row ahead of elections. Money market funds ordered into deposits. Dollarization a growing risk to banks.

S&P raises Bosnia’s outlook for the first time since 2012

Denitsa Koseva in Sofia March 13, 2019

Bosnia’s rating could be raised in the next 12 months if a lasting government is formed and structural reforms are launched — but medium term growth hinges on Sarajevo unfreezing the country's IMF deal.

Primark picks Slovenia for first CEE store opening

bne IntelliNews March 13, 2019

Fast fashion giant has also lined up retail space in Poland and the Czech Republic as it embarks on eastward expansion.

EPP leader Weber says differences remain after talks with Viktor Orban

bne IntelliNews March 13, 2019

Talks in Budapest just a week before EPP parties are due to vote on whether expel Hungary's ruling right-wing Fidesz from its ranks.

Bogeymen: Recession-hit Erdogan makes feisty attack on Turkey’s shadowy foreign ‘economic enemies’

bne IntelliNews March 13, 2019

Under pre-election pressure to explain how his country’s fortunes have sunk, strongman talks of “attacks in the dragon’s triangle of foreign currency, interest and inflation rates”.

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