News

Macedonian ex-PM flees to Budapest to avoid prison term

Valentina Dimitrievska in Skopje November 13, 2018

Nikola Gruevski is seeking political asylum in Hungary after being sentenced to two years in prison over the purchase of luxury Mercedes with state funds.

Russia’s Sukhoi poised to scrap Iran’s Superjet order due to US components

bne IntelliNews November 13, 2018

Use of American parts means company would require Washington waiver to go through with delivery. Iranians searching high and low for planes they can acquire.

Opposition leader Yulia Tymoshenko increases her lead in Ukraine's presidential race

bne IntelliNews November 13, 2018

The former prime minister and head of Batkivshchyna (Fatherland) party remained the frontrunner ahead of Ukraine’s forthcoming presidential election, a new poll showed.

Kazatomprom valued at $3bn in London, Astana IPO

Kanat Shaku in Almaty November 13, 2018

Valuation of world’s top uranium producer at bottom of pricing range but listing celebrated as the first made in more than a decade by a Kazakh company.

Head of Poland’s financial regulator KNF resigns after billionaire banker's accusations of soliciting bribe

Wojciech Kosc in Warsaw November 13, 2018

Prime minister demands probe into banker Leszek Czarnecki's claim he was asked for a bribe in return for the KNF’s favourable approach to his banking businesses.

4G growing fast in CEE with mobile penetrations running ahead of the global average

EWDN in Moscow November 13, 2018

The research branch of international mobile operator association GSMA has released a report on the mobile economy in Russia and 11 neighbouring countries that found the digital economy and telecoms services are growing faster than the global average.

Ukrainian authorities arrest regional government aide in Handziuk murder case

bne IntelliNews November 13, 2018

Ihor Pavlovskiy, the former aide to Poroshenko Bloc MP Mykola Palamarchuk, was arrested in connection with the horrific murder of civil society activist Kateryna Handzuik, who was doused with acid and died of her wounds on November 4.

Bolton: Turkey’s tape does not directly implicate crown prince in Khashoggi murder

bne IntelliNews November 13, 2018

Erdogan reportedly unconvinced that bin Salman should remain in power, Saudis blaming Ankara for “global revulsion” directed at kingdom.

Bulgaria’s President Radev calls government "arrogant and cynical" as protests swell

Denitsa Koseva in Sofia November 13, 2018

The situation is starting to resemble winter 2013 when Boyko Borissov's first government resigned following mass protests against high electricity prices.

Hungary’s nuclear power plant expansion reportedly delayed

bne IntelliNews November 13, 2018

Local media reports claim construction of two new blocks at the Paks nuclear facility may only be completed in 2032, five to six years behind schedule.

Russia's Gazprom has secretly borrowed €3.5bn abroad since August

bne IntelliNews November 13, 2018

Russian gas giant Gazprom borrowed €3.5bn abroad in August-October 2018, but has not announced it publicly given the sanctions environment, Interfax and Vedomosti reported citing financial reports of the company.

Romania “not ready” to take over EU presidency, president claims

Carmen Simion in Bucharest November 12, 2018

President Iohannis slams Romanian government’s lack of preparation as European affairs minister quits less than two months before Bucharest takes up the EU Council presidency.

Macedonian police issue arrest warrant for ex-PM Gruevski

bne IntelliNews November 12, 2018

Police were unable to locate Nikola Gruevski, who was sentenced over the use of state funds to buy a €600,000 luxury Mercedes.

“Rebalancing by anorexia”: Analyst responds to Turkey’s second straight current account surplus

Akin Nazli in Belgrade November 12, 2018

Economy swings to a positive September figure of $1.83bn from a $4.4bn deficit a year ago. Country experiencing painful hard landing.

Ukraine’s pro-Russian opposition leaders Boyko and Rabinovich merge parties

bne IntelliNews November 12, 2018

Pro-Russian politicians join forces in Opposition Platform For Life ahead of 2019 elections, but fail to secure the support of billionaire Rinat Akhmetov.

Poland celebrates independence centenary with president in front of 250,000-strong far-right march

Wojciech Kosc in Warsaw November 12, 2018

While the PiS-led and the far-right parts of the march were officially separated by a buffer zone, the government is seen as pandering to the far-right in an attempt to give the celebrations more weight.

Illegal elections held in Russian-backed Donetsk, Luhansk produce predicted outcomes

bne IntelliNews November 12, 2018

The self-declared Donetsk and Luhansk People’s Republics elected their heads of government and council members on November 11 with predictable results.

Independents won Slovakia's municipal elections, beating the ruling Smer-SD

Nelly Tomcikova in Prague November 12, 2018

Independents saw their fortunes improve in Slovakia's November 10 municipal elections. The people are fed up with the negative politics of confrontation.

The self-proclaimed Donetsk and Luhansk People’s Republics in eastern Ukraine held controversial elections

bne IntelliNews November 12, 2018

The two self proclaimed republics elected new heads of state and parliaments in a vote condemned by Kyiv and the international community.

Businessman close to Hungarian PM gains ownership of flagship construction company

bne IntelliNews November 12, 2018

Laszlo Szijj has acquired Kozgep, the construction company of former Fidesz cashier turned Orban critic Lajos Simicska, who exited his businesses interests after the April general election.

Dismiss