News

Serbia holds huge military drills amid tensions with Kosovo

bne IntelliNews November 11, 2018

The Century of Winners 1918-2018 event was intended to mark the 100th anniversary of the end of World War I, but it also looked like a show of military force aimed at Serbia's neighbour.

IPO pricing values Slovenia’s NLB at €1.03bn

Carmen Simion in Bucharest November 11, 2018

Slovenia's largest lender reports strong investor interest in second attempt at IPO after last year's flop.

My good sir, what terrors lurk in dreams of Erdogan’s “largest” airport…

Akin Nazli in Belgrade November 10, 2018

For a start—horror of horrors—it’s still far from being the world’s biggest. Then there're the worker deaths, the body in the storm drain, dirt-moving trucks running over kids and ecological hell. But let's begin with size and functionality.

Kazakhstan to get low-fare airline

Kanat Shaku in Almaty November 9, 2018

FlyArystan to ease travel in world’s ninth largest country. Domestic ambitions to be followed by move for regional flight package.

Russian Yandex.Taxi expands to Finland

bne IntelliNews November 9, 2018

Russian internet major's Yandex.Taxi online taxi ordering service will launch its operations in Helsinki under the “Yango” (short for Yandex go) brand.

Russian utility major RusHydro launches wind power plant in the Arctic

bne IntelliNews November 9, 2018

90KW plant in the remote Arctic settlement of Tiksi in the Yakutia region has to operate in temperatures of minus 50 degrees.

US opts not to sanction Iran’s Chabahar port after Indian, Afghan pressure

bne IntelliNews November 8, 2018

New Delhi is developing facility to open up trade corridor that bypasses Pakistan. Project will open gateways into Central Asia via Afghanistan and Turkmenistan.

Latvian president designates leader of New Conservative Party to form new government

Wojciech Kosc in Warsaw November 8, 2018

Elections in October resulted in a fragmented parliament with six out of seven parties that won seats currently in coalition talks.

Asia overtakes Europe as Russian Rosneft's main export market

Vadim Dumes in Paris November 8, 2018

Russia's largest oil company Rosneft supplied 43.1mn tonnes of oil to Asia in January-September, beating exports to Europe that amounted to 41mn tonnes. Rosneft is now sending half its oil production to Asia.

Turkey raises €1.5bn from 2026 eurobond yielding 5.25%

Akin Nazli in Belgrade November 8, 2018

Initial expecations for the yield reportedly stood at around 25 basis points higher.

Domestic wellbeing key in making Russia great, say polls

bne IntelliNews November 8, 2018

While Russians still want to see Russia as a "great power", this should be conditioned by the state's ability to maintain the well-being of its citizens, a study by the RAN Institute of Sociology found.

Moldovan prosecutors probe whether suspected fraudster paid school fees for deputy PM’s son

bne IntelliNews November 8, 2018

Investigation launched after media claimed Ilan Shor, the visible beneficiary of Moldova’s $1bn bank frauds, paid $42,000 to cover former prime minister Iurie Leanca’s son’s tuition at a private UK college.

Kazakhstan sells its first ever euro bond

Kanat Shaku in Almaty November 7, 2018

Central Asian kingpin is latest emerging market nation to switch away from dollars due to growing gap between US and European interest rates.

Turkey mandates lenders for 2026 eurobond issue amid pinkish sentiment

Akin Nazli in Belgrade November 7, 2018

Turkish dollar bonds recover to highest levels in three months, but analysts warn country’s economic fundamentals still make it the most exposed emerging market to external shocks.

Capital Economics warns of growing overheating risk in Romania

bne IntelliNews November 7, 2018

Overheating risks are building in the Romanian economy, Capital Economics analysts warned on November 6 after the Romanian central bank decided to keep its policy rate at 2.5%.

Hungarian authorities close investigation in high profile Elias corruption case

bne IntelliNews November 7, 2018

EU anti-fraud office reported "established system of organised fraud" in Hungarian public lighting contracts awarded to company once owned by PM's son-in law, but Hungarian prosecutors said they found no evidence of criminal offence.

Belarusian supermarket chain Eurotorg postpones its IPO

bne IntelliNews November 6, 2018

Eurotorg (aka Euroopt) was due to be floated on the London Stock Exchange in what would have been the small northern republic’s first ever IPO but postponed the offering blaming poor market conditions.

Erdogan: Turkey will “absolutely not” abide by US sanctions imposed on Iran

bne IntelliNews November 6, 2018

Russia calls measures illegitimate, while EU makes frustratingly slow progress in creating SPV to shield trade with the Iranians.

Ukraine's prosecutor general identifies $5.5bn of assets bought with looted PrivatBank funds

Ben Aris in Berlin November 6, 2018

A long list of yachts, Picasso paintings, mansions, factories and other assets were bought with the $5.5bn looted from the country’s largest bank Privatbank.

Russia’s Deposit Insurance Agency considers upping maximum covered deposits to RUB2mn

bne IntelliNews November 6, 2018

DIA seeks to reassure the population which was shaken over the summer by rumours the government was planning to forcibly convert their dollar savings into rubles.

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