Ukraine opposition leader announces creation of "war cabinet" in major campaign speech

bne IntelliNews November 1, 2018

Ukraine's opposition leader, former prime minister and the leader of the Batkivshchyna (Fatherland) party Yulia Tymoshenko is going to create a war cabinet, whose composition will be made public closer to the presidential elections in March 2019.

Merkel meeting Poroshenko in Kyiv day after Russia’s tit-for-tat sanctions attack on Ukraine

Ben Aris in Berlin November 1, 2018

German chancellor, who met Putin last week, is working hard to solve the Donbas dilemma but the upcoming ‘rebel elections’ are a big headache.

Star performers: Azerbaijan and Turkey shoot up the Doing Business rankings

bne IntelliNews November 1, 2018

Baku, plagued by corruption headlines, and Ankara, wracked by economic turmoil, will welcome the plaudits.

Turkey’s central bank hikes inflation forecast to 23.5% from 13.4% ahead of expected hard landing

Akin Nazli in Belgrade October 31, 2018

Amid economic rebalancing and near-decade low on economic confidence index, September trade deficit shrinkage of 77% y/y confirmed.

Russia falls short of Putin's top 20 Doing Business goal

bne IntelliNews October 31, 2018

Russia's economy was ranked 31st in the 2019 Doing Business report with a score of 77.37 (+0.61 year-on-year) up nearly a 100 places in the last five years, but shy of President Putin's goal of being in the top 20 by 2018

Prague ranked second best city to live and do business in CEE

bne IntelliNews October 31, 2018

Prague is considered to be the second best city to live and do business in Central and Southeast Europe according to a study by the international consultancy company Arcadis

Russia prepares tit-for-tat sanction hit on Ukraine

bne IntelliNews October 31, 2018

Russia could hit some 360 Ukrainian companies and 50 individuals with sanctions under the terms of a draft sanction package in the Duma aimed at Ukraine in a tit-for-tat retaliation to impending US sanctions on Russia

Russia's Vnesheconombank revamped into VEB.RF, to get up to $22bn support

bne IntelliNews October 31, 2018

Russian state development bank Vnesheconombank (VEB) will be granted RUB600bn ($9.1bn) of budget subsidies through 2024 to fully cover external debt and has been rebranded VEB.RU

Iran’s Zarif attacks “law-breaking country” US

bne IntelliNews October 30, 2018

After meeting with Turkish, Azerbaijani counterparts ahead of upcoming oil sanctions, foreign minister warns of “severe consequences for the world order”.

Erdogan says game under way to protect someone involved in murder of Khashoggi

bne IntelliNews October 30, 2018

After sharing information with Merkel and Macron, Turkish president turns screw on Saudis, saying: “Now we have to solve this case… it makes no sense to try to save certain people. We cannot let this subject end midway.”

Russian finance minister rules out progressive income tax

bne IntelliNews October 30, 2018

Russia will not introduce a progressive income tax system, Finance Minister Anton Siluanov says, but admits Russian income inequality is too high.

Row in Italy over U-turn allowing completion of Azerbaijan-to-EU gas pipeline

bne IntelliNews October 30, 2018

Environmentalists furious after 5-Star backs off from pledge to cancel project claiming it only found out about €20bn contract kill fee after going into government.

Russia accuses US of attempt at shifting Armenia’s Moscow loyalties

bne IntelliNews October 30, 2018

White House National Security Advisor John Bolton's stop-off in Yerevan has not gone down well with the Kremlin.

Romania’s central bank floods the money market to halt rates’ rise

Iulian Ernst in Bucharest October 30, 2018

The BNR lent banks €3.6bn in a one-week repo-type auction to calm down the money market interest rates that have hit new records in the last few days.

Erdogan’s last mega-infrastructure hurrah? Turkish president opens one of world’s largest airports

bne IntelliNews October 29, 2018

Populist leader makes boastful speech despite government freezing investments amid downturn that has derailed country’s plan to become trillion-dollar economy.

Russian Railways and Gazprom may build most ambitious ever Arctic railway

bne IntelliNews October 29, 2018

Russian Railways (RZD) and state-owned gas monopolist Gazprom could take on building what has been dubbed “the most ambitious railway project ever,” a train line that cuts through the icy northern territories to Arctic port of Sabetta

Russian retailer Lenta joins buyout trend with $177mn offer

bne IntelliNews October 29, 2018

Russian second-tier retailer Lenta launched a 12-month GDR buyout programme worth RUB11.6bn ($177mn) or about of 10% of its freefloat, the company said on October 29. The buyout on the LSE will be managed by Credit Suisse.

Near photo-finish in Georgia’s presidential election first-round vote

bne IntelliNews October 29, 2018

Ruling party-backed Zurabishvili to face opposition-supported Vashadze in runoff to be held by December 2.

Albanian interior minister resigns amid drug link claims

bne IntelliNews October 28, 2018

Fatmir Xhafaj has been under pressure to step down since May, when the opposition accused him of covering up his brother’s alleged links to drug traffickers.

Russians forego their summer holiday and buy a new smartphone instead

Ben Aris in Berlin October 28, 2018

Most Russians went to the dacha or stayed at home this summer and used the money they saved to update their smart phone to a newer model.