News

Turkey ‘seeking funding to bolster state-run banks’

bne IntelliNews March 3, 2019

Public lenders have been providing cheap loans to help companies and consumers ride out economic turmoil.

Opposition denied permission for protest as political rift deepens in Albania

bne IntelliNews March 3, 2019

Police decided against giving permission for Democratic Party rally after threats of violence, as Albania seeks green light for EU accession talks in what is shaping up to be a turbulent year.

North Macedonia’s ruling coalition nominates presidential candidate

Valentina Dimitrievska in Skopje March 3, 2019

North Macedonia's coordinator for Nato accession Stevo Pendarovski will run for the presidency backed by the SDSM and its coalition partners in the first test for the government since the signing of the historic Prespa agreement.

Ukrainian President Poroshenko's illegal enrichment bill worse than earlier norms, say analysts

Ben Aris in Berlin March 3, 2019

Ukraine’s politicians were scrambling to undo a Constitutional Court decision that decriminalised graft at the end of last week but the bills they submitted are weaker than the original version.

Nationalist party to launch attack on Estonia’s political status quo

Wojciech Kosc in Warsaw March 1, 2019

Far-right EKRE, which is polling at around 17% ahead of Sunday's general election, is less than enthusiastic about the Baltic state’s membership in the EU, so far the cornerstone of Estonian politics.

Turkey’s capital markets "rehabilitation" continues as QNB Finansbank sells $500mn eurobond at 6.95%

Akin Nazli in Belgrade March 1, 2019

Other market latest: Lira tests 5.36s. Isbank’s dividend request refused. Government “suggests” annual credit growth target for lenders.

Russia’s banking sector trebles profits in January y/y to $4bn

Ben Aris in Berlin March 1, 2019

Russia’s banking sector is back in profit and earned RUB264bn ($4bn) in January, according to Central Bank of Russia data.

China warns Turkey Uyghur criticisms could jeopardise trade

bne IntelliNews March 1, 2019

“If you choose a non-constructive path, it will … be reflected in commercial and economic relations,” remarks Chinese envoy to Ankara.

EC debunks Hungarian government's claims in anti-Brussels campaign

bne IntelliNews March 1, 2019

Brussels comes down hard on Hungarian government over campaign that targeted European Commission President Jean-Claude Juncker and Hungarian-American businessman George Soros.

Ukraine president, opposition leader seek new bill on criminal responsibility for illicit enrichment

bne IntelliNews February 28, 2019

Ukraine's opposition leader and presidential candidate Yulia Tymoshenko has registered in the country's parliament a bill amending the criminal code with the aim to return criminal responsibility for illicit enrichment of the nation's officials.

International investors remain overweight in Russian stocks, but oil sector loses its appeal

Ben Aris in Berlin February 28, 2019

International investors believe the risks of lower oil prices and more sanctions are already priced in, but after stellar returns last year, investors are now underweight Russian oil stocks.

Initial price pointer for Turkey’s QNB Finansbank 5.5-year USD eurobonds in ‘low 7%s’

Akin Nazli in Belgrade February 28, 2019

Largest Turkish conglomerate Koc moves for eurobond issue of up to $1bn. On stock market, companies opting to batten down hatches rather than issue dividends.

Hungarian central bank unveils recommendations to boost competitiveness

bne IntelliNews February 28, 2019

Even though Hungary's economy grew by 5% last year — one of the fastest rates in Europe — economists say that in the long term the country needs to improve productivity to ensure sustainable growth.

Former head of Romanian anti-corruption body picked as top candidate for EU job

Carmen Simion in Bucharest February 28, 2019

Laura Kovesi says endorsement by European Parliament committee is “a vote for the whole Romanian justice system” after she was ousted from the helm of Romania’s National Anticorruption Directorate.

SK Innovation to build new battery plant in Hungary

bne IntelliNews February 28, 2019

Hungary is set to become the largest EV car battery producer in Europe after 2020 following investments by three of the big five Asian battery makers.

North Macedonia governing parties to propose joint candidate for president

bne IntelliNews February 28, 2019

Announcement dispels rumours of a crisis within the coalition between the Social Democratic Union of Macedonia and its junior partner the ethnic Albanian Democratic Union for Integration.

Czech's richest man Czech Petr Kellner among the one hundred richest people in the world

Nelly Tomcikova in Prague February 28, 2019

Czech billionaire Petr Kellner, owner of PPF Investment Group, was listed in the list of 100 richest people in the world, according to the Hurun Global Rich List 2019 published on February 26.

Ukraine cancels criminal responsibility for illicit enrichment

bne IntelliNews February 27, 2019

Ukrainian Constitutional Court has cancelled criminal responsibility for illicit enrichment, Ukrainska Pravda online outlet reported on February 26 quoting four separate unnamed sources.

EBRD’s bond buy in Turkish retailer Migros illustrates tight financing conditions

Akin Nazli in Belgrade February 27, 2019

As government fights economic ills ahead of local elections, ruling party offers curious briefings on evolving opinion poll results.

Belarus exports of anthracite to Ukraine jump 340-fold in 2018 amid accusations of trading with Russia-backed separatists

Sergei Kuznetsov in Kyiv February 27, 2019

Ukraine increased imports of anthracite from Belarus by 340 times year-on-year to 102,200 tonnes in 2018, according to the state statistical service Belstat in Minsk.

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