Lukashenko says he may quit as president
Belarus hits EU with tit-for-tat sanctions
Belarusian police introduce colour-coded torture system for detained protesters
Kremlin publicly condemns Belarusian police brutality in hint of growing frustration with Lukashenko
Russian services PMI rises to 48.2, but remains underwater as recovery continues to slow
Russia to start mass vaccinations on December 7
Azerbaijan’s Aliyev calls on Armenia, Russia, Turkey and Iran to assist in creating Nakhchivan land corridor
FPRI BMB Russia: Sberbank releases a three-year transformation strategy to e-commerce concern
Ukraine’s banking sector continues recovery, but profits still lagging last year
Ukraine’s real wages up over 10% in October but have been stagnant in dollar terms for almost a year
FPRI BMB Ukraine: Public has confused opinions on resolving the Donbas conflict
Western Balkans plus Ukraine subsidised coal with over €900mn in 2018-2019
Estonian parcel robot firm Cleveron eyes €30mn state loan
Estonia’s chief auditor says €1bn in state COVID-19 loans issued haphazardly
Economic sentiment in CEE falls in November as recovery momentum splutters
Estonian animation studio Imepilt to hold IPO
Brighter days ahead: The economic bounce back in 2021
Central, Southeast Europe stock markets jump in anticipation of COVID-free future
VISEGRAD BLOG: An easing of trade tensions but still an uncertain situation for export-oriented Central Europe
Hungary's PM risks isolation as Poland mulls dropping EU budget veto
Poland ready to back down from veto of EU budget
Hungary's ruling party in damage control mode after MEP sex scandal bombshell
Poland’s PMI remains stuck just above the improvement line at 50.8 in November
Czech companies dominate this year’s Deloitte Technology Fast 50 CE
Coronacrisis to get worse before it gets better forecasts wiiw
EU diplomats say no chance of Bulgaria removing veto for Skopje to start EU accession talks
IMF says downside risks to Albanian economy are increasing
EU ministers fail to agree on launch of accession talks with Albania and North Macedonia
Western Balkans commit to green agenda and regional common market at Sofia summit
Bosnia’s opposition ousts nationalist parties in major cities
Bosnia’s main ethnic parties fight to hold onto power in local elections
Southeast Europe’s EU members to get biggest boost from next budget and recovery funds
Bulgaria imposes 3-week lockdown to slow down COVID-19 spread
CEE politicians highlight trade and security ties as they congratulate Biden
Breakaway Transnistria fully under Sheriff’s control as Obnovlenie party sweeps board in parliament election
Moldova’s presidential election is over, now the battle for the parliament begins
Moldova’s foreign policy reset
Russian establishment quick to congratulate Moldova's new president-elect
Rising COVID-19 cases put intense pressure on CEE healthcare systems
MEPs urge European Commission to act against Hungarian media financing in North Macedonia and Slovenia
North Macedonia mulls decriminalising cannabis to boost tourism
Retail surpass pre-crisis peak as Romanians shop instead of holiday
Romania’s stability election
Romanian venture capital firm Catalyst launches new €40mn-50mn fund for TMT
The state is back in business
Slovenian PM Jansa stands alongside Hungary and Poland in EU rule of law row
BEYOND THE BOSPORUS: Turkish number crunchers deliver November inflation surprise of 14%
Erdogan needs to go says analyst assessing Turkey’s economic collapse
Ukraine strikes deal with Turkey to produce killer drones instrumental in Karabakh conflict
In Karabakh deal, as many questions as answers
Protesters flood Yerevan demanding Armenia’s “traitor” PM quit over Nagorno-Karabakh surrender
Who emerge as the real winners from the bloody Nagorno-Karabakh conflict?
Below average 2020 wine production destined for volatile and uncertain global market
Iran calls on Saudis to limit $67bn defence spending to Tehran’s $10bn
Iranian prosecutors pledge to pursue Trump for Soleimani killing even after he leaves White House
No reaction from Kazakh elites as bombshell FT report says Nazarbayev’s son in law siphoned millions from pipeline scheme
UK court freezes $5bn in assets connected to fugitive Kazakh banker Ablyazov
Attack of the Debt Tsunami: global debt soars to a new all-time high
Kyrgyzstan's proposed new constitution provokes widespread revulsion
Kyrgyzstan's China debt: Between crowdfunding and austerity
CFC joins RWC in assessing KAZ Minerals buyout offer as under-valuation
China business briefing: Not happy with Kyrgyzstan
Mongolian coal exports to China paralysed as Beijing demands virus testing of truck drivers
Mongolia fears economic damage as country faces up to its first local transmissions of coronavirus
Mongolia in lockdown after suffering first local coronavirus transmissions
Mongolia’s wrestling culture: From the grasslands to the cage
No surprises in Tajikistan as Rahmon retains presidency with 91% of vote
A Tajikistan poised on verge of economic calamity set for vote
Tajikistan revives on-off dispute with Iran
Turkmenistan: The dammed united
Turkmenistan: Everybody yurts, sometimes
Dirty money investigation reviews identified payments worth $1.4bn linked to Turkmenistan
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Ilan Shor, a businessman and politician sentenced in connection to Moldova’s $1bn bank frauds, has reportedly sold his duty-free businesses and sent his family abroad after the Democratic Party of Vlad Plahotniuc failed to forge a new coalition and stay in power after the February 24 elections.
Shor was identified by investigators as the “visible beneficiary” of the bank frauds and given a 90-month sentence in June 2017. However, while he waits for his appeal to be judged, Shor managed to be elected first as the mayor of Orhei, and later to the Moldovan parliament in the February 24 general election.
Shor served as a key witness in the lawsuits against two of Plahotnuic’s political rivals, former prime minister Vlad Filat and convicted corporate raider Veaceslav Platon, both of whom are currently serving long prison sentences for fraud.
Shor, meanwhile, has remained at large. The delay of his lawsuit was seen as a result of his cooperation with Plahotniuc. His party, the Shor Party, won seven seats in the recent election and was considered a potential partner to the Democratic Party.
However, Plahotnuic’s hopes of holding onto power were dashed recently when the pro-Russian Socialist Party and the pro-EU ACUM alliance teamed up in an unlikely partnership aimed at ousting Plahotnuic.
Rumours about Shor leaving the country have circulated since the formation of the new majority in Chisinau, though they were recently denied by Interior Minister Andrei Nastase. However, Shor’s family are believed to have left the country.
Plahotniuc has already left Moldova with his family "to protect himself", moving the day before his cabinet headed by Pavel Filip resigned.
Meanwhile, the fate of the Dufremol chain of duty-free shops owned by the Shor family is uncertain. Until recently the largest duty-free chain in Moldova, the shops have been the core of the Shor family’s visible assets ever since Ilan Shor’s father arrived in Moldova in the early 1990s.
Until April, the company was registered on the name of Shor’s mother, Ilona Shor. However, the chain is currently reported as controlled by Bulgarian citizen Todor Markov Stefanov, Mold Street reported.
Ilan Shor’s other company, DFM which also specialises in duty-free trade, is active and its webpage claims that it operates the largest duty-free chain in the country. The associates are declared to be Alexandru Vilcu (30%), Viktor Iakovlev (30%) and Andriy Minayev (40%). Vilcu is a local businessman, the son of the Custom Agency’s head during the communist government.
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