Western Balkans citizens legally resident in EU equal to 14% of region’s population
International Ice Hockey Federation (IIHF) has stripped Belarus of the right to hold the World Championship this year
Alexei Navalny arrested on arrival as he returns home
LONG READ: The oligarch problem
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Police arresting activists ahead of Saturday’s demonstration in support of Navalny
Biden seeking a five-year extension to START II missile treaty
Russian consumer confidence index drops q/q, y/y in 4Q20
Western Balkans and Ukraine urged to scrutinise coal subsidies
Oligarchs trying to derail Ukraine’s privatisation programme, warns the head of Ukraine’s State Property Fund
Private finance mobilised by development banks up 9% to $175bn in 2019
VISEGRAD BLOG: Central Europe's populists need a new strategy for Biden
OUTLOOK 2021 Lithuania
EBRD says loan to Estonia’s controversial Porto Franco project was never disbursed
Czech MPs pass protectionist food law in violation of EU rules
M&A in Central and Eastern Europe fell 16% in value in 2020, says CMS report
Hungarian vehicle makers hit by supply chain shortage
COVID-19 and Trump’s indifference helped human rights abusers in 2020
OUTLOOK 2021 Poland
OUTLOOK 2021 Slovakia
BRICKS & MORTAR: Rosier future beckons for CEE retailers after year of change and disruption
FDI inflows to CEE down 58% in 1H20 but rebound expected
Albania needs reforms for e-commerce to thrive, says World Bank
BALKAN BLOG: US approach to switch from quick-fix dealmaking to experience and cooperation
Corona-induced slump in global clothing sector dragged down Albania’s 2020 exports
Bosnia's exports in 2020 amounted to BAM10.5bn, trade deficit to BAM6.3bn
Bulgaria's Biodit first company to IPO on new BEAM market
Bulgaria’s government considers gradual easing of COVID-related restrictions
Sofia-based LAUNCHub Ventures holds first close of new fund on €44mn
Spring lockdown caused spike in online transactions in Croatia
ING: Growth in the Balkans: from zero to hero again?
Labour demand down 28% y/y in Croatia in 2020
EBRD investments reach record €11bn in pandemic-struck 2020
OUTLOOK 2021 Moldova
Storming parliaments: New Europe's greatest hits
World Bank revises projection for Moldova’s 2020 GDP decline to 7.2%
Montenegrins say state administration is most corrupt institution
North Macedonia plans to cut personal income tax in IT sector to zero in 2023
Romania government to pursue “ambitious” timetable for justice reforms
OUTLOOK 2021 Romania
OUTLOOK 2021 Slovenia
Slovenia’s opposition files no-confidence motion against Jansa cabinet
Slovenia’s government to release funds to news agency STA after EU pressure
UK Moneyhub picks Slovenia for post-Brexit European base
D’S Damat franchise deals ‘show Turkey’s hard-pressed mall operators becoming their own tenants’
Turkey’s benchmark rate held as concerns over faltering recovery come to fore
Turkish lira breaches HSBC’s stop-loss, Turkey ETF signalling outflows
CAUCASUS BLOG : What can Biden offer the Caucasus and Stans, all but forgotten about by Trump?
Armenia ‘to extend life of its 1970s Metsamor nuclear power plant after 2026’
OUTLOOK 2021 Armenia
COMMENT: Record high debt levels will slow post-coronavirus recovery, threaten some countries' financial stability, says IIF
OUTLOOK 2021 Georgia
Iran’s Khamenei menaces private citizen Trump with image of aircraft shadowing blond golfer
Iran’s technology minister indicted for failing to properly implement internet censorship
No US move to rejoin Iran nuclear deal imminent, say Biden national security nominees
TEHRAN BLOG: Will Biden bet on a quick return to the Iran nuclear deal?
Central Asia vaccination plans underwhelm, but governments look unruffled
Fears of authoritarianism as Kyrgyz populist wins landslide and backing for ‘Khanstitution’
Mongolia's PM quits amid protests over treatment of mother with coronavirus and newborn baby
Mongolia's winter dzud set to be one of most extreme on record says Red Cross
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
OUTLOOK 2021 Tajikistan
OUTLOOK 2021 Turkmenistan
Turkmenistan: How the Grinch stole New Year
COMMENT: Uzbekistan is being transformed, but where are the democratic reforms?
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The Public Property Agency (APP) of Moldova has terminated the contract with Avia Invest regarding the concession of Chisinau International Airport due to its non-compliance with the investment commitments.
Earlier this year, the government in Chisinau attempted to terminate the contract with Avia Invest citing overdue payments to the Civil Aviation Authority (CAA), but Avia Invest paid the due debt. It is relevant that Cyprus-based offshore company Komaksavia Airport Invest, the owner of Avia Invest, opened a request for arbitration in Stockholm in May, requesting compensation of €885mn or $970mn. The case was filed, however, based on insolvency requests, which have been settled meanwhile.
The decision was made in connection with the fact that Avia Invest "did not execute the contractual obligations, accumulating arrears in terms of investments of around €66.2mn". APP requested the return of the goods taken under the concession.
In April, APP sent a preliminary notice to the concessionaire, granting a period of 60 days, during which the company was to provide a valid guarantee of proper execution of the concession contract.
The managers of Avia Invest stated at a recent press conference that "the company fulfils its investment obligations in accordance with the 2013 concession plan and contract".
"The company has invested over €90mn in airport infrastructure. All the opinions expressed in this regard by APP are absurd and made either out of ignorance or under political pressure," the concessionaire said.
Since 2016, Komaksavia Airport Invest has owned 95% of Avia Invest, the company that won the 49-year concession contract for Chisinau International Airport in August 2013.
The Cyprus-based offshore company has undeclared owners, but increasingly more pieces of evidence support the idea that the final beneficiaries are former Democratic Party leader Vlad Plahotniuc and businessman Ilan Shor, both of them fugitive since pro-Russian President Igor Dodon formed own parliamentary majority last June and overthrew Plahotniuc’s PM Pavel Filip (who has since become Dodon’s new political ally).
Moldova’s president-elect Maia Sandu said that Chisinau has no unpaid bill for the natural gas supplied by Russia and it would be “unfair” to pay for the natural gas used by the separatist ... more
Maia Sandu, the pro-EU candidate in the Moldovan presidential election, confirmed that she has the same goal as Renato Usatii, who came third in the first round with 17% of the votes, namely calling ... more
Pro-EU candidate Maia Sandu is likely to defeat incumbent President Igor Dodon in the second round of the November 1 presidential elections, according to a poll conducted for WatchDog.MD ... more
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