News

Turkey’s Syria, Iraq air strikes conducted with knowledge of Russia, US, says academic

Akin Nazli in Belgrade December 3, 2022

Professor also says she expects Iran to carry out land operation in Iraqi Kurdistan.

Putin tells Scholz Russian strikes on Ukraine’s energy infrastructure inevitable, rejects Biden’s call for talks

bne IntelliNews December 2, 2022

Speaking to a Western leader for the first time since September, Russian President Vladimir Putin told German Chancellor Olaf Scholz that Russian strikes on Ukraine’s energy infrastructure were “inevitable,” and rejected US calls for talks.

Tehran’s main street reverts to pre-revolutionary name on Google Maps

bne IntelliNews December 2, 2022

The late-night edit by an unknown actor is the latest tussle in a battle of wills between those who support the current Islamic regime and those who look back to the Pahlavi monarchy.

Slovak government faces vote of no-confidence next week

Albin Sybera December 2, 2022

The vote comes as public support for the government has collapsed amid political divisions and defections and the perceived failure of the cabinet to get a grip on the worsening cost of living crisis.

Pro-Russian ex-interior minister to head Serbia’s intelligence service

bne IntelliNew December 1, 2022

Aleksandar Vulin was a staunchly pro-Russian member of the former government, who paid a high-profile visit to Moscow in August.

Poland scrapes through to World Cup’s last 16 after humbling defeat by Argentina

Wojciech Kosc in Warsaw December 1, 2022

Poland go through group stage for first time for 36 years, with Croatia poised to join them as the only CEE teams to progress.

European Commission clears Hungary RRF plan but links payouts to 'super milestones'

Tamas Csonka in Budapest December 1, 2022

Commission also recommends keeping €7.5bn of Hungary's Cohesion Fund allocation frozen until the country takes steps to address concerns over the rule of law.

UzAuto Motors launches subscription campaign for third IPO in Uzbekistan's history

Muzaffar Ismailov in Tashkent December 1, 2022

Automaker is preparing to list as one of a series of People's IPOs of major Uzbek enterprises.

Moldova attends first Nato summit but says membership is not an option

Iulian Ernst in Bucharest December 1, 2022

Foreign Minister Nicu Popescu takes care not to provoke Russia, despite Nato promises of support for Moldova.

Jailed Belarusian opposition figure rushed to hospital

bne IntelliNews December 1, 2022

Only 6 days after Maria Kolesnikova was placed in a so called “punishment cell” she was rushed to a civilian hospital. However, her lawyer is still not allowed to get in touch with her.

Kazakh President Tokayev meets with Putin, Macron on first foreign tour after re-election

bne IntelliNews November 30, 2022

Tokayev highlights symbolism of visits as he reaches out to Europe but indicates Russia is still Kazakhstan’s main strategic partner.

Tehran and Moscow will create a joint trade council

bne IntelliNews November 30, 2022

Economic ties between Russia and Iran are rapidly deepening as the two countries are driven together by sanctions from the West.

Russia proposes Kazakhstan and Uzbekistan join “gas union”

Muzaffar Ismailov in Tashkent November 30, 2022

Goal of proposed union is to coordinate transport of Russian gas across Central Asia as Moscow seeks new markets in response to Western sanctions.

Hungary braces for further conditionality terms for release of €13.3bn in EU funds

Tamas Csonka in Budapest November 30, 2022

Commission set to approve Hungary’s plans to use €5.8bn of post-pandemic recovery fund money but it is likely to recommend continuing the suspension of €7.5bn in Cohesion Funds.

Nato reaffirms commitment to invite Ukraine to join, promises more economic aid

bne IntelliNews November 30, 2022

Nato members reaffirmed its commitment to the 2008 promise to eventually allow Ukraine to join the military alliance and promised to provide more military and economic aid after Ukraine was plunged into darkness by Russian missiles.

Eagle Hills launches $2.5bn superyacht port project in Albania despite fierce opposition

bne IntelliNews November 29, 2022

UAE-based property developer Eagle Hills will built the largest-ever superyacht marina in the Mediterranean at Albania’s port city Durres.

Kazakh authorities threaten to nationalise energy firms over ongoing blackouts

bne IntelliNews November 29, 2022

Warning issued after accident at a power plant in northern Kazakhstan that left thousands without electricity amid freezing temperatures in the city of Ekibastuz.

German president urges North Macedonia to adopt constitutional amendments needed for EU accession progress

Valentina Dimitrievska in Skopje November 29, 2022

Opposition has blocked constitutional changes Skopje agreed to make in a deal with Bulgaria to start its long-awaited EU accession talks.

Oil price cap deal still proves elusive for EU

bne IntelliNews November 29, 2022

EU negotiators ended talks on capping Russian oil prices on November 25 without coming to a hoped-for agreement, as Poland and the Baltic States opposed a proposal that they felt would have left Moscow with too much revenue from its crude exports.

Azerbaijan's State Oil Fund reports over $5bn in losses from asset management and FX in first nine months

Cavid Aga in Baku November 29, 2022

SOFAZ reported losses from asset management of $2.659bn, or 5.7% of its value, as well as extra-budgetary expenses amounting to $2.46bn, largely due to exchange rate appreciation.

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